Thoma Bravo-Coupa Software

Software investment firm Thoma Bravo is buying Coupa Software, a provider in business spend management, for $8 billion.

For more than a decade, Coupa Software cemented its position as a market-leading platform in its category, said Rob Bernshteyn. He’s chairman and CEO at Coupa.

“We’re looking forward to partnering with Thoma Bravo and accelerating our vision to digitally transform the office of the CFO,” Bernshteyn said. “While our ownership may change, our values do not. Every one of us at Coupa will continue to put our customers at the center of everything we do and help them maximize the value of every dollar they spend.”

Read more about the future of product strategy and M&A growth for the company.