Sunday, May 19, 2024
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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.


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