Thoma Bravo Is in Advanced Talks to Buy Coupa Software

  • Thoma had been competing with Vista to acquire software maker
  • Coupa buyout could be announced as early as this week

Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images

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Thoma Bravo LLC is in advanced talks to acquire Coupa Software Inc. after outbidding Vista Equity Partners, according to people familiar with the matter.

A deal for the San Mateo, California-based company could be announced as soon as this week, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and talks could fall through, the people said.