Concur Technologies Buys TRX, Inc.

(RTTNews) - Concur Technologies, Inc. (CNQR) said Tuesday that it has bought TRX, Inc., a provider of travel data and Travel Management Company mid-office technology solutions.

Terms of the deal were not disclosed.

Based in Atlanta, TRX offers solutions that enhance TMC efficiency through automation while also providing TMCs with a powerful data and analytics capability for their customers. Those products lead to a higher level of service for TMC customers, while giving corporate travel managers the tools they need to gain increased control and visibility over their managed travel programs. In addition to its analytics and mid-office solutions, TRX operates business process outsourcing and call center business units that are not aligned with Concur's strategies. Concur plans to continue operating those business units and serving related customers while conducting a process to identify strategic partners that are better positioned to support the ongoing operations.