TripIt Gets An ExIt – Acquired By Concur For Up To $120 Million
January 13, 2011 at 07:42 AM EST
Concur , a publicly-listed provider of integrated travel and expense management solutions, this morning announced it has agreed to acquire TripIt , which helps travelers easily organize and share travel plans . Concur is initially paying approximately $82 million in upfront cash, stock and unvested restricted stock units - additional consideration over time could bring the total value to $120 million. More details on the financials are below.