ConnXus, a startup creating software to help companies manage their supply chains, has been acquired by San Mateo, Calif.-based Coupa Software. Terms of the deal were not disclosed.
“This acquisition is an exciting milestone for both of our companies,” ConnXus said in an email to customers. “We are excited about the synergies that Coupa and ConnXus will bring to your supplier management efforts.”
The company added that the acquisition will not result in any large or immediate changes for customers. Buyers and suppliers will continue to use ConnXus products and be supported by Coupa.
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Story excerpt provided by Cincy Inno.
Written by Maddy Kennedy.
Originally published June 3, 2020.