Concur has announced that it has acquired privately-held conTgo, a leading cloud-based mobile communications and messaging platform for the global travel industry.conTgo, based in the UK and Australia, provides its communication platform to corporate customers and TMCs.
conTgoadds comprehensive location-based services with advanced mobile communications and messaging capabilities to Concur’s offerings, extending the value of the Concur T&E Cloud for partners, suppliers and clients alike.
Concur expects to leverage conTgo’s market-leading technologyto provide a range of new services designed to optimize the traveler experience. By using itinerary data and location information with insight and context from past behavior, Concur and Concur T&E Cloud partners will have the technology and capability to deliver applications that can:
“We continue to seek out game-changing technologies that enhance the business travel experience and advance our vision for the Perfect Trip. The conTgo team developed an award-winning solutionfor companies to track, locate and communicate with employees regardless of their location. Working together with the Concur ecosystem of application developers, customers, and suppliers, we plan to delivera variety of new location-based applications that benefit companies and their travelers alike,” said Michael Hilton, EVP of Product Strategyat Concur.
The terms of the acquisition were not disclosed. Neither the financial terms nor the revenue impact of the conTgo business are material to the Company’s business outlook for fiscal 2013. Due to increased operating costs related to acquired headcount, the company expects modest dilution to its expected non-GAAP operating margin range for Fiscal 2013 and expects the acquisition to be neutral to accretive to non-GAAP operating margin in Fiscal 2014.
