Concur Technologies Acquires TripIt for $120,000,000

  • Feed Type
  • 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 [email protected] 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
  • Proceeds Purposes
  • 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.

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