Hear from Approyo CEO, Christopher Carter, as he shares his opinion about this big announcement.
Concur, an SAP company and the world's leading provider of integrated travel and expense management solutions, announced on September 14 that it has signed a definitive agreement to acquire Hipmunk, a leader in travel search innovation. The Hipmunk team and their innovations will further Concur's strategy to deliver consumer-grade products to corporate customers. The transaction is expected to close in October 2016.
As evident in Concur's recent acquisition of TripIt, development of ExpenseIt and investment in ClearTrip, Concur has a long-held strategy of partnering with, investing in, acquiring or building consumer apps. These investments yield learnings and capabilities that enable Concur to ultimately deliver consumer-grade products to corporate customers.
Here is what Elena Donio, President of Concur has to say about this announcement:
"We are excited to welcome Hipmunk, the innovation leader in travel search, to the Concur and SAP family," said Elena Donio, President of Concur. "Concur has always strived to provide the best experience for travelers on our platform and we're confident Hipmunk will continue to delight consumers while informing the innovation agenda for our corporate clients."
Who is Hipmunk?
Hipmunk is known for delivering some of the most innovative functionality in the travel industry, particularly features and functionality that are highly relevant to and beloved by frequent travelers. The company was the first to create a website and mobile app that sorts travel results not just by price, but also key factors that are important to business travelers such as duration, stops and hotel location. Additionally, its calendar integration and hotel map search allow business travelers to easily see the best hotel and flight options based on meeting time and location. Lastly, Hipmunk is a leader in the cutting edge space of artificial intelligence-powered travel search and travel bots.
Concur, an SAP company, imagines the way the world should work, offering cloud-based services that make it simple to manage travel and expenses. By connecting data, applications and people, Concur delivers an effortless experience and total transparency into spending wherever and whenever it happens. Concur services adapt to individual employee preferences and scale to meet the needs of companies from small to large, so they can focus on what matters most for their businesses