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Concur Technologies Acquires GDSX, TRX

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7/16/2013 10:48 AM ET

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.

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by RTT Staff Writer

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