Coupa Acquires Tonkean to Build Agentic Procurement Network

Coupa, the cloud-based business spend management (BSM) platform, announced its acquisition of Tonkean, the agentic intake and orchestration platform, on May 21, 2026, in Foster City, California. According to the announcement, this acquisition positions Coupa as the sole provider of fully integrated, Agentic-as-a-Service capabilities. This technology will power automated agentic workflows for Coupa's massive global network, which connects more than 3,500 buyers with 10 million suppliers.

"This is a deliberate, strategic step toward building the #1 agentic trade network and delivering autonomous spend management at speed and scale like no one else in the market," said Salvatore Lombardo, Chief Product and Technology Officer of Coupa.

According to Leagh Turner, the CEO of Coupa, the company seeks to deliver the promise of increasingly autonomous execution of transactions between buyers and suppliers. To achieve this, the three main requirements listed by Turner are industrial-grade and unified orchestration, best-in-class buyer and supplier workflows, and clean, trusted data. Tonkean provides industrial-grade orchestration and workflows to manage and automate complex operations for Coupa.

"With the acquisitions of Rossum and Tonkean, in short order, we have now amassed all the assets to make this promise possible for both buyers and suppliers at a time when buying and selling is getting more complex and costly," said Turner.