M&A Deal Summary

Coupa Acquires Cirtuo

On May 13, 2025, Coupa acquired software company Cirtuo

Acquisition Highlights
  • This is Coupa’s 10th transaction in the Software sector.
  • This is Coupa’s 1st transaction in Austria.

M&A Deal Summary

Date 2025-05-13
Target Cirtuo
Sector Software
Buyer(s) Coupa
Deal Type Add-on Acquisition

Target

Cirtuo

Graz, Austria
Cirtuo is an AI-powered category management. Cirtuo wa sfounded in 2009 and is based in Graz, Austria.

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Buyer(S) 1

Buyer

Coupa

Foster City, California, United States

Category Company
Founded 2006
Sector Internet Software and Services
Employees3,076
Revenue 725M USD (2022)
DESCRIPTION

Coupa is a cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa was founded in 2006 and is based in Foster City, California.


DEAL STATS #
Overall 18 of 19
Sector: Software M&A 10 of 10
Type: Add-on Acquisition M&A Deals 17 of 18
Country: Austria M&A 1 of 1
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 LLamasoft

Ann Arbor, Michigan, United States

LLamasoft software helps organizations worldwide design and improve their supply chain operations. LLamasoft solutions enable companies across a wide range of industries to model, optimize and simulate their supply chain network, leading to major improvements in cost, service, sustainability and risk mitigation. Headquartered in Ann Arbor, Michigan, LLamasoft is a leader in supply chain excellence and innovation, advancing technology focused on continuous improvement of enterprise supply chains for the world’s largest organizations.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Scoutbee

Berlin, Germany

Scoutbee is an AI-powered supplier discovery platform and network that enables buyers and suppliers to connect more efficiently. Scoutbee was founded in 2015 and is based in Berlin, Germany.

Buy -