Coupa to Buy Source Chain Software package Organization Llamasoft for $1.5B

Coupa Software  (COUP) – Get Report said Monday that it was attaining provide-chain-layout and -organizing corporation…

Coupa Software  (COUP) – Get Report said Monday that it was attaining provide-chain-layout and -organizing corporation Llamasoft for about $1.5 billion.

Shares of Coupa, San Mateo, Calif., at final verify ended up down 1.9% at $262.72. 

The engineering at Llamasoft, Ann Arbor, Mich., is utilised by models these types of as Boeing  (BA) – Get Report, Danone DANOY, House Depot  (High definition) – Get Report, and Nestle NSRGY.

Coupa expects the transaction to shut Monday. This is Coupa’s 3rd acquisition this 12 months, The Wall Avenue Journal said.