Concur Buys TripIt For $120 Million
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Mobile travel application and expense management company TripIt has announced that they have been acquired for $120 million by Concur Technologies, Inc. (NASDAQ:CNQR). Concur bought TripIt for $27 million in cash, $44 million in stock, and $38 million in cash contingency. TripIt’s employees will remain in San Francisco.