176 In a deal valued at $8 billion, Coupa Software Inc said on Monday that the company has consented to be taken private by buyout group Thoma Bravo. After falling more than 60% so far this year, Coupa’s shares rose 27% in response to news of the purchase. A subsidiary of the sovereign wealth fund Abu Dhabi Investment Authority has made a minority investment in the all-cash transaction. Thoma Bravo has accomplished many deals this year, along with the acquisition of Coupa Software, Anaplan, Ping Identity, ForgeRock, and Sailpoint Technologies. You Might Be Interested In FIS Earns Recognition as Digital World-Class Vendor in Credit Management Alphabet and Microsoft Earnings Highlight Significant AI Investments Driving Growth AutoZone Successfully Implements Leadership Transition Plan AI Race Accelerates with Amazon’s Investment In Anthropic Warren Buffett’s 21-Quarter Streak: Continues to Acquire Shares in a Non-Apple Stock Abercrombie & Fitch Faces Lawsuit Alleging Funding of CEO’s Abhorring Operations
