Coupa Software, a provider of Business Spend Management, announced that it has acquired LLamasoft, a provider of AI-powered supply chain design and planning for a purchase price of approximately $1.5 billion. Based in Ann Arbor, Mich., LLamasoft's technology is used by hundreds of enterprise customers, including brands such as Boeing, Danone S.A., Home Depot, and Nestle.
"We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their supply chains. They need instant visibility, agile planning capabilities, and timely risk mitigation support," said Rob Bernshteyn, chairman and CEO at Coupa. "LLamasoft's deep supply chain expertise and sophisticated data science and modeling capabilities, combined with the roughly $2 trillion of cumulative transactional spend data we have in Coupa, will empower businesses with the intelligence needed to pivot on a dime. Together, we will deliver a more powerful Business Spend Management platform to help organizations everywhere maximize the value of every dollar they spend in a smarter, simpler, and safer way."
Launched in January 2020, LLamasoft's newest product llama.ai, delivers AI-powered decision making across the supply chain to support a large number of use cases. With llama.ai, organizations can create purpose-built applications that leverage an end-to-end decision data model and employ a library of supply chain algorithms. These applications can run what-if scenarios and surface valuable insights before organizations make key business decisions.
"We are very excited about joining forces with Coupa," said Razat Gaurav, CEO at LLamasoft. "Combining Coupa's market-leading spend management execution core and broad market reach with LLamasoft's AI-powered supply chain analytics provides a unique opportunity to bring together digital transformation solutions that drive decision making and operational efficiency across the enterprise. I am equally excited for employees of both organizations who share a culture that prioritizes delivering innovation and exceptional customer value."
Coupa empowers companies around the world with the visibility and control they need to make smarter spending decisions.
Timely, incisive articles delivered directly to your inbox.