We look forward to building on Coupa’s strong track record of success.” “Our partnership with Coupa will leverage Thoma Bravo’s deep software expertise to help accelerate growth, drive continued investment in product innovation, and better serve the company’s world-class customer community. “Coupa created the Business Spend Management category and is well-positioned to capitalize on this large and expanding global market,” said Holden Spaht, a Managing Partner at Thoma Bravo. This move is an opportunity for us to strengthen our business fundamentals and continue delivering leading-edge innovation on our platform.” “Thoma Bravo shares our vision and brings strategic and operational expertise. “This is an important milestone for Coupa, underscoring our market-leading position and the value we’re co-creating with our customer community,” said Rob Bernshteyn, Chairman and CEO at Coupa. Coupa’s common stock has ceased trading and will be delisted from Nasdaq.

With the completion of the transaction, Coupa stockholders are entitled to receive $81.00 per share in cash for each share of Coupa common stock they owned.

The agreement to be acquired was previously announced on December 12, 2022, and approved by Coupa stockholders at Coupa’s Special Meeting of Stockholders held on February 23, 2023. The transaction includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). SAN MATEO, Calif., Febru– Coupa Software, a leader in Business Spend Management (BSM), today announced the completion of its acquisition by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately $8.0 billion.

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