14 December 2022
Software program funding agency Thoma Bravo introduced that it is going to be buying Coupa Software program, a specialist in in enterprise spend administration, for US$8.0 billion in an all-cash transaction.
The transaction, which was accepted unanimously by the Coupa Board of Administrators, is anticipated to shut within the first half of 2023, and is topic to customary closing circumstances.
Upon completion of the transaction, Coupa will change into a privately held firm and can proceed to function beneath its unique title and model.
The transaction additionally features a important minority funding from a completely owned subsidiary of the Abu Dhabi Funding Authority (ADIA).
Rob Bernshteyn
“For greater than a decade, we’ve been constructing an unbelievable enterprise spend administration group and have proudly cemented our place because the market-leading platform in our class. We’re trying ahead to partnering with Thoma Bravo and accelerating our imaginative and prescient to digitally rework the Workplace of the CFO.
Whereas our possession could change, our values don’t. Each certainly one of us at Coupa will proceed to place our clients on the middle of the whole lot we do and assist them maximize the worth of each greenback they spend.”
stated Rob Bernshteyn, Chairman and Chief Government Officer at Coupa.
Holden Spaht
“Coupa has created and led the massive and rising Enterprise Spend Administration class. We’ve adopted the corporate’s success for a few years and have been impressed by its constant observe file of delivering excessive ranges of worth for its international buyer base.
We sit up for partnering with Rob and the remainder of the administration staff to maintain investing within the firm’s product technique whereas driving development each organically and thru M&A.”
stated Holden Spaht, a Managing Accomplice at Thoma Bravo.
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