Concur To Acquire TripIt

Jay CampbellJanuary Jan 13, 2011

Concur last spring raised $250 million, partly for strategic acquisitions. Today, the company announced it was deploying some of that cash as part of an $82 million deal to acquire TripIt. With Concur stock and additional considerations that could increase its total monetary value to $120 million, the acquisition is expected to close by mid-February.

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