M&A Deal Summary

Concur Technologies Acquires TRX

On July 16, 2013, Concur Technologies acquired software company TRX

Acquisition Highlights
  • This is Concur Technologies’ 4th transaction in the Software sector.
  • This is Concur Technologies’ 8th transaction in the United States.
  • This is Concur Technologies’ 1st transaction in Georgia.

M&A Deal Summary

Date 2013-07-16
Target TRX
Sector Software
Buyer(s) Concur Technologies
Deal Type Add-on Acquisition
Advisor(s) Fairmount Partners (Financial)

Target

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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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 11 of 12
Sector: Software M&A 4 of 4
Type: Add-on Acquisition M&A Deals 11 of 12
State: Georgia M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 GDSX

Dallas, Texas, United States

GDSX provides cloud-based tools and services that enable mid-office automation, pre-trip authorization, trip disruption solutions and a centralized trip repository.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 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.

Buy -