Vista Equity Wants to Take Coupa Software Private

Business spend management software company Coupa Software is reportedly considering a sale to private equity investor Vista Equity as investment climate continues to fluctuate globally.

In a Wednesday (Nov. 23) Bloomberg report citing people familiar with the matter, it was revealed that representatives from Vista met with Coupa and are working with an adviser on business takeover talks.

“Private-credit lenders could provide financing for a potential deal,” an unnamed source said. While there is reportedly no offer currently on the table, there is the potential for more investors to throw their hats into the ring to buy Coupa as well.

Both Vista Equity and Coupa Software did not immediately respond to PYMNTS’ emailed requests for comment.

Coupa’s stock jumped 35% on the initial news that the company is potentially pursuing a buyer, a good indication of its investors outlook on such a deal going through.

Also, Vista Equity has a reputation for taking growing tech companies under its wing, with its most recent private equity investment being a $4.6 billion acquisition of software-security firm KnowBe4 last month (Oct. 12).

An injection of capital would be beneficial to Coupa as well, with the company continuing to find new ways to innovate its spend management software through partnerships.

The company recently (Oct. 25) teamed up with TradeCentric to help B2B automotive buyers and suppliers connect, automate and scale the way they make transactions by making it a certified CoupaLink Partner Program company.

Giving businesses the means to manage and track their purchasing makes Coupa an indispensable resource for all types of companies, and the potential of an acquisition deal that could take the company private will make the company’s software more desirable in the industry.