Add-on Acquisition • Internet Software and Services

MobileXpense Acquires Declaree

On June 20, 2019, MobileXpense acquired internet software and services company Declaree

Acquisition Context

This is MobileXpense’s 1st transaction in the Internet Software and Services sector.
This is MobileXpense’s 1st transaction in the Netherlands.

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M&A Deal Summary
Date	June 20, 2019
Target	Declaree
Sector	Internet Software and Services
Buyer(s)	MobileXpense
Deal Type	Add-on Acquisition

Target Company

Declaree

Rotterdam, Netherlands

Declaree is an online expense management solution; a native smartphone app to digitize all (travel) expenses instead of completing monthly declaration forms in Excel or on paper. Declaree is used by employees to digitize receipts, mileages, daily allowances, and other reimbursable costs. Declaree stores all receipts online, where managers can review and approve all expenses and link them directly to the accounts - as easy as a single mouse click. Declaree was founded in 2014 and is based in Rotterdam, Netherlands.

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Buyer Overview 1

Buyer

MobileXpense

Brussels, Belgium

Category	Company
Founded	2000
Sector	Software

DESCRIPTION

MobileXpense is an expense management group. MobileXpense digitalizes a process that used to be paper or excel based in past, allowing to efficiently control & reduce expenses. MobileXpense was founded in 2000 and is based in Brussels, Belgium.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Internet Software and Services	1 of 2
Type: Add-on Acquisition	1 of 2
Country: Netherlands	1 of 1
Year: 2019	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-01-31	Dicom Expense AB Stockholm, Sweden Dicom Expense AB is a provider of smart cloud service and mobile app today streamlines the accounting of over 1500 companies’ card invoices, travel bills, and receipts digitally. Dicom Expense is based in Stockholm, Sweden.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-01-31

Dicom Expense AB

Stockholm, Sweden

Dicom Expense AB is a provider of smart cloud service and mobile app today streamlines the accounting of over 1500 companies’ card invoices, travel bills, and receipts digitally. Dicom Expense is based in Stockholm, Sweden.

Buy

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