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TripIt will soon find users better seats, but are the app’s best days behind it?
TransportTripIt is in the final stages of launching a Seat Tracker tool for users of its premium service, TripIt Pro, Skift has learned. A little more than two years after Concur acquired TripIt for $120 million, the popular itinerary management service finds itself at a crossroads, and Barry Padgett, Concur’s executive vice president of traveler [...]
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Concur posts wider loss in first quarter
DigitalConcur Technologies Inc. (CNQR) Wednesday reported second-quarter net loss attributable to Concur of $7.6 million or $0.14 per share, wider than $4.8 million or $0.09 per share in the same period last year. Adjusted pretax income attributable to Concur was $13.6 million or $0.24 per share, compared to $18.5 million or $0.33 per share in [...]
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Concur is finding out that changing business travel is very difficult
DigitalConcur Open Booking is going to take an awfully long time to transition from concept to reality. That means it will still take at least a couple of years before business travelers — who may be locked into using their less-than-fluid corporate booking tool — would have the freedom to surf and book their business [...]
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Concur’s $1.4 billion government travel aspirations? Not so fast, judge rules
DigitalA federal judge has ordered the General Services Administration to re-evaluate bids for its billion-dollar e-travel contract awarded last June. GSA, which runs the e-travel program for civilian agencies, awarded a $1.4 billion, 15-year contract to Concur Technologies. But work to transition agencies to the Concur e-travel system was delayed by a protest of the [...]
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Carlson Wagonlit sues the federal government after losing $1.3 billion contract to Concur
DigitalCarlson Wagonlit Travel is suing the federal government over the General Services Administration’s decision last year to award a 15-year, $1.3 billion government travel contract to just one provider, Concur, Skift has exclusively learned. In suing the United States government over the contract to handle the travel of 70 civilian government agencies. CWT Sato Travel [...]
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Expedia and Concur team up for $30 million funding round for Room 77
DigitalExpedia Inc. joined some of hotel-metasearch company Room 77′s existing investors in a $30.3 million Series C financing round in the latest chess move as online travel agencies grab a piece of the comparison-shopping market. The investment binge, which brings Room 77′s total funding since 2010 to $43.6 million, follows the still-pending Priceline $1.8 billion [...]
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TripIt users to get hotel upgrade offers thanks to parent company’s new investment
DigitalA $9 million Concur investment in Nor1 means that business travelers using Concur’s TripIt apps will be getting hotel upgrade offers from properties, including Hilton, Hyatt, Carlson Rezidor, InterContinental and Kimpton Hotels. Concur makes a habit of investing in travel startups with its $150 million Concur Perfect Trip Fund, and this is Concur’s first investment [...]
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Two corporate travel giants take opposing sides on booking freedom
DigitalAn American Express Global Business Travel executive called on the travel industry to pivot toward more quality in technology infrastructure, mobile and partnerships, but indicated that a move toward “open booking” is not on the company’s agenda. Kim Goodman, president of American Express Global Business Travel, said she doesn’t have a forecast for how open [...]
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TripIt parent Concur launches $150 million investment fund for business travel startups
DigitalConcur, the travel and expense management solutions giant and parent of trip itinerary service TripIt has a new $150 million fund, called “Concur Perfect Trip Fund” to invest in startups in the travel industry, focused primarily on solutions for business travelers. As part of this strategy, Concur recently invested in Evature, developer of an Expert [...]
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Concur narrows its losses in fiscal fourth quarter
DigitalConcur Technologies, Inc. (CNQR) Wednesday reported a narrower loss for the fourth quarter, helped mainly by a healthy revenue growth. The company also provided an outlook for the first quarter as well as the full-year 2013, which are currently above analysts’ expectations. Net loss for the quarter improved to $8.4 million from $14.1 million last [...]
