Concur to Acquire Hipmunk

concurConcur, a provider of integrated travel and expense management solutions, is to acquire Hipmunk, a provider of travel search products.

With the acquisition, expected to close in October 2016, the Hipmunk team and their innovations will help Concur deliver consumer-grade products to corporate customers.

Led by Adam Goldstein, co-founder and CEO, Hipmunk provides a site and mobile platform to compare top travel sites to show the perfect flight or hotel at the lowest price. The company offers a comprehensive travel search, from commercial flights, trains, and charter flights to hotels and vacation rentals through Airbnb.
Its new A.I.-powered personal travel assistant, Hello Hipmunk, allow users to get instant planning and booking recommendation.

Led by Elena Donio, President, Concur, a SAP (NYSE: SAP) company, offers cloud-based services that allow users to manage travel and expenses. Its 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.




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