Vista Equity Partners has reportedly taken an interest in business spend management provider Coupa Software. The investor may come forward with an acquisition offer.
Insiders told Bloomberg that Vista Equity wants to acquire Coupa Software. The parties are reportedly in the negotiation stage. Neither company confirmed the talks.
Coupa Software is valued at about €3.4 billion. The organization develops a business spend management platform and focuses on financial and supply chain solutions.
Its software allows companies to plan and manage financial transactions. Ultimately, Coupa Software helps firms make decisions faster and more efficiently.
Vista on a spree
Vista Equity Partners recently acquired security awareness firm KnowBe4 for $4.6 billion. Many investment firms are on the lookout for potential IT acquisitions.
The tech market is in a slump, which can be beneficial for investors that have the funding required to buy out struggling organizations.