Coupa Software to Acquire Contract Lifecycle Management Company Exari

Coupa SoftwareCoupa Software (NASDAQ: COUP), a San Mateo, CA-based business spend management (BSM) company, is to acquire Exari, a provider of contract lifecycle management (CLM).

The amount of the deal was not disclosed.

The acquisition will extend Coupa’s existing contract management capabilities and reinforce its strategy of providing applications that maximize the value of the core transactional spend captured in its BSM Platform.

Ledc by Bill Hewitt, chief executive officer, Exari enables businesses to manage the entire contract lifecycle: from contract request, creation, and approval to negotiation, signature capture, and optimization with compliance built-in throughout the process.

Led by Rob Bernshteyn, chairman and chief executive officer, Coupa Software offers a cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Its platform provides visibility into and control over how companies spend money.
The company is based in Bergen, Oslo, Norway, Boston and Chicago, USA, Kiev, Ukraine, London and Newbury, UK, Melbourne, Australia, and Munich, Germany.

The proposed acquisition is expected to close during Coupa’s fiscal second quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.



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