Vista Is Said to Explore Deal to Acquire Coupa Software

Vista Equity Partners is exploring an acquisition of Coupa Software Inc., according to people familiar with the matter.

Vista has held talks with the San Mateo, California-based company, which is working with an adviser, said the people, who asked to not be identified because the matter isn’t public. Private-credit lenders could provide financing for a potential deal, the people said.

No deal is imminent and Vista could opt against pursuing a transaction, the people said. Other suitors could emerge for Coupa too, they added.

Representatives for Vista and Coupa Software didn’t immediately respond to requests for comment.

Coupa Software ...