Posted May 3, 2007 - New York City

Concur Partners With Citi, Reports Record Revenue, Plans Next Version

Concur Technologies said it signed a new "strategic channel relationship" earlier this year offering travel booking and expense management solutions to all global Citigroup corporate card clients. Citi joins such other Concur distribution partners as ADP, Bank of America and travel management companies including BCD Travel.

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Posted by: Jay Campbell | More by Jay Campbell
Posted March 21, 2007 - New York City

Air Canada Knocks Wal-Mart After WestJet Deal

Canada's WestJet today said it was named Wal-Mart's preferred airline in Canada. While announcements about corporate preferred airline partnerships are in themselves rare, the unusually strong response from Air Canada may be unprecedented.

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Posted by: Jay Campbell | More by Jay Campbell
Posted February 8, 2007 - Lombard, IL

Faster Adoption Boosts Concur Revenues

Faster adoption of its end-to-end platform helped online booking and expense vendor Concur Technologies post record revenues of $29.2 million, 52 percent more than a year earlier and $1.7 million more than it expected, in its first fiscal quarter that ended Dec. 31. "Compared to the same quarter two years ago, revenue has more than doubled," Concur chairman and CEO Steve Singh told investors during a conference call last week.

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Posted February 6, 2007 - New York City

Air Canada Presses Passes

Despite its availability only through Air Canada's Web site, the airline's Flight Pass advance bulk buying program is showing "runaway success" that is prompting third-party technology developers and global distribution system firms to reprogram so they, too, may sell the product.

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Posted by: Jay Campbell | More by Jay Campbell
Posted February 5, 2007 - New York City

GUEST: Rose on Emerging Technology

Travel Tech Consulting's Norm Rose contributes a GUEST piece on technology's cutting edge.

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Posted by: TravelTech | More by TravelTech
Posted January 30, 2007 - New York City

Total Travel Mgmt. Files for Bankruptcy Protection

Total Travel Management this month filed for Chapter 11 bankruptcy protection in the Eastern Michigan district of U.S. Bankruptcy Court. According to owner Linda Lossing, the Troy, Mich. company is not the same entity as the Global Experts in Travel travel management company/network that services such auto industry accounts as DaimlerChrysler and Delphi. However, a court filing describes TTM as "doing business as" Global Experts in Travel (GET).

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Posted by: Jay Campbell | More by Jay Campbell
Posted December 15, 2006 - Lombard, IL

ANALYSIS, GDS Part Two: Buying Spree Hits Travel

A buying spree by cash-rich private equity firms is reaching into the travel sector with the proposed buyouts of Sabre Holdings, Harrah's and Qantas, and completed deals for Travelport--now trying to buy Worldspan--Fairmont Hotels & Resorts and Four Seasons Hotels. With billions of dollars more on hand, it's a safe bet that these won't be the last travel acquisition targets. But less clear is the long-term impact of such deals on these companies and the travel sector.

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Posted December 5, 2006 - Lombard, IL

Concur Ends Fiscal Year With Record Sales

Booking and expense provider Concur Technologies yesterday reported record fiscal fourth quarter sales, but lower profits due to an income-tax provision. Faster adoption of its Web-based expense applications and Cliqbook travel booking tools fueled sales of $27.5 million in the quarter, 40 percent more than a year ago and $1.5 million more than expected. For its fiscal year ended Sept. 30, Concur reported revenue of $97.1 million, 35 percent more than in 2005.

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Posted November 29, 2006 - New York City
Charles Petruccelli

INTERVIEW: Amex Business Travel President Charles Petruccelli

American Express Business Travel president Charles Petruccelli this week spoke with The Beat founder Jay Campbell about a handful of topics, including his new vision for measuring corporate travel budgets, profit growth resulting from standardization and scale in online transactions, and how he differs from at least one technology product executive on client flexibility. An excerpt follows.

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Posted November 14, 2006 - Hollywood, Calif.

Amex Buys a Piece of Rearden

American Express has taken an equity stake in Rearden Commerce and will market a re-branded version of its employee business services platform, the companies will announce today.

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Posted by: Jay Campbell | More by Jay Campbell
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