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April 18, 2011 03:20 pm GMT

Concur Partners With, Invests $40 Million In India's Online Travel Site Cleartrip

Concur, a publicly listed provider of travel and expense management solutions, is teaming up with Cleartrip, one of India's leading online travel portals. The deal encompasses both a strategic marketing partnership and a $40 million investment for a minority stake in the online travel company.Concur recently acquired travel organization and sharing service TripIt for up to $120 million.

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