Tag Archives: TripIt
TripIt Launches App For Kindle Fire
Concur Buys TripIt For $120 Million

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.
San Francisco-Based Travel Start-Up, TripIt Raises $1 Million
“At TripIt, we think technology should make your travel experience simpler, not more complex,” states the single paragraph on the homepage of TripIt.com. TripIt is based in San Francisco and was founded by Gregg Brockway, a Hotwire.com co-founder and Exec VP for Corporate Development.
The company announced a couple days ago that it has raised $1 million in Series A funding from O’Reilly AlphaTech Ventures. The announcement was originally found on PE Week.
[Information Source: VentureBeat]
