Private equity firm Thoma Bravo acquired Coupa Software for $8 billion, or $81 per share in cash, the company announced on Monday. According to business spend management platform officials, the transaction made financial sense. "This transaction is the result of a deliberate and thoughtful process that included engagement with both...
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Motive fires 6% of its workforce, blaming it on slowing demand.
Motive, formerly KeepTruckin, has laid off 237 employees, or roughly 6% of its workforce, due to operating cost constraints and demand issues confronting the San Francisco-based freight solutions provider. Motive CEO Shoaib Makani stated that the company experienced rapid growth over the last two years, increasing from 1,450 to 3,700...
ArcBest’s CFO is retiring, and the company is looking for a replacement.
ArcBest announced on Monday that CFO David Cobb will retire in October 2023. The company is seeking his replacement. Cobb's 17-year tenure at ArcBest (NASDAQ: ARCB) saw the company's revenue double to the north of $5 billion. Over that time, the company has developed a transportation and logistics offering that...