197 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 Deutsche Bank Appoints Rodolfo Siason as Chief Country Officer for the Philippines Blackstone Sells Japanese Drugmaker Alinamin Pharmaceutical to MBK Partners for $2.17 Billion Unilever Appoints Heiko Schipper as President, Nutrition Boeing Agrees to Plead Guilty to Criminal Fraud Charge DuckDuckGo founder says Google has stranglehold over internet search Empretec Training Sparks Entrepreneurial Vision Amidst AfCFTA Prospects