I’m excited to share some news about how TripIt’s mission to help “decrease the chaos, and increase the peace” for every traveler and business in the world just got a huge boost.
Today, we signed an agreement to be acquired by Concur (Nasdaq: CNQR) in a $120 million transaction (for details, see the press release). For those not familiar with Concur, it’s a company we’ve long admired that provides integrated expense and travel management solutions. Founded in 1993, they’re now a company with annual revenues of $300MM, a market cap of $3B, and over 10,000 companies and 15 million people around the world using their services. We’ve always respected their laser focus, the foresight to see new opportunities in the market, and the courage to embrace change and move faster at meeting market needs before anyone else.
This is where TripIt comes into the picture. TripIt brings a service millions of business travelers love, expertise in creating simple and intuitive user experiences, our fast, “do it for me” technology (the Itinerator!), mobile prowess, a new SaaS service aimed at businesses, and our 40+ rock-star team who can innovate and execute faster and smarter than the best of them.
This combined entity is great news for all of you--our loyal travelers, developers, partners, and business customers. Moving forward, TripIt will be able to develop and innovate faster, continue to offer great customer service, expand our customer base, and leverage the expertise and support Concur has to offer to solve the tough travel problems that still exist today.
So TripIt will continue to be offered as it is today, but better and more available to travelers and companies everywhere. All of our employees are now Concur employees and our offices are still here in San Francisco.
I’m invigorated. I see this as a new beginning. We climbed up the hill to this point, but we’re not resting on our laurels. There are more opportunities, challenges, and adventures ahead. With Concur we’ll expand our presence among current customers, tackle the unmanaged travel space, reach out to new geographies, and go where no travel company has gone before. Watch us. This next part of our journey is going to be a great one and I’d be honored if you join us.
Want to know more about the Concur and TripIt collaboration? Read Concur's blog post or take a look at our FAQs.
I am a weekly user of TripIt Pro and of Concur. I hope they are able to combine the best of both operations. They will be a powerful combination if they do it right. That is a big if for any intergration.
Posted by: Nkromberg | February 08, 2011 at 05:32 AM
Its true It makes it so easy for me as a traveller to book trips and create expense reports. Don't know much about TripIt but trust in Concur to make the service even better!!
Posted by: Danny DeMichele Entrepreneur | February 08, 2011 at 11:39 PM
Great,I also have the misfortune to have to use Concur at my work, and that is not a pleasant experience..
Posted by: Appraiser Now | February 09, 2011 at 04:26 AM
I wasn't familiar with either of them-Concur and TripIt.its good knowing about them and hope so that they are able to combine the best of both operations...and give best services combinely...
Posted by: gatehouse academy review | February 12, 2011 at 10:38 AM
Anyone notice the two Pro-Concur posts have "Don't know much about TripIt but trust in Concur to make the service even better!!" exactly the same in it? Down to the double-exclamation...
Posted by: viper | February 13, 2011 at 05:10 PM
I share the same thoughts
Posted by: Airport Lounges | February 16, 2011 at 09:01 AM
If they think they are going to win over us by refusing to make any concession, they are mistaken~
Posted by: juicy diaper bags | February 17, 2011 at 06:03 PM
This is terrible news. Just threw my (empty) coffee mug at the wall.
Posted by: Robert | February 24, 2011 at 06:54 AM
Well that's nice, There are more opportunities, challenges, and adventures ahead.
Posted by: RobertsCottages20.com | February 25, 2011 at 11:31 PM
Good luck and I actually hope that you as TripIt can fight the absorption of a massive concern like Concur. I also have the setback to be forced to use Concur at my work, and that isn't a pleasing experience..
Posted by: william | April 25, 2011 at 05:46 PM
Well this book trips and create expense reports. Don't know much about TripIt but trust in Concur to make the service even better!!
Posted by: Income at Home | June 29, 2011 at 06:13 AM
Good luck and I really hope you as TripIt can resist the assimilation of a huge corporation like Concur. I also have the misfortune to have to use Concur at my work, and that is not a pleasant experience..
Best wishes and fingers crossed that you can resist the assimilation and continue to be great!
Posted by: cb niche blueprint | July 06, 2011 at 01:07 PM
Concur was a nightmare. Its non-intuitive UI was a frustrating time-suck for anyone forced to "use" it. Screaming and swearing was common. I even had superiors who made their secretaries and assistants do it for them because everything took so long and was such a pain.
Posted by: Jesus Castillo - Culturismo sin Tonterias | July 17, 2011 at 12:45 PM
TripIt well, in good time will grow ever more in the world of travel. Consider that to be acquired by Concur in 120 millions of dollars is because you are the best.
Posted by: jorge | empresas de afiliados | July 24, 2011 at 11:43 AM
Congrats !!!
Posted by: WilliamLR | August 12, 2011 at 12:53 PM
please comment regarding the issue we are trying to post
Posted by: Yoel | August 15, 2011 at 11:30 AM
TripIt is is going on the right track! hope so that they are able to combine the best of both operations...and give best services combinely...
Posted by: Cross Country Home Services | September 01, 2011 at 01:57 AM
Good luck for your new voyage with Concur..........hope Tripit will reach the place where no travel company has gone before.
Posted by: Travel | September 12, 2011 at 08:51 AM
As a former user of Concur, I agree with many of these posts in regards to past performance of the app and the lack of UI friendliness. While I haven't used it lately, those that I have spoken to in the industry tell me that it has improved considerably. Lets not condemn this acquisition based upon what's in the past. The dynamic small team of 40 at Tripit is probably just what Concur needs to continue improving in a sluggish me-too marketplace. JMHO ;-)
Posted by: Find a Hotel | October 26, 2011 at 06:44 AM
This combined entity is great news for all of your loyal travelers, developers, partners, and business customers.
Posted by: Jagadguru Kripalu Parishat | November 16, 2011 at 05:36 AM
I think Tripit with Conqur on Google Apps Marketplace makes a real good combination.. I would like to see how does the upcoming smartphone apps integrate with the day to day work for the demanding businesses...
Posted by: Business Consultant | February 04, 2012 at 05:44 PM
TripIt is wonderful. Concur,. however, is a nightmare to use and not at all user-friendly.
Posted by: ColleenLindsay | February 10, 2012 at 10:22 AM
Sounds like a good partnership! Thanks for the post and good luck.
Posted by: Matthew Rigby | April 02, 2012 at 01:43 PM