Coupa, a portfolio company of Thoma Bravo, has acquired Tonkean in a transaction reportedly valued at hundreds of millions of dollars.
Tonkean develops an AI-powered workflow automation and orchestration platform and has established itself as a prominent player in the no-code and enterprise automation space.
The transaction reflects the continued expansion of enterprise AI automation solutions and growing market demand for technologies that enable organizations to streamline complex internal workflows.
Our firm represented Magma Venture Partners in this transaction.
The deal team included Roy Caner, Jonathan Achiron, and Shahar Amshalom.
