In 2021 Coupa’s total revenues hit $541.6m, up 39% from 2020, and it was named a leader in procurement software services this year by Gartner for a seventh consecutive year. Rob Bernshteyn, chairman and chief executive officer at Coupa, said: “We're looking forward to partnering with Thoma Bravo and accelerating our vision to digitally transform the office of the CFO.”Ĭoupa’s third quarter financial results, released alongside the takeover announcement, said the company’s total revenues reached $217.3m for the quarter, an increase of 17% compared to the same period last year.Ĭoupa, founded in 2006, last year announced it had bought the supply chain planning company Llamasoft for around $1.5bn. The Abu Dhabi Investment Authority, a sovereign wealth fund, will contribute a “significant minority investment” to the takeover, Coupa said. Thoma Bravo is one of the largest private equity firms in the world, with more than $120bn in assets.

Procurement and supply chain software firm Coupa has announced it is being taken over by a US private equity company in an $8bn deal.Ĭoupa, which provides software to companies including Unilever, Nestlé and Airbus, said the cash deal, which will make the publicly-listed company private, was expected to be completed in the first half of 2023.

Procurement software coupa