Certify and Chrome River to Challenge Expense Leader SAP Concur
Photo Credit: An image of a meeting in a conference room at Certify's headquarters. Certify
Skift Take
The combined Certify and Chrome River still pales in scope when compared to global behemoth SAP Concur. The approach of offering a variety of different services instead of a single platform, though, has potential in a fragmented global market for expense software services.
Expense software providers Certify and Chrome River have merged, continuing a period of consolidation in the expense management space. The two companies will be housed together in a new holding company that will be valued at more than $1 billion.
The mastermind is California-based private equity group K1 Investment Management, which rolled up Certify with several other expense software providers like Tallie and Nexonia in mid- 2017 through a $125 million investment. The roll-up was followed by Certify's acqui
