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Like InterplX Expense Management
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closed 12/20/2018 via BNC Analysis
Serko Limited, acquired InterplX Expense Management
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 ($mm)
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press release
closed 5/11/2022 via Company Press Release
CDS Groupe SAS, acquired Rydoo
synopsis: CDS Groupe, the French business hotel marketplace, has acquired Rydoo, formerly Sodexo Travel, from the Marlin Equity fund. Belgium-based Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool.
buyer:
CDS Groupe SAS
target: Rydoo
Created in 2001 by its current CEO, Ziad Minkara, CDS Groupe is an HBT (Hotel Booking Tool) publisher of a platform dedicated to booking overnight stays for a clientele made up of corporates and travel agencies specializing in business travel. business. "
target parent:
Marlin Equity Partners
target: Rydoo
Belgium-based Rydoo offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
price ($mm)
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press release
closed 5/4/2022 via BNC Analysis
Grupo Primavera, acquired Cloudware, S.A.
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
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)
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press release
announced 11/17/2021 via Company Press Release
U.S. Bancorp, will acquire TravelBank
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)
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press release
closed 11/3/2021 via BNC Analysis
Cantec Group, acquired InShip APS
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.
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press release
closed 10/13/2021 via BNC Analysis
Capital One Financial Corp., acquired Lola.com
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)
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press release
closed 9/3/2021 via BNC Analysis
Marlin Equity Partners, acquired Rydoo
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)
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press release
announced 5/12/2021 via BNC Analysis
Mercell Holding AS, will acquire Ibistic Technologies
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
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press release
announced 5/6/2021 via BusinessWire
Bill.com, will acquire Divvy
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
share
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bookmark
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press release
closed 4/15/2021 via BNC Analysis
HRS Group, acquired Itelya GmbH
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.
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press release
closed 1/13/2021 via BNC Analysis
TravelPerk, acquired NexTravel
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.
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press release
closed 12/17/2020 via PR Newswire
ELMO Cloud HR & Payroll, acquired Webexpenses
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
share
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press release
closed 10/7/2020 via Company Press Release
Allocate Software Limited, acquired Selenity Limited
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)
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.
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press release
closed 7/22/2020 via PR Newswire
Everlance, acquired TrackMyDrive
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.
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press release
closed 5/14/2019 via BusinessWire
eRequester merged with Fraxion,
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
target: eRequester
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.
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press release
closed 3/14/2019 via BNC Analysis
MobileXpense, acquired eBuilder Travel AB
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
target: eBuilder Travel AB
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.
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press release
closed 3/6/2019 via Company Press Release
Chrome River Technologies merged with Certify, Inc.,
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.
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)
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press release
announced 1/17/2019 via PR Newswire
Enterprise Holdings, will acquire Deem
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 ($mm)
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press release
closed 11/20/2017 via Company Press Release
AvidXchange, acquired Ariett
synopsis: AvidXchange announced that it has acquired Ariett, a leading cloud solution provider in the fast-growing purchase-to-pay market. Ariett has helped midmarket and enterprise customers to generate savings on contracts, requisitions, purchase orders, invoices, payments, and expense reports with a unified procurement platform since 2005.
buyer:
AvidXchange
AvidXchange revolutionizes the way companies pay their bills. Serving more than 6,000 clients throughout North America, AvidXchange is an industry leader in automating procurement, invoice and payment processes for midmarket companies spanning multiple industries. "
target:
Ariett
Ariett generates savings on every contract, requisition, invoice, expense report and payment with a unified cloud platform. Accounting teams everywhere benefit from upfront purchasing control, global visibility to spending and audit trails, which drive cost savings across the enterprise.
price ($mm)
rev ($mm)
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press release
closed 6/21/2017 via BNC Analysis
K1 Investment Management, LLC, acquired Certify, Inc.
synopsis: Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm.
buyer:
K1 Investment Management, LLC
K1 Investment Management, LLC is a West Coast-based venture capital firm investing in high-growth private companies across North America. K1 primarily invests in software and technology private companies across North America. "
target:
Certify, Inc.
Certify is a leading cloud-based travel and expense management solution for organizations of all sizes, and is the only solution in the expense management industry to offer truly automated expense reporting.
price ($mm)
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press release
Pages:
- buyer to watch list
- seller to watch list
closed 12/20/2018 via BNC Analysis
Serko Limited, acquired InterplX Expense Management
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
share
watch
bookmark
-
press release
- buyer to watch list
- seller to watch list
closed 12/20/2018 via BNC Analysis
Serko Limited, acquired InterplX Expense Management
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
share
watch
bookmark
-
press release
- buyer to watch list
- seller to watch list
closed 12/20/2018 via BNC Analysis
Serko Limited, acquired InterplX Expense Management
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 ($mm)
EV / rev
EV / EBITDA
share
watch
bookmark
-
press release
closed 5/11/2022 via Company Press Release
CDS Groupe SAS, acquired Rydoo
synopsis: CDS Groupe, the French business hotel marketplace, has acquired Rydoo, formerly Sodexo Travel, from the Marlin Equity fund. Belgium-based Rydoo, operating since 2018, offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool.
buyer:
CDS Groupe SAS
target: Rydoo
Created in 2001 by its current CEO, Ziad Minkara, CDS Groupe is an HBT (Hotel Booking Tool) publisher of a platform dedicated to booking overnight stays for a clientele made up of corporates and travel agencies specializing in business travel. business. "
target parent:
Marlin Equity Partners
target: Rydoo
Belgium-based Rydoo offers end users and finance managers an end-to-end solution to efficiently manage the travel and expense journey of employees within one single tool. The company’s two modules, Travel and Expense, cover the entire value chain of T&E management through one application.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
share
watch
bookmark
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press release
announced 11/17/2021 via Company Press Release
U.S. Bancorp, will acquire TravelBank
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)
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EV / EBITDA
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bookmark
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press release
closed 10/13/2021 via BNC Analysis
Capital One Financial Corp., acquired Lola.com
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
share
watch
bookmark
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press release
closed 9/3/2021 via BNC Analysis
Marlin Equity Partners, acquired Rydoo
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
share
watch
bookmark
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press release
announced 5/12/2021 via BNC Analysis
Mercell Holding AS, will acquire Ibistic Technologies
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
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press release
closed 4/15/2021 via BNC Analysis
HRS Group, acquired Itelya GmbH
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.
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press release
closed 1/13/2021 via BNC Analysis
TravelPerk, acquired NexTravel
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.
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press release
closed 7/22/2020 via PR Newswire
Everlance, acquired TrackMyDrive
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.
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press release
closed 3/14/2019 via BNC Analysis
MobileXpense, acquired eBuilder Travel AB
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
target: eBuilder Travel AB
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.
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press release
closed 6/21/2017 via BNC Analysis
K1 Investment Management, LLC, acquired Certify, Inc.
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.
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press release
announced 8/30/2016 via BusinessWire
American Express Global Business Travel, will acquire KDS
synopsis: American Express Global Business Travel (GBT), a company that provides end-to-end corporate travel and meetings program management, announced it has signed an agreement to acquire KDS, Europe’s leading provider of on-demand Travel & Expense solutions.
buyer:
American Express Global Business Travel
American Express Global Business Travel provides end-to-end corporate travel and meetings program management – for companies of all sizes and across all industries – through best-in-class booking technology, smart analytics, worldwide strategic partnerships, and exceptional care. "
target:
KDS
KDS is Europe’s leading provider of on-demand Travel & Expense solutions. They help corporate customers to achieve lower ticket prices, reduced total travel costs and increased administrative efficiencies.
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press release
announced 12/1/2021 via BNC Analysis
CRED, will acquire Happay
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)
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press release
closed 9/18/2018 via GlobeNewswire
Certify, Inc., acquired Captio
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.
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.
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press release
closed 9/10/2020 via PR Newswire
Mondee Holdings, acquired Rocketrip
synopsis: Mondee Holdings, a leading travel technology group, has acquired Rocketrip, the award-winning behavior change technology solution for global business travel programs. The acquisition will accelerate the Rocketrip mission by leveraging Mondee's industry leading travel technology platform and extensive global travel experience.
buyer:
Mondee Holdings
Mondee is a group of travel technology, service, and content companies driving disruptive innovative change in the leisure, corporate, and retail travel markets. They deliver a technology platform of SaaS, mobile, and cloud products and services to a global customer base of over 45,000 customers. "
target:
Rocketrip
Rocketrip provides real-time insight into traveler behavior and allows companies to use this data to drive the changes necessary in order to meet major company objectives such as cost savings and online booking compliance.
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press release
closed 4/30/2019 via BNC Analysis
MakeMyTrip.com, acquired Quest2Travel India Private Limited
synopsis: MakeMyTrip, India’s leading Travel company, announced that it has acquired Mumbai-based Quest2Travel (Q2T), an internet based corporate travel management company. Through Q2T’s enterprise software, large corporate clients are able to manage their end-to-end employee travel needs on a real-time basis in a transparent and secure manner.
buyer:
MakeMyTrip.com
(MMYT:$294.56)
MakeMyTrip is India’s leading Travel company. MakeMyTrip provides access to all major airlines, railways, bus operators, over 61,500 domestic accommodation properties, and over 500,000 foreign properties. "
target:
Quest2Travel India Private Limited
India’s Quest2travel is a web based Corporate Travel Management Company that helps customers manage their employee travel procurement in a transparent and secure manner. Their enterprise software allows large companies to manage their end-to-end nationwide employee travel in real-time.
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press release
closed 11/30/2015 via Company Press Release
Travelport, acquired Locomote IP Pty Ltd
synopsis: Travelport, a leading Travel Commerce Platform, announced it has grown its investment to 55% in Australian corporate travel technology company, Locomote. Locomote empowers companies to manage every aspect of their business travel, including bookings, duty of care, authorization, budgets and expenses from any device anywhere in the world.
buyer:
Travelport
(TVPT:$2,182.00)
Travelport is a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Travelport’s Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. "
target:
Locomote IP Pty Ltd
Locomote is one of Australia’s fastest growing tech businesses. As a global company, Locomote empowers companies to manage every aspect of their business travel, including bookings, duty of care, authorisation, budgets and expenses from any device anywhere in the world.
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press release
closed 5/4/2022 via BNC Analysis
Grupo Primavera, acquired Cloudware, S.A.
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
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.
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press release
closed 11/3/2021 via BNC Analysis
Cantec Group, acquired InShip APS
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.
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press release
announced 5/6/2021 via BusinessWire
Bill.com, will acquire Divvy
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
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press release
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Geography
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