M&A Deal Summary

Concur Technologies Acquires Hipmunk

On September 13, 2016, Concur Technologies acquired internet software and services company Hipmunk

Acquisition Highlights
  • This is Concur Technologies’ 6th transaction in the Internet Software and Services sector.
  • This is Concur Technologies’ 9th transaction in the United States.
  • This is Concur Technologies’ 3rd transaction in California.

M&A Deal Summary

Date 2016-09-13
Target Hipmunk
Sector Internet Software and Services
Buyer(s) Concur Technologies
Deal Type Add-on Acquisition

Target

Hipmunk

San Francisco, California, United States
Hipmunk, Inc. is a website and mobile application that help save time and money by comparing top travel sites to show the perfect flight or hotel at the lowest price. Hipmunk offers the most comprehensive travel search, from commercial flights, trains, and charter flights to hotels and vacation rentals through Airbnb.

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Buyer(S) 1

Buyer

Concur Technologies

Bellevue, Washington, United States

Category Company
Founded 1993
Sector Software
Employees3,800
Revenue 545M USD (2013)
DESCRIPTION
Concur Technologies' corporate headquarters in Bellevue, Washington.
Concur Technologies' corporate headquarters in Bellevue, Washington.

Concur is a provider of integrated travel and expense management solutions. Concur Technologies was established in 1993 and is headquartered in Bellevue, Washington.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 12 of 12
State: California M&A 3 of 3
Country: United States M&A 9 of 9
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 TRX

Atlanta, Georgia, United States

TRX, Inc. is a provider of data, software and solutions, primarily in the travel industry. TRX solutions help the world’s top travel agencies, governments and corporations save money and increase efficiency. TRX technology adds visibility and value to travel programs through data intelligence, process automation, and a host of related software and mobile solutions.

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