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Concur acquires TRX, Inc.

Based in Atlanta, TRX offers solutions that enhance TMC efficiency through automation while also providing TMCs with a powerful data and analytics capability for their customers.

BELLEVUE, WASH. – Concur, global leader in integrated travel and expense management, announced it acquired TRX, Inc., a leader in travel data and Travel Management Company  mid-office technology solutions.

Based in Atlanta, TRX offers solutions that enhance TMC efficiency through automation while also providing TMCs with a powerful data and analytics capability for their customers. These products lead to a higher level of service for TMC customers, while giving corporate travel managers the tools they need to gain increased control and visibility over their managed travel programs. By consolidating data records from a variety of sources, including credit card issuers and networks, back office travel systems, hotel suppliers, airlines, and GDSs, customers have a more accurate view of their total travel spend – including transactions that happen outside a managed travel program.

In addition to its analytics and mid-office solutions, TRX operates business process outsourcing and call center business units that are not aligned with Concur’s strategies. Concur plans to continue operating these business units and serving related customers while conducting a process to identify strategic partners that are better positioned to support the ongoing operations.

The terms of the acquisition were not disclosed. Concur plans to provide updated guidance on July 31, 2013 when it reports financial results for the fiscal 2013 third quarter and conducts its regularly scheduled conference call.

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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