Like Captio

closed 9/18/2018 via GlobeNewswire

Certify, Inc., acquired Captio

See 1304 Comparable Transactions
synopsis: Certify, the largest independent provider of expense management software, announced the acquisition of Captio, a leading expense provider in Europe. Captio offers an end to end cloud-based expense management platform with robust mobile capabilities and the ability to comply with specific country-based taxation requirements.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. "
 target: Captio
Captio is the leading corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/1/2021 via BNC Analysis

CRED, will acquire Happay

See 3098 Comparable Transactions
synopsis: CRED, a members only credit card bill payment platform in India, will acquire Happay, a leading provider of expense management software in India. Happay provides an AI-powered travel expense management and reporting solution for mid-market and large enterprises. Their software reinvents expense workflow to make it more streamlined and efficient.
buyer: CRED
CRED is a members only credit card bill payment platform in India that rewards its members for clearing their credit card bills on time. CRED members get access to exclusive rewards and experiences from premier brands upon clearing their credit card bills on CRED. "
 target: Happay
Happay is a leading provider of enterprise expense management software in India. Happay provides an AI-powered travel expense management and reporting solution for mid-market and large enterprises. Their software reinvents expense workflow to make it more streamlined and efficient.
price ($mm)
$180
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/11/2022 via Company Press Release

CDS Groupe SAS, acquired Rydoo

See 1326 Comparable Transactions
synopsis: CDS Groupe, the French business hotel marketplace, has acquired Rydoo, formerly Sodexo Travel, from the Marlin Equity fund. Belgium-based Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool.
buyer: CDS Groupe SAS
Created in 2001 by its current CEO, Ziad Minkara, CDS Groupe is an HBT (Hotel Booking Tool) publisher of a platform dedicated to booking overnight stays for a clientele made up of corporates and travel agencies specializing in business travel. business. "
 target parent: Marlin Equity Partners
target: Rydoo
Belgium-based Rydoo offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/4/2022 via BNC Analysis

Grupo Primavera, acquired Cloudware, S.A.

See 3480 Comparable Transactions
synopsis: Grupo Primavera, the business management software leader for SMEs in Spain and Portugal, has acquired Cloudware, a leading provider of cloud business solutions in Portugal. Cloudware enables their clients to more efficiently manage their business. They offer solutions for invoicing, accounting, POS, taxes, expenses, and more.
buyer parent: Oakley Capital Limited
buyer: Grupo Primavera
Grupo Primavera is the business management software leader for SMEs in Spain and Portugal. Grupo Primavera provides cloud-based software solutions through their group companies. They offer solutions for business management, ERP, accounting, billing, CRM, project management, and more. "
 target: Cloudware, S.A.
Cloudware is a leading provider of cloud business solutions in Portugal. Cloudware offers simple and easy-to-use cloud software that enables their clients to more efficiently manage their business. They offer solutions for invoicing, accounting, POS, taxes, expenses, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/17/2021 via Company Press Release

U.S. Bancorp, will acquire TravelBank

See 1300 Comparable Transactions
synopsis: U.S. Bancorp, the parent company of U.S. Bank, has entered into an agreement to acquire TravelBank, a San Francisco-based fintech company that provides an all-in-one, tech-driven expense and travel management solution.
buyer: U.S. Bancorp (USB:$23,391.00)
U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company provides a full range of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. "
 target: TravelBank
TravelBank is a fintech company that provides an all-in-one, tech-driven expense and travel management solution. TravelBank is easy to use for employees and helps businesses control and track expenses, streamline approvals and reporting, and ensure compliance with company policies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2021 via BNC Analysis

Cantec Group, acquired InShip APS

See 1992 Comparable Transactions
synopsis: Irish technology provider Cantec has acquired Dublin-based InShip, an accounts payable automation start-up. InShip was founded in 2016 to develop plug-in services to automate accounting for businesses. Its automation technology integrates with software such as Sage, Xero, and QuickBooks.
buyer: Cantec Group
The Cantec Group is technology provider based in Waterford, Ireland. Cantec offers managed print services, software automation solutions, and graphic design and digital marketing services through its subsidiaries, Docutec, SmartOffice, and Promotive. "
 target: InShip APS
Based in Ireland, InShip is a developer of Automated Accounts Payable Processing software. Fully Integrated, InShip Accounts Payable Automated Processing is a cloud-enabled system, which can be fully integrated into any ERP or accounting back-office solution.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/13/2021 via BNC Analysis

Capital One Financial Corp., acquired Lola.com

See 1323 Comparable Transactions
synopsis: Capital One, the banking company, has acquired Lola.com, a spend and travel management software solution. Lola.com enables finance teams to save time and money on business expenses. Their platform gives everyone visibility and control over spending, automatically keeps teams on budget, and eliminates expense reports.
buyer: Capital One Financial Corp. (NYSE:COF:$30,593.00)
Capital One Financial Corporation is a financial holding company whose subsidiaries have $255.1B in deposits and $373.2B in total assets. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. "
 target: Lola.com
Lola.com is a spend and travel management software solution. Lola.com enables finance teams to save time and money on business expenses. Their platform gives everyone visibility and control over spending, automatically keeps teams on budget, and eliminates expense reports.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/3/2021 via BNC Analysis

Marlin Equity Partners, acquired Rydoo

See 1326 Comparable Transactions
synopsis: Marlin Equity Partners, a global investment firm, has acquired a majority stake in Rydoo, a SaaS software solutions provider for managing business travel and expense reports.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
 target: Rydoo
Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/12/2021 via BNC Analysis

Mercell Holding AS, will acquire Ibistic Technologies

See 2640 Comparable Transactions
synopsis: Mercell Holding AS has signed agreements to acquire 100% of Ibistic International A/S in Denmark and its distributor CTM Solution B.V. (CTMS) in the Netherlands. Ibistic is a Nordic market leader in cloud-based invoicing and expense and travel management, with user-friendly systems for automation and integration with ERP systems.
buyer: Mercell Holding AS (OB:MRCEL-ME:$48.52)
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers. "
 target: Ibistic Technologies
Ibistic is a Nordic market leader in cloud-based invoicing and expense and travel management, with user-friendly systems for automation and integration with ERP systems. Since 2002 they have delivered secure and reliable cloud-based solutions for Invoice handling and Travel & Expense management.
price ($mm)
$4.41
rev ($mm)
$3
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
announced 5/6/2021 via BusinessWire

Bill.com, will acquire Divvy

See 2062 Comparable Transactions
synopsis: Bill.com, a leading provider of cloud-based software for small and midsize businesses (SMBs), will acquire Divvy, an expense management and business budgeting software solution. Divvy's software provides solutions for spend management, expense management, business credit, and AP management.
buyer: Bill.com (:$202.10)
Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Bill.com's AI-enabled financial software platform provides an intelligent way to create and pay bills, send invoices, and get paid. "
 target: Divvy
Divvy is an expense management and business budgeting software solution. Divvy provides real-time visibility into company spend and prevents teams from going over budget. Their software provides solutions for spend management, expense management, business credit, and AP management.
price ($mm)
$2,500
rev ($mm)
$100
EBITDA ($mm)
EV / rev
25.0x
EV / EBITDA
closed 4/15/2021 via BNC Analysis

HRS Group, acquired Itelya GmbH

See 1321 Comparable Transactions
synopsis: HRS, a corporate lodging platform has acquired Itelya, a travel invoice management services provider, this emphasizes HRS’ standing as a traveler-centric lodging leader and a true financial technology provider. Itelya’s services are used in more than 180 countries.
buyer: HRS Group
HRS, based in Germany, is a corporate lodging platform, that is transforming the financial cycle governing corporate hospitality. In an age of digital transformation and comprehensive data visibility, managed travel has largely lagged behind. "
 target: Itelya GmbH
Itelya, based in Germany, is a travel invoice management services provider. They create a whole new world for travel expenses. With smart.billing – a purely cloud-based software – the company facilitates services according to international standards.
price ($mm)
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closed 1/13/2021 via BNC Analysis

TravelPerk, acquired NexTravel

See 1321 Comparable Transactions
synopsis: In a move that significantly expands its presence in the U.S. market, Barcelona-based TravelPerk has acquired corporate travel booking and management provider NexTravel. Founded in 2013 and launched in 2015 from Y Combinator, Santa Monica, Calif.-based NexTravel says it has processed more than 300,000 trips over its booking platform to date. 
buyer: TravelPerk
TravelPerk is an all-in-one business travel management platform in Spain. TravelPerk gives travelers the freedom they want whilst providing companies with the control they need. Their platform makes it easy for businesses to view, track, and manage their travelers. "
 target: NexTravel
NexTravel is a corporate travel booking and management provider. Founded in 2013 and launched in 2015 from Y Combinator, Santa Monica, Calif.-based NexTravel says it has processed more than 300,000 trips over its booking platform.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/17/2020 via PR Newswire

ELMO Cloud HR & Payroll, acquired Webexpenses

See 2592 Comparable Transactions
synopsis: ELMO Software Limited, a cloud-based HR & Payroll software provider based in Australia, has acquired Webexpenses, a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices.
buyer: ELMO Cloud HR & Payroll (ASX:ELO:$37.73)
ELMO is Australia and New Zealand's only integrated cloud HR, payroll, and rostering/time and attendance solution that offers one vendor, one dashboard, and one user-experience. They provide technology to more than 1000 organizations, helping them to manage, engage, and inspire their people. "
 target: Webexpenses
Webexpenses is a global business expense management platform. Webexpenses offers a cloud-based financial management software solution that automates business expenses, travel and invoices. They enable businesses to be more efficient by improving the visibility of their company spending.
price ($mm)
$26
rev ($mm)
$6
EBITDA ($mm)
$1
EV / rev
7.4x
EV / EBITDA
58.3x
closed 10/7/2020 via Company Press Release

Allocate Software Limited, acquired Selenity Limited

See 3692 Comparable Transactions
synopsis: The UK-based Allocate Software group has acquired Selenity Limited, a cloud based provider of HR and finance process management software headquartered in Lincolnshire. The addition of Selenity’s core HR process solutions to Allocate’s workforce platforms will transform the end-to-end people management processes of its 600 customers worldwide.
buyer parent: Vista Equity Partners
buyer: Allocate Software Limited (MSWEF:$25.50)
UK-based Allocate Software is a leading international provider of workforce and resource planning solutions, supporting the operational and administrative needs of healthcare, defence, and maritime sectors. "
 target: Selenity Limited
UK-based Selenity is a leader of cloud-tech providing solutions that reduce costs, increase efficiency, and ensure compliance to HR and Finance departments. Solutions include Selenity ER Tracker, a HR case management system, and Selenity Expenses, a configurable system for both desktop and mobile.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 7/22/2020 via PR Newswire

Everlance, acquired TrackMyDrive

See 1330 Comparable Transactions
synopsis: Everlance, a leading provider of tools for mobile workers, has acquired TrackMyDrive, a web-based and mobile app for logging and tracking business mileage. TrackMyDrive allows users to easily track all of their mileage with their smartphones. The app collects GPS coordinates and provides users with a detailed report and analysis of their trips.
buyer: Everlance
Everlance is a leading provider of tools for mobile workers. Everlance provides an automated mileage and expense tracking app for independent workers. The app is used by everyone from rideshare drivers to Fortune 500 employees, and helps businesses to save time and money. "
 target: TrackMyDrive
TrackMyDrive is a web-based and mobile app for logging and tracking business mileage. TrackMyDrive allows users to easily track all of their mileage with their smartphones. The app collects GPS coordinates and uploads the data to provide users with a detailed report and analysis of their trips.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 5/14/2019 via BusinessWire

eRequester merged with Fraxion,

See 2056 Comparable Transactions
synopsis: Fraxion, a cloud-based procure-to-pay solution for easy business spend management, has merged with eRequester, a US based e-procurement software suite leader.
buyer: Fraxion
Fraxion offers an innovative cloud solution for spend enablement and efficiency trusted by thousands of brands worldwide. Using Fraxion, businesses can spend smarter and streamline the procurement process for better business outcomes. They are based in South Africa. "
 target parent: Roman Road Capital Partners LLC
target: eRequester
eRequester is a developer of an enterprise software designed to facilitate corporate accountability. The company's enterprise software and web-based application suite offers powerful requisition, PO, invoice automation and expense management tools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/14/2019 via BNC Analysis

MobileXpense, acquired eBuilder Travel AB

See 1323 Comparable Transactions
synopsis: MobileXpense, a Belgian company that provides worldwide mobile solutions for travel expense management, has acquired eBuilder Travel from eBuilder, a Swedish provider of smartphone insight. eBuilder Travel is a cloud-based travel expense management solution in Sweden that supports the end-to-end expense process for travellers and their employers.
buyer parent: Fortino Capital Partners
buyer: MobileXpense
MobileXpense is a Brussels-based company that provides worldwide mobile solutions for travel expense management. MobileXpense's uniquely flexible SaaS solution simplifies a complex and often time-consuming problem for business travelers, HR departments and accounting departments around the world. "
 target parent: eBuilder
target: eBuilder Travel AB
eBuilder Travel is the travel and expense management market leader in Sweden. eBuilder Travel is a cloud-based solution supporting the end-to-end travel and expense process for both travellers and their employers. Their solution provides support for travel profiles, delivery notes, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/6/2019 via Company Press Release

Chrome River Technologies merged with Certify, Inc.,

See 2027 Comparable Transactions
synopsis: Certify and Chrome River Technologies, two global leaders in travel, expense, and invoice management software, are merging. The combination creates the industry’s most comprehensive suite of products for monitoring, managing and analyzing corporate spend.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify, Inc., is the world’s largest independent provider of travel, expense and invoice management software. The Certify, Inc. family of brands includes leading SaaS platforms Certify, Nexonia, Tallie, Abacus, and Captio. "
 target: Chrome River Technologies
Chrome River provides expense and invoice automation solutions. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. They are a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 1/17/2019 via PR Newswire

Enterprise Holdings, will acquire Deem

See 2163 Comparable Transactions
synopsis: Enterprise Holdings announced its intent to acquire San Francisco-based Deem – an innovative managed-travel technology platform that includes Deem Work Fource and Deem Ground Work, a suite of online booking and travel technology products for business travelers, travel managers, travel-management companies and suppliers.
buyer: Enterprise Holdings
Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses - which include extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales. "
 target: Deem
Deem is designed for the entire business travel ecosystem using machine learning, AI and predictive analytics. Deem's suite of tools range from a dynamic traveler booking platform, travel manager cost controls, travel agency service technology, supplier revenue opportunities and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/20/2018 via BNC Analysis

Serko Limited, acquired InterplX Expense Management

See 2073 Comparable Transactions
synopsis: Serko, a New Zealand-based provider of online travel booking and expense management solutions, has acquired InterpIX, a provider of business expense management solutions. InterpIX's ExpenseNet solution is a travel and entertainment expense and purchase card management platform.
buyer: Serko Limited (NZSE:SKO:$13.86)
Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools. "
 target: InterplX Expense Management
InterpIX is a provider of business expense management solutions. Their ExpenseNet solution is a travel and entertainment expense and purchase card management platform. The web-based software allows for fast, accurate, and cost-saving expense reporting for companies of any size.
price ($mm)
$1.25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  
closed 9/18/2018 via GlobeNewswire

Certify, Inc., acquired Captio

See 1304 Comparable Transactions
synopsis: Certify, the largest independent provider of expense management software, announced the acquisition of Captio, a leading expense provider in Europe. Captio offers an end to end cloud-based expense management platform with robust mobile capabilities and the ability to comply with specific country-based taxation requirements.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. "
 target: Captio
Captio is the leading corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/21/2020 via BusinessWire

Airlines Reporting Corp., acquired nuTravel

See 76 Comparable Transactions
synopsis: Airlines Reporting Corp. (ARC) announced that it has acquired a majority interest in nuTravel, the leading developer of applications that provide airlines with online retailing solutions with enhanced features to support travel agency services.
buyer: Airlines Reporting Corp.
The Airlines Reporting Corporation (ARC) is the premier driver of air travel intelligence and commerce in the travel industry, with leading business solutions, travel agency accreditation services, process and financial management tools, and high-quality data. "
 target parent: K1 Investment Management
target: nuTravel
Since 2002, over 8,000 companies have utilized nuTravel’s online booking technology. With combined industry experience spanning nearly 5x their age, nuTravel has blazed a new path in online booking technology in the B2B and B2C airline space.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2019 via BusinessWire

Certify, Inc./Chrome River, acquired Emburse

See 489 Comparable Transactions
synopsis: Certify, Inc./Chrome River, the largest independent portfolio of travel, expense and payment solutions, announces the acquisition of Emburse, a leading startup provider of virtual and physical cards for business expenses and vendor payments that provides virtual and physical credit cards with built in spend enforcement and expense reconciliation.
buyer parent: K1 Investment Management
buyer: Certify, Inc./Chrome River
Certify, Inc./Chrome River is an independent provider of travel, expense and payment solutions. With spend management applications such as real-time expense reporting, integrated travel booking, time tracking, and accounts payable automation, they have transformed how organizations manage spending. "
 target: Emburse
Emburse alleviates major pain points experienced in all businesses by providing virtual and physical credit cards with built in spend enforcement and expense reconciliation. Cards can be restricted based on budgets, merchant categories or individual merchant IDs, and even specific hours of the day.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/6/2019 via Company Press Release

Chrome River Technologies merged with Certify, Inc.,

See 2027 Comparable Transactions
synopsis: Certify and Chrome River Technologies, two global leaders in travel, expense, and invoice management software, are merging. The combination creates the industry’s most comprehensive suite of products for monitoring, managing and analyzing corporate spend.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify, Inc., is the world’s largest independent provider of travel, expense and invoice management software. The Certify, Inc. family of brands includes leading SaaS platforms Certify, Nexonia, Tallie, Abacus, and Captio. "
 target: Chrome River Technologies
Chrome River provides expense and invoice automation solutions. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. They are a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2018 via GlobeNewswire

Certify, Inc., acquired Captio

See 1304 Comparable Transactions
synopsis: Certify, the largest independent provider of expense management software, announced the acquisition of Captio, a leading expense provider in Europe. Captio offers an end to end cloud-based expense management platform with robust mobile capabilities and the ability to comply with specific country-based taxation requirements.
buyer parent: K1 Investment Management
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. "
 target: Captio
Captio is the leading corporate travel management platform in the Spanish market. Captio integrates the expense management process into one single paperless workflow, without manual tasks or frauds.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2018 via Company Press Release

Certify, Inc., acquired Abacus Labs

See 43 Comparable Transactions
synopsis: Certify, a leading cloud-based travel and expense management solution, has acquired Abacus Labs, a leading real time expense reporting solution. Abacus’ technology suggests expenses to users by leveraging data and behavior, bypassing the traditional expense report to provide real time visibility into company spend while minimizing error.
buyer parent: K1 Enterprise Software Investors
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. Certify eliminates the need for paper receipts and spreadsheets. "
 target: Abacus Labs
Abacus Labs replaces expensive reports with a real time expense system to help businesses get money wherever it needs to go. By accounting for company spend at the expense level as it's happening, Abacus keeps all company business systems in sync and offers dynamic reporting on the market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2017 via GlobeNewswire

Certify, Inc., acquired nuTravel

See 7 Comparable Transactions
synopsis: Leading automated travel and entertainment expense management software provider, Certify, announced the acquisition of the corporate online booking technology platform from nuTravel. Since 2002, over 8,000 companies have utilized nuTravel’s online booking technology.
buyer parent: K1 Investment Management, LLC
buyer: Certify, Inc.
Certify is the leading online travel and expense management solution for companies of all sizes. Organizations worldwide book travel and complete expense reports quickly, easily, and cost-effectively using Certify cloud and mobile applications. "
 target: nuTravel
Since 2002, over 8,000 companies have utilized nuTravel’s online booking technology. With combined industry experience spanning nearly 5x their age, nuTravel has blazed a new path in online booking technology in the B2B and B2C airline space.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/21/2017 via BNC Analysis

K1 Investment Management, LLC, acquired Certify, Inc.

See 1321 Comparable Transactions
synopsis: Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm.
buyer: K1 Investment Management, LLC
K1 Investment Management, LLC is a West Coast-based venture capital firm investing in high-growth private companies across North America. K1 primarily invests in software and technology private companies across North America. "
 target: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2013 via BusinessWire

Coupa Software, acquired Xpenser

See 13 Comparable Transactions
synopsis: Coupa Software, the leading provider of cloud-based spend optimization solutions for finance, announced that it has acquired Xpenser, a company that enables users to record and track expenses more efficiently in the cloud. The acquisition will expand Coupa’s domain expertise and leadership in the area of expense management.
buyer: Coupa Software (COUP:$458.37)
Founded in 2006, Coupa Software is the leading provider of cloud-based spend optimization software. More than 300 customers in 40 countries use the Coupa suite of cloud applications to amplify their spend power and reduce spending costs up to 11 percent. "
 target: Xpenser
Xpenser provides time, receipt, and expense management from a multitude of devices and interfaces - using voice, email, sms, iPhone, instant messaging, Twitter, or the web, via a simple, intuitive format.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/19/2013 via BNC Analysis

Paperless Receipts Limited, acquired Expense Magic Limited

See 544 Comparable Transactions
synopsis: Paperless Receipts Limited is continuing its expansion with the acquisition of Expense Magic Limited, the industry leading expenses management company built by tech entrepreneur, Constant Tedder. The acquisition strengthens Paperless Receipts position as the default provider of paperless (digital) receipts in the UK.
buyer: Paperless Receipts Limited
Paperless Receipts Limited develops a solution for storing receipts for business and proof of purchase purposes. It offers eReceipts that creates and captures the digital receipts from a multitude of sources; and allows businesses to capture their employees’ expense receipts in real-time. "
 target: Expense Magic Limited
Expense Magic, launched in early 2012, has been designed to remove the hassle of capturing and recording business expenses. Users simply photograph their receipts via a mobile app and receive a monthly expense report with all the hard work done for them, for a fee of £9.99 a month.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/29/2017 via Company Press Release

Hive Learning Software Limited, acquired EditorEye

See 63 Comparable Transactions
synopsis: Hive Learning, a leading Learning & Development app, has acquired EditorEye. EditorEye develops solutions that help senior executives drive innovative thinking and support business development through delivery of highly filtered insights from across thousands of sources.
buyer: Hive Learning Software Limited
Hive Learning is a collaborative learning application for major enterprises. Hive Learning makes it easy to access and collaborate around the best training materials and insights available – whether via their mobile app or desktop. "
 target: EditorEye
EditorEye is an executive intelligence company. Their cloud platform, Catalyst, provides business-critical insights that senior executives need to identify new business leads, improve client engagement and drive innovation across their wider organization.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/17/2018 via Company Press Release

Certify, Inc., acquired Abacus Labs

See 43 Comparable Transactions
synopsis: Certify, a leading cloud-based travel and expense management solution, has acquired Abacus Labs, a leading real time expense reporting solution. Abacus’ technology suggests expenses to users by leveraging data and behavior, bypassing the traditional expense report to provide real time visibility into company spend while minimizing error.
buyer parent: K1 Enterprise Software Investors
buyer: Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting. Certify eliminates the need for paper receipts and spreadsheets. "
 target: Abacus Labs
Abacus Labs replaces expensive reports with a real time expense system to help businesses get money wherever it needs to go. By accounting for company spend at the expense level as it's happening, Abacus keeps all company business systems in sync and offers dynamic reporting on the market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via PR Newswire

iSolved HCM, acquired Givful

See 46 Comparable Transactions
synopsis: isolved has acquired Givful, a workplace philanthropy platform that revolutionizes the way people give and volunteer. Together, isolved and Givful are democratizing corporate social responsibility programs for SMB and mid-market businesses through a modern human capital management solution that purposefully engages the modern workforce.
buyer: iSolved HCM
isolved is an employee experience leader, providing intuitive, people-first HCM (Human Capital Management) technology. The company's solutions are used to boost performance, increase productivity, and accelerate results while reducing risk. "
 target: Givful
Givful is a cloud-based platform that helps companies engage employees and support their desire to give, volunteer, and drive social good. Givful supports employees giving through payroll deduction, volunteer management, company matching, and individual giving accounts through a secure portal.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/6/2020 via Company Press Release

ServiceNow, will acquire 4Facility

See 50 Comparable Transactions
synopsis: ServiceNow signed an agreement to acquire the 4Facility assets of App4Mation, a ServiceNow application and implementation services partner. 4Facility makes it easy for employees to book meeting rooms, register visitors and request for catering/IT support in a single flow via Outlook or a mobile device.
buyer: ServiceNow (NYSE:NOW:$5,532.48)
ServiceNow's cloud-based platform and solutions deliver digital experiences that help people do their best work. Their applications automate, predict, digitize, and optimize business processes and tasks, across IT, Customer Service, Security Operations, and Human Resources. "
 target parent: App4Mation
target: 4Facility
4Facility makes it easy for employees to book meeting rooms, register visitors and request for catering/IT support in a single flow via Outlook or a mobile device. Battle no-shows with check-in expiration on BookNow, their meeting room booking system, freeing up valuable meeting space.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/6/2021 via PR Newswire

Carimus LLC, acquired JouleBug

See 42 Comparable Transactions
synopsis: Carimus has acquired JouleBug, an ESG (Environmental, Social and Corporate Governance) mobile app and leader in the gamification of environmental awareness and wellness for companies and their employees. The acquisition allows Carimus to deliver authentic ecological and social impact experiences to its customers and their employees.
buyer: Carimus LLC
Carimus is a leading software company that makes it easier for innovators to bring products to market. Carimus provides custom software development, creative services, web and app development to help companies take their brand, strategy, and technology to the next level. "
 target: JouleBug
JouleBug an ESG (Environmental, Social and Corporate Governance) mobile app that allows co-workers to compete in sustainability, civic, wellness, and remote engagement challenges to encourage workplace camaraderie.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: LSE:HRG
 
 
 
 
 
 
 
 
Hogg Robinson plc
Hogg Robinson Group is a global corporate services provider. Through their Travel Management Company (HRG) and Technology Company (Fraedom), they help thousands of clients in over 120 countries manage their travel, expenses, payments and data.
year
2017
rev ($mm)
$431.25
EBITDA ($mm)
$58.56
EBIT ($mm)
$52.76
Net Income ($mm)
$28.70
Employees
4622
  • drill down
  • watch
Ticker: NZSE:SKO
 
 
 
 
 
 
 
 
Serko Limited
Serko Limited
Serko is a New Zealand-based provider of online travel booking and expense management solutions. Their solutions empower organisations to manage their corporate travel programs and expense administration with powerful, intuitive online tools.
year
2018
rev ($mm)
$13.86
EBITDA ($mm)
$1.28
EBIT ($mm)
$1.13
Net Income ($mm)
$1.12
Employees
106
  • drill down
  • watch
Ticker: ASX:8CO
 
 
 
 
 
 
 
 
8common
8common
8common brings innovative enterprise software concepts to life, injecting a high-performing, product-driven culture and smart entrepreneurialism into every venture. 8common identifies, acquires and nurtures high potential businesses capable of startup agility and SaaS delivery.
year
2017
rev ($mm)
$2.91
EBITDA ($mm)
($0.12)
EBIT ($mm)
($0.41)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: ASX:RKN
 
 
 
 
 
 
 
 
Reckon Limited
Reckon Limited
Reckon Limited (RKN) is an Australian publicly listed company well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management.
year
2020
rev ($mm)
$54.95
EBITDA ($mm)
$9.52
EBIT ($mm)
$8.47
Net Income ($mm)
$5.93
Employees
118
  • drill down
  • watch
Ticker: COUP
 
 
 
 
 
 
 
 
Coupa Software
Coupa Software
Coupa Software is the cloud platform for business spend. They deliver “Value as a Service” by helping their customers maximize their spend under management, achieve significant cost savings and drive profitability.
year
2020
rev ($mm)
$458.37
EBITDA ($mm)
($42.72)
EBIT ($mm)
($77.66)
Net Income ($mm)
Employees
1693
  • drill down
  • watch
Ticker: SQI
 
 
 
 
 
 
 
 
JAGGAER
JAGGAER
JAGGAER is a leading provider of end-to-end spend management solutions. JAGGAER offers an all-in-one procurement software platform that provides modular solutions for spend analytics, eProcurement, invoicing, sourcing, quality management, inventory management, and more.
year
2016
rev ($mm)
$106.31
EBITDA ($mm)
$9.42
EBIT ($mm)
$3.98
Net Income ($mm)
$3.21
Employees
513
  • drill down
  • watch
Ticker: ENXTBR:UPG
 
 
 
 
 
 
 
 
UnifiedPost
Unifiedpost Group wants to become the leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services.
year
2020
rev ($mm)
$70.52
EBITDA ($mm)
($13.98)
EBIT ($mm)
($19.53)
Net Income ($mm)
Employees
757
  • drill down
  • watch
Ticker: NINE
 
 
 
 
 
 
 
 
Ninetowns Internet Technology Group Company Limited
Ninetowns Internet Technology Group Company Limited
Ninetowns is a provider of online solutions for international trade, with its key services in automating import/export e-filing, as well as in providing effective and efficient business-to-business search. Ninetowns launched tootoo.com in 2007, providing vertical search and value added services.
year
2011
rev ($mm)
$75.22
EBITDA ($mm)
($21.52)
EBIT ($mm)
($41.57)
Net Income ($mm)
$3.53
Employees
509
  • drill down
  • watch
Ticker: ENXTPA:GENX
 
 
 
 
 
 
 
 
Generix SA
Generix SA
Generix Group develops software solutions for the manufacturing, logistics and retail ecosystems, helping its customers to manage, pool, integrate and optimize their information flows.
year
2016
rev ($mm)
$65.21
EBITDA ($mm)
$4.70
EBIT ($mm)
$3.69
Net Income ($mm)
$1.39
Employees
376
  • drill down
  • watch
Ticker: 300051
 
 
 
 
 
 
 
 
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd.
Xiamen 35.Com Technology Co., Ltd. provides software products and information technology services to medium and small-scale enterprises in China. The company offers Internet business solutions, corporate communication solutions, and enterprise management solutions.
year
2015
rev ($mm)
$39.89
EBITDA ($mm)
($1.95)
EBIT ($mm)
($2.28)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: TSXV:OSS
 
 
 
 
 
 
 
 
OneSoft Solutions Inc.
OneSoft Solutions Inc. is a Canada-based developer of cloud-based business solutions. OneSoft's business strategy is to seek opportunities to convert legacy business software applications to a more cost efficient subscription based business model utilizing the Microsoft Cloud.
year
2015
rev ($mm)
$0.26
EBITDA ($mm)
($1.57)
EBIT ($mm)
($1.61)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: APPF
 
 
 
 
 
 
 
 
AppFolio
AppFolio creates comprehensive, easy-to-use, cloud-based business software solutions for vertical markets. AppFolio's products include cloud-based property management software (AppFolio Property Manager) and cloud-based legal practice management software (MyCase).
year
2020
rev ($mm)
$288.83
EBITDA ($mm)
$22.06
EBIT ($mm)
$13.39
Net Income ($mm)
$30.65
Employees
1370
  • drill down
  • watch
Ticker: OB:MRCEL-ME
 
 
 
 
 
 
 
 
Mercell Holding AS
Mercell Holding AS
Mercell is a leading Nordic provider of eTender system and Tender Offers. Suppliers in all industries use Mercell eTender system to find tenders and contracts in the public sector. They simplify the public procurement process and makes it easy for the buyer to interact with suppliers.
year
2021
rev ($mm)
$48.52
EBITDA ($mm)
$0.95
EBIT ($mm)
($2.79)
Net Income ($mm)
Employees
578
  • drill down
  • watch
Ticker: OB:HOC-ME
 
 
 
 
 
 
 
 
House of Control
House of Control
House of Control is the leading Nordic SaaS company for commercial value management solutions. House of Control develops digital tools to help CFOs improve the performance of their finance department and company. They offer solutions for contract management, compliance, procurement, and more.
year
2021
rev ($mm)
$17.75
EBITDA ($mm)
($2.67)
EBIT ($mm)
($5.13)
Net Income ($mm)
Employees
135
  • drill down
  • watch
Ticker: AIM:INCA
 
 
 
 
 
 
 
 
Incadea Plc
Incadea Plc
Incadea Plc is the leading provider of enterprise software solutions and services to the global automotive retail and wholesale market. With a proven industry focus and expertise, incadea is the vendor of choice for car manufacturers and their dealer networks around the world.
year
2014
rev ($mm)
$54.88
EBITDA ($mm)
$3.74
EBIT ($mm)
$3.81
Net Income ($mm)
Employees
490
  • drill down
  • watch
Ticker: OB:HOC-ME
 
 
 
 
 
 
 
 
House of Control
House of Control
House of Control is the leading Nordic SaaS company for commercial value management solutions. House of Control develops digital tools to help CFOs improve the performance of their finance department and company. They offer solutions for contract management, compliance, procurement, and more.
year
2021
rev ($mm)
$17.75
EBITDA ($mm)
($2.67)
EBIT ($mm)
($5.13)
Net Income ($mm)
Employees
135
  • drill down
  • watch