Thoma Bravo-backed Coupa Software completed the acquisition of Cirtuo.

Thoma Bravo-backed Coupa Software, a cloud-based platform focused on AI-driven business spend managemen for enterprises, completed the acquisition of Cirtuo, a digital category management software designed to help procurement teams create and manage category strategies effectively. Financial terms were not disclosed. “Cirtuo empowers procurement teams to build AI-guided, insight-driven strategies that align with business priorities and flow directly into tactical activities resulting in seamless, closed-loop procurement processes. We’re excited to join Coupa as businesses embrace digital transformation in the AI era,” Drasko Jelavic, Cirtuo CEO.