Concur Buys GDSX And TRX

Concur announced it acquired TRX and "substantially all of the assets" of GDSX.

Concur said it would integrate technologies from GDSX and TRX to "enable travel management companies, partners and third-party developers to enhance existing services and drive innovation in a way that benefits the entire travel ecosystem."

According to Concur chairman and CEO Steve Singh, "By integrating GDSX and TRX into the Concur T&E Cloud, we will enable seamless linking to suppliers, technology providers, corporations, and travelers. For our TMC clients, this will help to create efficiency and value throughout the travel ecosystem."

The acquisitions appear to leave Cornerstone Information Systems as the leading independent mid-office and data analytics technology provider in the United States.

Concur did not announce terms of the deals.