Ann Arbor’s Llamasoft acquired by Coupa Software for $1.5B
ANN ARBOR – California-based Coupa Software announced Monday that it has acquired AI supply chain company Llamasoft for approximately $1.5 billion. Llamasoft’s AI-powered cloud platform helps companies make quick, informed supply chain decisions. Now more than ever, supply chain agility remains critical as economic conditions, consumer preferences and the political landscape continue to change amid the global pandemic. At the beginning of the year, Llamasoft launched its newest product llama.ai, which helps bring forward valuable insights via proven supply chain algorithms. “We are very excited about joining forces with Coupa,” Razat Gaurav, CEO at LLamasoft said in a news release.
Ann Arbor’s Llamasoft wins local business award for thirteenth consecutive year
ANN ARBOR – For the thirteenth year in a row, AI supply chain software company Llamasoft has been named a FastTrack winner by Ann Arbor SPARK. The annual awards are given to companies in Washtenaw and Livingston counties that demonstrate year over year growth. Congratulations to LLamasoft!”This year’s FastTrack winners were required to have an annual growth of 20 percent over the last three years and a revenue of at least $100,000 in 2016. “We are honored to be recognized by Ann Arbor SPARK as a FastTrack company,” Sandra Moran, LLamasoft’s Chief Marketing Officer, said in a statement. “To achieve consistent growth for over 13 years we have remained focused on delivering value to our global customers.