Concur Technologies Acquires TripIt for $120,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aae519da-e671-4ff5-b2a3-11ed937e931d&Preview=1 -
Date
1/13/2011 -
Company Name
TripIt -
Mailing Address
444 De Haro Street San Francisco, CA 94107 -
Company Description
TripIt is an online service that helps travelers organize all their travel plans—no matter where they booked. To get started, travelers just forward their travel confirmation emails to plans@tripit.com. TripIt processes these emails and automatically creates a master itinerary with travel plans, daily weather, local maps, restaurant reservations, city guides and more. With TripIt, travelers can print, access, and share their travel plans online, from a mobile device, or even in their personal calendar. -
Website
http://www.tripit.com -
Transaction Type
M&A -
Transaction Amount
$120,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The transaction is worth as much as $120M. Concur said it will pay $82M in cash, stock, and unrestricted stock units upfront, plus earnout.
