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June 7, 2011 02:16 pm GMT
Concur, a provider of integrated travel and expense management solutions and recent purchaser of TripIt, has acquired London-based GlobalExpense, a company that specializes in Web-based expense management solutions.Concur has agreed to cough up 12 million ($19.7 million) for the acquisition of the privately held company, plus a performance-based earn-out of up to 2 million ($3.3 million).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-7C2lnmtnp8/
Concur Acquires UK Company GlobalExpense For Up To $23 Million
Concur, a provider of integrated travel and expense management solutions and recent purchaser of TripIt, has acquired London-based GlobalExpense, a company that specializes in Web-based expense management solutions.Concur has agreed to cough up 12 million ($19.7 million) for the acquisition of the privately held company, plus a performance-based earn-out of up to 2 million ($3.3 million).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-7C2lnmtnp8/
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