A software development company from Ireland will merge with its hardware arm, with the combined company to be called coupa, to create an asset management and software developer company, according to a report.
The deal is being done by an Irish law firm, the law firm is said to be named for the Irish prime minister, Leo Varadkar, who was a founder of the company.
The company has already built a number of successful products, including a payment software company called eSign, which is now owned by Paychex.
Coupa, based in Cork, will be able to work with clients who have a need for asset management software for their own businesses.
The company, which will be based in Dublin, will also provide software to companies that use its services to help them improve their processes and processes, said the report.
It is not clear if the new company will have the resources to compete with PaycheX, but it is understood the merged company could provide a competitor to Payche.COUPA is already in the process of hiring more employees and building out its business.
It is understood there will be an office in Dublin as well as an office across the border in Barcelona.