We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » Llamasoft acquired for $1.5 billion by spend management software firm

Llamasoft acquired for $1.5 billion by spend management software firm

Coupa Software buys firm from its private equity owner in move to offer supply chain planning tools to companies trying to navigate tumultuous markets of 2020.

coupe software graphic
November 2, 2020
DC Velocity Staff
No Comments

The supply chain software firm Llamasoft said today it has been acquired for $1.5 billion by Coupa Software Inc., a provider of business spend management (BSM) tools that says enterprise retailers need better software tools to handle sweeping changes in supply and demand that have rocked markets in 2020.

The deal comes as San Mateo, California-based Coupa says that the events of the past year continue to demonstrate the importance of supply chain agility, with companies working to adapt to changing consumer preferences, economic conditions, and the political landscape. 

Coupa, which is a publicly traded company, says its market research shows that “business spend sentiment” has dropped across all industry sectors with the exception of health & life sciences, indicating that businesses have grown significantly more cautious about the outlook of the economy.

The company says those shifts have driven both demand uncertainty and supply volatility, a combination which pushes companies to seek supply chain technology to help assess alternatives and balance trade-offs. Ann Arbor, Michigan-based Llamasoft fits that need with its artificial intelligence (AI)-powered cloud platform that empowers companies to make smarter supply chain decisions, faster, Coupa said.

"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," Rob Bernshteyn, chairman and CEO at Coupa, said in a release. "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.”

Llamasoft has grown aggressively in recent years, using the deep pockets of its private equity owner to make acquisitions—such as its 2019 move to buy the artificial intelligence (AI) firm Opex Analytics LLC—to expand its geographical reach through a partnership with the Chinese online retailing giant JD.com, and to launch new products, such as its supply chain decision-making platform, llama.ai.

Those moves followed Llamasoft’s decision in 2017 to sell a majority stake of the company to private equity firm TPG Capital, and its 2015 expansion when it bought the LogicTools supply chain applications suite from IBM Corp. and the supply chain software division from South Africa’s Barloworld Ltd.

“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,” Llamasoft CEO Razat Gaurav said in a release.

Technology Supply Chain IT
KEYWORDS Coupa Software Inc. LLamasoft, Inc.
    • Related Articles

      RedPrairie to be acquired by private equity firm; Descartes launches all-cash bid for Porthus

      Infor lands $1.5 billion investment, prepares to go public by 2020

      Nolan Transportation Group acquired by private equity firm Gryphon Investors

    Recent Articles by DC Velocity Staff

    Penske’s 3PL arm to expand brokerage capabilities with new offices in Chicago and NJ

    ERP vendor Aptean acquires TMS provider TOTALogistix

    Social media influencers need 3PLs, too

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Union Pacific agrees to provide more predictable schedules for union rail workers

    • Schneider National opens innovation center at Wisconsin headquarters

    • DHL Supply Chain will expand Locus Robotics fleet to 5,000 AMRs

    • Ocado plans to grow automation beyond grocery sector with 6 River Systems acquisition

    • Trucking companies face “modestly unfavorable” outlook heading into 2024

    Now Playing on DCV-TV

    26e62842 47ea 4830 9276 1fa6c6616f71

    UPS Talks with Teamsters and a Look at Factors Impacting Balance Sheets

    DCV-TV 4: Viewer Contributed
    The negotiations between UPS and the Teamsters for a new contract to replace the one ending July 31 have been underway for almost a month now. While there were aggressive remarks and posturing by the Teamsters leading up to the talks, it looks like progress is being made. Learn more in this week’s video. And don’t...

    FEATURED WHITE PAPERS

    • How to Use Economic Uncertainty to Gain Competitive Ground with Automation

    • Exploring Customized Forklift Solutions

    • Exploring the Future of Labor Management With Capacity Planning

    • Three layers of forklift safety: Promoting operating best practices

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing