Exari: Coupa to Buy Exari, Boosting CLM in Its Business Spend Management Suite

Categories: Contract Management, Industry News, M&A, Procurement, Solution Providers, Spend Management, TechnologyTags: General NewsCoupa Software is buying Exari to gain its best-of-breed contract lifecycle management (CLM) offering, Coupa announced Tuesday morning. Terms of the deal were not disclosed, but Coupa, a San Francisco-area suite provider of business spend management (BSM), said in a news release that the transaction for Boston-based Exari is expected to close in its second fiscal quarter.Exari is a top performer in Spend Matters' CLM rankings on SolutionMap, and it is unique in its knowledge-based approach to deep contract modeling rather than just straight artificial intelligence (AI) and machine learning based on contract text analytics.(Read more...)