Travel and expense management company Concur, which earlier this year acquired TripIt and GlobalExchange, has invested $5 million in Yapta, a provider of airfare and hotel rate tracking services. The investment brings the total of capital raised by Yapta to $13.8 million.
As part of the investment agreement, Concur and Yapta have entered into a partnership under which Concur will exclusively use Yapta’s airfare price tracking and price assurance services for its TripIt Pro users. The parties also plan to explore additional opportunities for integrating Yapta’s services with Concur’s travel and expense management solutions.
According to the press release, Yapta’s technology has conducted more than a billion price checks on millions of flights, revealing more than $350 million in savings for travelers.