Transaction Announcement
TRIPBAM is a global SaaS solution and the industry’s only provider of fully automated, always-on auditing technology to track and review corporate travel pre-trip spend, corporate negotiated discounts, and supplier contracts.
TRIPBAM’s technology constantly tracks and compares current prices with customers’ travel reservations and automatically rebooks a flight or hotel room if a lower price is available. It has tracked more than 30 million corporate travel bookings to date, representing over $30 billion in spend. TRIPBAM’s solutions have helped more than 2,000 customers, including Aon, Elevance Health and Microsoft, to automatically save in excess of $500 million.
The acquisition of TRIPBAM makes Emburse an even stronger partner for travel and finance leaders, supporting their efforts to better manage spend and proactively control travel costs. With TRIPBAM, Emburse’s 18,000+ customers can add flight and hotel rebooking to the T&E process, providing the lowest prices for their travel plans.
I now have a strong appreciation for the tremendous value that the right investment bank can deliver in a sales process – particularly in the current, choppy M&A market. GLC’s expertise in positioning software companies, negotiating successful M&A deals, and driving deals to a positive close, produced a terrific outcome for our organization. I would highly recommend GLC to any tech company looking to navigate these uncharted Tech M&A waters.
Steve Reynolds
Chief Executive Officer, TRIPBAM, Inc.
Software and Technology Team
GLC’s Software and Technology Team is exclusively focused on advising software and technology services clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner- operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.
Deal Team
Adam Haynes
Managing Director / Denver
David Bluth
Managing Director / Denver
Jim Williams
Managing Director / Denver
