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Say hello to the latest cloud company to take an investment at a valuation of more than $1 billion. Coupa Software, a cloud startup that aims to help companies manage and control their spending, has closed an $80 million investment round.
New York City-based CA (Nasdaq: CA) said Rally agreed to be acquired for $19.50 per share, which would total about $480 million. The deal is scheduled to close this fall, in CA’s second fiscal quarter.

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