SAP Concur

SAP Concur, founded in 1993 and headquartered in Bellevue, Washington, specializes in developing integrated travel and expense management solutions. The company aims to transform travel, expense, and invoice management by providing tools that simplify everyday processes and enhance user experiences. SAP Concur offers a fully connected spend management solution that encompasses travel, expense, invoice, compliance, and risk management, catering to businesses of all sizes. With a focus on innovation and a dynamic ecosystem of partners, SAP Concur helps organizations reduce complexity and gain valuable insights into their spending, allowing for proactive management of expenses. The company also established a joint venture in Tokyo, Japan, to meet the growing demand for cloud computing and mobile solutions in the region.

John Torrey

Executive Vice President of Corporate Development

25 past transactions

Hipmunk

Acquisition in 2016
Hipmunk, Inc. is a travel search platform designed to simplify the travel planning process. Founded in 2010 and based in San Francisco, the company allows users to compare a wide range of travel options, including commercial flights, trains, charter flights, hotels, and vacation rentals. Its website and mobile applications present flight results in a visual timeline, enabling users to easily identify the best options, while hotel listings are displayed on a map to highlight proximity to local landmarks. Additionally, Hipmunk offers services for rental cars and vacation packages, aiming to provide a comprehensive and efficient travel booking experience. As of October 2016, Hipmunk operates as a subsidiary of Concur Technologies, Inc.

Cleartrip

Venture Round in 2016
Cleartrip is an online travel platform based in Bengaluru, India, that enables users to search for and book flights, train tickets, hotel reservations, and travel packages. The company's website serves as a travel aggregator, allowing travelers to manage their entire reservation process from various sources on a single platform. Cleartrip emphasizes simplicity, reliability, and user-friendly experiences, aiming to provide comprehensive travel services that meet the needs of its customers. Through its offerings, Cleartrip seeks to enhance the travel planning experience by making it more accessible and efficient.

StayNTouch

Series A in 2016
StayNTouch, LLC is a provider of hotel management software that focuses on enhancing hotel operations and guest experiences through its innovative Software as a Service (SaaS) solutions. Founded in 2012 and headquartered in Bethesda, Maryland, with additional offices in Munich and Singapore, the company offers a suite of products designed to streamline hotel management. This includes Rover, a mobile property management system (PMS), and Zest, a guest interface platform that facilitates mobile check-in and check-out, room upgrades, and upsells. StayNTouch's technology enables hotels, resorts, and casinos to improve service levels, boost revenue, and foster guest loyalty by integrating self-service capabilities and simplifying operational processes. The company operates as a subsidiary of MCR Investors LLC, reflecting its ongoing commitment to transforming the hospitality industry through advanced technology solutions.

LoungeBuddy

Series A in 2015
LoungeBuddy, Inc. is a mobile application developer based in San Francisco, California, that provides travelers with short-term access to airport lounges worldwide. Founded in 2013, the company enables users to discover, book, and access various airport lounges, enhancing their travel experience for a one-time fee. LoungeBuddy operates as a subsidiary of American Express Travel Related Services Company, Inc. The platform addresses the issue of excess capacity in airport lounges, which can accommodate over 350 million entries annually but currently receive fewer than 250 million. This excess capacity represents a significant market opportunity. LoungeBuddy has developed a patent-pending, real-time inventory management system that allows lounge operators to optimize passenger flow and maximize revenue. The platform also supports transactions for various partners, including online travel agencies, travel management companies, and airlines, positioning LoungeBuddy as a key player in the evolving airport lounge industry.

Cleartrip

Venture Round in 2014
Cleartrip is an online travel platform based in Bengaluru, India, that enables users to search for and book flights, train tickets, hotel reservations, and travel packages. The company's website serves as a travel aggregator, allowing travelers to manage their entire reservation process from various sources on a single platform. Cleartrip emphasizes simplicity, reliability, and user-friendly experiences, aiming to provide comprehensive travel services that meet the needs of its customers. Through its offerings, Cleartrip seeks to enhance the travel planning experience by making it more accessible and efficient.

Table8

Series A in 2014
Table8 is a dining guide available as both an app and a website, designed to help users find and book restaurant reservations and culinary experiences across the United States. The platform offers a seamless process for browsing and securing reservations, eliminating the need to navigate multiple sites for information on ratings, availability, and menus. With a curated catalog of dining options, Table8 features expert-selected restaurants and culinary events, rated on a 100-point scale across 28 categories, such as "Best Cocktail Program" and "Best Japanese." This system aids diners in making informed choices about their dining experiences, which include exclusive events like chef collaborations and unique pop-ups.

Yapta

Series D in 2013
Yapta, Inc. specializes in airfare and hotel price tracking solutions designed for both corporate and personal travelers. Founded in 2006 and based in Seattle, the company offers several key services: FareIQ, which provides intelligent price tracking and alerts for airfare savings; RoomIQ, which monitors hotel bookings for price reductions and additional amenities; and TravelAI, an analytics tool that captures and analyzes pricing data for airfares and hotel rates. Yapta also assists personal travelers by offering price tracking services for flights, rental cars, and airline refunds, ensuring users can maximize their travel budgets. As of December 2019, Yapta operates as a subsidiary of Coupa Software Incorporated.

Alminder

Seed Round in 2013
Alminder, Inc. makes Mynd Calendar, an intelligent mobile calendar app for iPhone that acts like a virtual assistant, making your life easier at home and work and saving you time. It learns where you spend your time and who you meet along the way, becoming increasingly helpful the more you use it. It syncs with all of your existing calendars and can be used instead of your Apple calendar on your iPhone. Unlike other so-called 'smart calendars,' Mynd Calendar's sophisticated algorithms identify the places you're going within the content of your calendar events and accurately predict (even in advance) how much buffer time you need to schedule between meetings given the typical traffic at that time of day. As you get closer to your appointments, Mynd Calendar tells you when to leave, based on current traffic conditions and launches your favorite navigation app to get you to your appointment on time. Mynd Calendar also: -Notifies you when you're running late and lets you easily email, call or text the people who need to know from within the calendar. -Automatically identifies conference call numbers and facilitates easy, one-click dial-in. -Discovers the people listed in your calendar events and looks up their LinkedIn profiles and information from your address book, so you know who you’re meeting with and can get in touch with them directly from your calendar. -Pulls in your relevant Evernote notes so that you're always prepared for your next meeting. -RSVP to meeting invites. -Tells you the weather at both where you are and where you're going.

Visage Mobile

Venture Round in 2013
Visage Mobile, Inc. is a provider of enterprise mobility management solutions headquartered in Milwaukee, Wisconsin. The company offers a cloud-based platform called MobilityCentral, which facilitates wireless expense management through comprehensive reporting and analytics. This platform consolidates invoices, normalizes data from various carriers, and generates actionable metrics and optimization recommendations. Visage Mobile also delivers personalized analysis through VisagePulse and offers international travel alert solutions. Additionally, the company provides services such as wireless account optimization, device recycling, device refurbishing and redeployment, mobile device management, kitting and staging, and helpdesk support. Founded in 2001, Visage Mobile specializes in reducing communications costs for businesses by leveraging proprietary software and expert analysis.

Trover

Seed Round in 2013
Trover is a photo-sharing platform designed for travelers, enabling users to contribute location-tagged images and experiences from various destinations worldwide. Accessible through both a website and an iPhone app, it fosters a community where individuals can share their discoveries, gain recognition, and seek inspiration for future travels. The platform features hundreds of thousands of annotated photos across 175 countries, showcasing diverse activities, sights, and culinary experiences. Founded by Jason Karas and Rich Barton, Trover operates out of Seattle and has received funding from notable investors including Concur, Benchmark Capital, General Catalyst Partners, and Ignition Partners.

StayNTouch

Seed Round in 2013
StayNTouch, LLC is a provider of hotel management software that focuses on enhancing hotel operations and guest experiences through its innovative Software as a Service (SaaS) solutions. Founded in 2012 and headquartered in Bethesda, Maryland, with additional offices in Munich and Singapore, the company offers a suite of products designed to streamline hotel management. This includes Rover, a mobile property management system (PMS), and Zest, a guest interface platform that facilitates mobile check-in and check-out, room upgrades, and upsells. StayNTouch's technology enables hotels, resorts, and casinos to improve service levels, boost revenue, and foster guest loyalty by integrating self-service capabilities and simplifying operational processes. The company operates as a subsidiary of MCR Investors LLC, reflecting its ongoing commitment to transforming the hospitality industry through advanced technology solutions.

TRX

Acquisition in 2013
TRX, Inc., a travel technology and data services provider, offers software-as-a-service utilities for online booking, reservation processing, data intelligence, and process automation. The company delivers its technology applications as a service over the Internet to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. Its hosted technology suite includes Data Reporting suite that enables the aggregation, enhancement, extraction, and reporting of transaction data; Reservation Processing, a suite of utilities that processes clients' travel data records, such as automated quality control, file finishing, and electronic ticketing, including low fare searches, seat assignments, upgrades, and alternate route and carrier searches; and Online Booking suite that offers an interface for business travelers and/or their travel arrangers to book policy-compliant air, car, and hotel reservations and manage their travel preferences. TRX, Inc. sells its tools primarily through its distributor program that supports corporate travel agencies in North America, Europe, and Asia. The company was incorporated in 1999 and is headquartered in Atlanta, Georgia.

ConTgo

Acquisition in 2013
ConTgo offers a global software-as-a-service technology platform designed to assist companies in tracking, locating, and communicating with their travelers. By integrating mobile services, the platform allows organizations to access real-time traveler data, enhancing their ability to deliver timely communication and services to travelers. This flexible and dynamic cloud-based solution is tailored for businesses seeking to improve their travel management and ensure the safety and efficiency of their travel operations.

Room 77

Series C in 2013
Room 77, Inc. is a hotel metasearch platform based in Sunnyvale, California, founded in 2009. The company offers travelers an advanced hotel shopping experience by allowing them to compare prices across major online travel agencies and book from over 200,000 hotel rooms worldwide. Users can explore various room types, preview views from each room, and utilize interactive floor plans to assess room locations. Additionally, Room 77 provides access to a complimentary Room Concierge for guests booking 4- or 5-star hotels or stays exceeding $400, leveraging its proprietary RoomMatch technology to identify optimal room selections tailored to individual preferences. As of March 2019, Room 77 operates as a subsidiary of HotelPlanner.com.

Nor1

Series B in 2012
Nor1, Inc. is a technology company that specializes in data-driven merchandising solutions for the travel industry, particularly hotels, resorts, and airlines. Founded in 2004 and headquartered in Santa Clara, California, with additional offices in Singapore, Frankfurt, and San Jose del Cabo, Nor1's offerings include eStandby Upgrade, a pre-arrival upsell solution; eReach, a customer merchandising platform; eFDU, which supports front desk teams in delivering upsell offers; and PRiME, a real-time pricing and merchandising engine. The company's innovative solutions are designed to maximize revenue and enhance brand loyalty by leveraging real-time data and customer feedback to tailor upsell opportunities for individual guests. As of December 2020, Nor1 operates as a subsidiary of Oracle Corporation.

Evature

Seed Round in 2012
Evature, based in Israel, specializes in developing an Expert Virtual Agent (EVA) technology tailored for the travel industry. This innovative system utilizes advanced natural language processing, artificial intelligence, and machine learning to enable free-text search and conversational interactions. EVA efficiently understands and processes customer travel requests expressed in natural language, facilitating seamless communication. It is designed to improve the operational efficiency of travel agencies and websites by reducing costs and enhancing productivity. The technology can also escalate conversations to human agents when necessary, ensuring a responsive and personalized customer experience. By leveraging insights from millions of transactions, EVA supports both voice and text communication across various channels, making it a versatile tool for the travel sector. As of September 2017, Evature operates as a subsidiary of Booking.com B.V.

buuteeq

Series B in 2012
buuteeq is a Digital Marketing System (DMS) that enables hotels to create and manage high-performing websites, mobile phone content, a Facebook presence, and direct-to-hotel online reservations. The system combines content management, branded digital marketing materials, integrated online reservations, and reporting tools that together offer independent hotels a complete solution to manage their digital marketing efforts. The company launched its buuteeq DMS service in January 2011

Yapta

Venture Round in 2011
Yapta, Inc. specializes in airfare and hotel price tracking solutions designed for both corporate and personal travelers. Founded in 2006 and based in Seattle, the company offers several key services: FareIQ, which provides intelligent price tracking and alerts for airfare savings; RoomIQ, which monitors hotel bookings for price reductions and additional amenities; and TravelAI, an analytics tool that captures and analyzes pricing data for airfares and hotel rates. Yapta also assists personal travelers by offering price tracking services for flights, rental cars, and airline refunds, ensuring users can maximize their travel budgets. As of December 2019, Yapta operates as a subsidiary of Coupa Software Incorporated.

Room 77

Series B in 2011
Room 77, Inc. is a hotel metasearch platform based in Sunnyvale, California, founded in 2009. The company offers travelers an advanced hotel shopping experience by allowing them to compare prices across major online travel agencies and book from over 200,000 hotel rooms worldwide. Users can explore various room types, preview views from each room, and utilize interactive floor plans to assess room locations. Additionally, Room 77 provides access to a complimentary Room Concierge for guests booking 4- or 5-star hotels or stays exceeding $400, leveraging its proprietary RoomMatch technology to identify optimal room selections tailored to individual preferences. As of March 2019, Room 77 operates as a subsidiary of HotelPlanner.com.

GlobalExpense

Acquisition in 2011
GlobalExpense is a leading provider of expense management solutions in Europe, specializing in web-based software products that ensure tax, audit, and VAT compliance. The company offers a comprehensive range of services, including receipt processing, aimed at enhancing process efficiency and reducing costs for its clients. With a focus on legislative compliance, GlobalExpense works closely with businesses to streamline their expense management processes.

Cleartrip

Venture Round in 2011
Cleartrip is an online travel platform based in Bengaluru, India, that enables users to search for and book flights, train tickets, hotel reservations, and travel packages. The company's website serves as a travel aggregator, allowing travelers to manage their entire reservation process from various sources on a single platform. Cleartrip emphasizes simplicity, reliability, and user-friendly experiences, aiming to provide comprehensive travel services that meet the needs of its customers. Through its offerings, Cleartrip seeks to enhance the travel planning experience by making it more accessible and efficient.

SAP Concur

Series A in 2011
SAP Concur, founded in 1993 and headquartered in Bellevue, Washington, specializes in developing integrated travel and expense management solutions. The company aims to transform travel, expense, and invoice management by providing tools that simplify everyday processes and enhance user experiences. SAP Concur offers a fully connected spend management solution that encompasses travel, expense, invoice, compliance, and risk management, catering to businesses of all sizes. With a focus on innovation and a dynamic ecosystem of partners, SAP Concur helps organizations reduce complexity and gain valuable insights into their spending, allowing for proactive management of expenses. The company also established a joint venture in Tokyo, Japan, to meet the growing demand for cloud computing and mobile solutions in the region.

TripIt

Acquisition in 2011
TripIt is an intelligent travel organizer designed to help travelers streamline their travel plans. By simply forwarding purchase confirmation emails, users can automatically generate master itineraries that consolidate essential travel information, including flights, hotels, rental cars, trains, and cruises. This service allows travelers to easily access, print, and share their itineraries and travel calendars with others in their TripIt network, enhancing the overall travel experience. TripIt serves as an open platform for integrating and organizing travel information from multiple sources, ensuring that plans are well-coordinated and accessible from anywhere.

Etap-On-Line

Acquisition in 2009
Etap-On-Line, founded in 1993 and based in Paris, France, develops and markets information technology solutions specifically for the travel and tourism sector. The company specializes in business travel and expense management software targeted at small and medium enterprises, operating under the Ulysse Travel & Expenses brand. Since its acquisition by Concur Technologies in 2009, Etap-On-Line has catered to a diverse clientele, including notable companies such as BNP Paribas, Carrefour, Credit Agricole SA, France Telecom, L'Oreal, LVMH, and Saint Gobain.

Curb

Series B in 2009
Curb, founded in 2007 and based in Long Island City, New York, is a mobile application that connects users with professional drivers for reliable ground transportation. Initially launched as RideCharge, the platform evolved into Taxi Magic, the first mobile app for on-demand ride orders, before rebranding to Curb in 2014. This transformation aimed to enhance the ride experience by leveraging technology to address common challenges faced by travelers. Curb facilitates the booking of taxis, sedans, and other for-hire vehicles, offering users a seamless and efficient transportation network across 60 U.S. cities. The Curb platform, which includes features for electronic booking and payment management, serves a nationwide network of 35,000 taxis from various fleets, ensuring a reliable and convenient option for riders. Curb's commitment to improving the user experience has positioned it as a leading contender in the travel and tourism sector within mobile app marketplaces.
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