US-based supply chain software developer LLamasoft has been acquired by business spend management developer Coupa Software for $1.5bn from investment fund TPG Capital.

Coupa is best known for providing procurement software for shippers to use with their suppliers and CEO Rob Bernshteyn said the deal would allow deeper integration of procurement and supply chain functions.

“We are witnessing an unprecedented shift in what businesses are demanding to effectively manage their supply chains,” he said. “They need instant visibility, agile planning capabilities and timely ...

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