Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Concur Technologies Acquires GDSX, TRX

Concur Technologies Inc. (CNQR: Quote) announced it has acquired substantially all of the assets of GDSX, Ltd., a leader in Travel Management Company or TMC mid-office technology solutions.

Based in Dallas, GDSX provides cloud-based tools and services that enable mid-office automation, pre-trip authorization, trip disruption solutions and a centralized trip repository.

The terms of the transaction were not disclosed. Concur plans to provide updated guidance on July 31, 2013 when it reports financial results for the fiscal 2013 third quarter.

In a separate press release, Concur announced it acquired TRX Inc., a leader in travel data and Travel Management Company or "TMC" mid-office technology solutions. The terms of the acquisition were not disclosed.

Click here to receive FREE breaking news email alerts for Concur Technologies Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month. Democrats have climbed into the lead on a generic ballot, according to the results of a new CNN/ORC International poll, although the results may not be as positive for the party as they first appear. With spending on private and public construction both showing notable decreases, the Commerce Department released a report on Wednesday showing an unexpected drop in U.S. construction spending in the month of August.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.