Concur Acquires UK Company GlobalExpense For Up To $23 Million

Concur, a provider of integrated travel and expense management solutions and recent purchaser of TripIt, has acquired London-based GlobalExpense, a company that specializes in Web-based expense management solutions. Concur has agreed to cough up �12 million ($19.7 million) for the acquisition of the privately held company, plus a performance-based earn-out of up to �2 million ($3.3 million).

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