Like Paypense

closed 8/4/2022 via BusinessWire

HRS Group, acquired Paypense

synopsis: HRS, a corporate lodging platform based in Germany, has acquired PayPense. Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
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: Paypense
Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 7/20/2022 via BNC Analysis

Cegid SA, acquired Notilus

synopsis: Cegid, a provider of cloud business management solutions in France, has acquired Notilus from DIMO Software, a leading provider of cloud software in France. Notilus is a digital mobility management solution in France. Their platform provides solutions for travel planning, expense reports, travel compliance policies, fleet management and more.
buyer: Cegid SA
Based in France, Cegid is a leading provider of cloud business management solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors. "
target parent: DIMO Software
target: Notilus
Notilus is a digital mobility management solution in France. Notilus helps companies manage their employees’ business travel. Their platform provides solutions for travel planning, expense reports, reservations, travel compliance policies, vehicle fleet management and more.
price ($mm)
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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
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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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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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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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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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
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.
price ($mm)
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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.
price ($mm)
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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.
price ($mm)
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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
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)
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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)
EV / rev
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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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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.
price ($mm)
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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)
EBITDA ($mm)
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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.
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)
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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.
price ($mm)
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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:$294.56)
MakeMyTrip is India’s leading Travel company. MakeMyTrip provides access to all major airlines, railways, bus operators, over 61,500 domestic accommodation properties, and over 500,000 foreign properties. "
target: Quest2Travel India Private Limited
India’s Quest2travel is a web based Corporate Travel Management Company that helps customers manage their employee travel procurement in a transparent and secure manner. Their enterprise software allows large companies to manage their end-to-end nationwide employee travel in real-time.
price ($mm)
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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:$2,182.00)
Travelport is a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. Travelport’s Travel Commerce Platform enables travel providers, travel agencies, corporations and developers to connect. "
target: Locomote IP Pty Ltd
Locomote is one of Australia’s fastest growing tech businesses. As a global company, Locomote empowers companies to manage every aspect of their business travel, including bookings, duty of care, authorisation, budgets and expenses from any device anywhere in the world.
price ($mm)
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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
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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closed 8/4/2022 via BusinessWire

HRS Group, acquired Paypense

synopsis: HRS, a corporate lodging platform based in Germany, has acquired PayPense. Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
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: Paypense
Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 8/4/2022 via BusinessWire

HRS Group, acquired Paypense

synopsis: HRS, a corporate lodging platform based in Germany, has acquired PayPense. Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
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: Paypense
Built specifically to accommodate B2B, travel and expense payments for corporate employees, PayPense combines a technology-infused card solution with a secure app that applies for and accesses funds in real time.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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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.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 9/19/2019 via Company Press Release

HRS Group, acquired Smarthotel

synopsis: The HRS Group, the world's leading corporate travel outsourcing provider, has acquired Smarthotel, a web-based solution that speeds up the hotel check-in/out experience. Smarthotel allows business travelers to check-in/out online, pay via their mobile devices and automate expensing.
buyer: HRS Group
The HRS Group is the world's leading corporate travel outsourcing provider. With its HRS Global Hotel Solutions brand, HRS is one of the market leaders in the global business travel market and one of the top three hotel portals in Europe. "
target: Smarthotel
Smarthotel is a web-based solution that speeds up the hotel check-in/out experience. Smarthotel removes the pain points of business travelers, corporates and hotels. Their solution allows business travelers to check-in/out online, pay via their mobile devices and automate expensing.
price ($mm)
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closed 11/15/2021 via BNC Analysis

Booking Holdings Inc., acquired Getaroom

synopsis: Booking Holdings Inc., the Stamford parent company of Priceline, has acquired Getaroom, a B2B distributor of hotel rooms. Getaroom will be rolled into the Priceline brand to form a new business unit aimed at the B2B market.
buyer: Booking Holdings Inc. (PCLN:$9,215.00)
Booking Holdings Inc. is an American travel technology company that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. "
target parent: Court Square Capital Partners
target: Getaroom
Getaroom was created to offer the very best values at hotels and other types of lodging in major destinations worldwide. Getaroom was founded by the former CEO and President of Hotels.com, Dave Litman and Bob Diener, respectively.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 9/5/2018 via BNC Analysis

Court Square Capital Partners, acquired Getaroom

synopsis: Court Square Capital Partners, a private equity firm, has acquired a majority stake in Getaroom, an online hotel reservation website that allows travelers to search, find, review, and book the rooms they want at the best value possible. Getaroom offers hotels, condominiums, time share resorts, condo hotels, and more.
buyer: Court Square Capital Partners
The Court Square team is one of the most experienced teams in private equity having completed more than 220 investments over the past three decades. Together they have developed a disciplined investment process and sound, time-tested investment judgment. "
target: Getaroom
Dallas-based Getaroom started as a hotel-booking website for customers, but shortly thereafter pivoted to a business-to-business supplier of hotels - and lately vacation rentals, also - to affiliates, including online travel bureaus, metasearch sites, airlines, and destination websites.
price ($mm)
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closed 12/20/2017 via BNC Analysis

ACCC Enterprises, LLC, acquired CollegeWeekends.com LLC

synopsis: ACCC Enterprises, a holding company based in Chesapeake, VA, has acquired a majority stake in CollegeWeekends.com, an online platform for connecting visitors of college towns with owners of short term and vacation rental properties.
buyer: ACCC Enterprises, LLC
ACCC Enterprises is a holding company based in Chesapeake, VA. "
target: CollegeWeekends.com LLC
CollegeWeekends.com is an online platform for connecting visitors of college towns with owners of short term and vacation rental properties. They enable college town property owners to earn extra income while providing alumni and parents of students superior accommodations as compared to a hotel.
price ($mm)
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announced 10/28/2021 via BNC Analysis

Ease My Trip, will acquire Traviate Online Private Limited

synopsis: The Indian online travel portal Ease My Trip has finalized a non-binding agreement to acquire Traviate, a B2B travel marketplace. Founded in 2016, India-based Traviate connects B2B channels, travel agents, hotels and tour operators and other travel world players.
buyer: Ease My Trip (BSE:543272:$20.53)
EaseMyTrip was founded in 2008 by Nishant Pitti and Rikant Pitti and provides deals on flights, hotel stays and vacation packages. EaseMyTrip commenced its operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel. "
target: Traviate Online Private Limited
Founded in 2016, Traviate is a B2B travel marketplace that connects B2B channels, travel agents, hotels and tour operators and other travel world players. Based in India, its network includes a listing of more than 1.2 million properties and has enabled more than 200,000 transactions to date.
price ($mm)
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closed 1/28/2016 via PR Newswire

BCD Travel, acquired GetGoing

synopsis: Global corporate travel management company BCD Travel has entered into an asset purchase agreement with GetGoing, Inc. of San Francisco. Technology developed by GetGoing powers BCD Travel's TripSource Hotels, which provides clients access to substantially more properties globally than are available in global distribution systems.
buyer parent: BCD Holdings N.V.
buyer: BCD Travel
BCD Travel helps companies make the most of what they spend on travel. For travelers, this means keeping them safe and productive, and equipping them to make good choices on the road. For travel and procurement managers, it means advising them on how to grow the value of their travel program. "
target: GetGoing
GetGoing is a travel technology company simplifying the business of travel so that their partners can focus on running their core business. Their travel search, booking, and advertising solutions increase profitability for their partners.
price ($mm)
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closed 9/10/2013 via PR Web

Conference Hound, acquired OnTrade

synopsis: Conference Hound, a San Francisco-based conference discovery platform, announces the acquisition of OnTrade, a Miami-based lead generation and deal marketplace for the B2B sector of the travel and trade show industry. Buyers post deal requests and hotels & attractions (suppliers) post offers, and OnTrade matches them for the best deal.
buyer: Conference Hound
Conference Hound is the global attendee-centric conference discovery engine that helps attendees find conferences, trade shows, festivals and connections filtered by a variety of criteria including date, industry, city, venue, speakers, colleagues and social network friends. "
target: OnTrade
OnTrade is a B2B lead and deal generation platform for the travel industry. Buyers post deal requests and hotels & attractions (suppliers) post offers, and OnTrade matches them for the best deal.
price ($mm)
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closed 1/27/2016 via Company Press Release

Paxport AB, acquired Multicom Products Limited

synopsis: Representatives from Paxport and Multicom have announced that Paxport has acquired Multicom. Paxport is a leading partner for airlines and travel resellers in ancillary merchandising and passenger management, while Multicom a well respected supplier of online travel software and travel technology solutions for the global travel industry.
buyer: Paxport AB
Paxport is a travel retail technology provider, enabling airlines and travel resellers to provide a world-class travel experience for their passengers. Paxport delivers turnkey solutions that allow flight and non-flight services to be sold dynamically at the right time and place. "
target: Multicom Products Limited
Multicom is one of the most established and well respected suppliers of online travel software and travel technology solutions for the global travel industry.
price ($mm)
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closed 12/24/2014 via Company Press Release

Multi Service Technology Solutions, Inc., acquired Avinode

synopsis: Multi Service Technology Solutions, Inc. a leader in aviation management software technology and card processing solutions, is excited to announce it has acquired the majority interest in Avinode, the world’s leading marketplace for buying and selling air charter online.
buyer: Multi Service Technology Solutions, Inc.
Multi Service Technology Solutions, Inc. is a global transaction management company specializing in billing and payment systems. Founded in 1978, the company provides specialized payment and software management services to fleet, commercial and government clients. "
target: Avinode
The Avinode Marketplace is the world’s leading tool for buying and selling air charter online. More than 3,000 aircraft are listed in the Avinode Marketplace, which features online quoting, availability reports, integrated scheduling, empty leg reports and safety data.
price ($mm)
rev ($mm)
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closed 12/19/2018 via Company Press Release

AVS Verkehrssicherung, acquired Traffics

synopsis: AVS Verkehrssicherung, a Triton Fund IV company, has acquired Traffics A/S, a Danish online provider of construction site and traffic security. They offer complete solutions, services, and equipment for construction sites and traffic security.
buyer parent: Triton
buyer: AVS Verkehrssicherung
Based in Germany, AVS Verkehrssicherung offers complete services for traffic safety from one source. With its expertise in particular for transportable traffic signal systems and mobile protective walls, the AVS Group is represented in Germany in a team of over 600 employees at 16 locations. "
target: Traffics
Traffics A/S is a Danish online provider of construction site and traffic security. They offer complete solutions, services, and equipment for construction sites and traffic security. Its customers are road construction companies as well as public works and communities.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2020 via BNC Analysis

Capital One Financial Corp., acquired Freebird, Inc.

synopsis: Banking giant Capital One has acquired Freebird, a business-to-business startup whose predictive technology enables agents to sell smarter flight insurance and rebooking services.
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 $373.2B in total assets. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. "
target: Freebird, Inc.
Freebird is a business-to-business startup whose predictive technology enables agents to sell smarter flight insurance and rebooking services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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