Concur buys business travel mobile tracking firm Contgo
As remote working and virtual offices become a bigger part of corporate world, makes sense for Concur to focus on mobile-first solutions like Contgo’s.
Concur, the travel and expense management company, has acquired UK-based Contgo which provides a mobile tracking and messaging solution for corporate travelers. Terms of the deal were not disclosed, though Concur expects modest dilution to its expected non-GAAP operating margin range due to increased headcount with this acquisition.
Contgo adds various location-based services with mobile communications and messaging capabilities to Concur’s offerings, it said. Founders Henrik Conradsen and Johnny Thorsen will Concur in new senior management roles.