Coupa Software Inc. (NASDAQ:COUP), which manages about $2 trillion in global spending, said Monday it acquired supply chain management specialist Llamasoft for $1.5 billion in an effort to strengthen the cost-effectiveness of Coupa’s clients’ spending activities.
The cash-stock deal, which closed Monday morning, is designed to integrate Llamasoft’s strategic skills in supply chain optimization with Coupa’s spend management execution across its massive customer base, Sandra Moran, Llamasoft’s...