Corporate Travel Rivals Coupa and Emburse Square Off With Separate Acquisitions
Photo Credit: Expense platforms are buying up corporate travel booking platforms, anticipating a revenue boost once business trips return. Flickr / Morgan
Skift Take
With expense firms doubling down on travel management with acquisitions, is this genuine confidence in a corporate travel rebound or opportunistic purchases of distressed startups?
Expense platforms are snapping up corporate travel booking tools, anticipating a revenue boost once business trips return.
Expense management company Coupa has announced it has acquired Pana — a deal described as a “complete no-brainer” by its CEO Rob Bernshteyn. If this sounds familiar, Skift all but predicted this combination in a story on February 5.
The acquisition comes at the same time as rival Emburse revealed it had bought Roadmap and Data Visualization Intelligence.
Terms of these acquisitions were not disclosed.
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However, on Tuesday Coupa posted a fourth quarter operating loss of $95.4 million, compared to a loss of $15.9 million for the same period last year. This is despite total revenues of $163.5
