Tech Company M&A Transactions
Outtask Acquisition
Operating out of Alexandria, Outtask was acquired by Concur Technologies. The transaction price was $88 million.
Transaction Overview
Company Name
Acquired By
Announced On
1/23/2006
Transaction Type
M&A
Amount
$88,000,000
M&A Terms
Concur Technologies Acquires Outtask, Inc. Under the terms of the agreement, all outstanding equity securities of Outtask will be exchanged for approximately $24 million to $36 million in cash and approximately 2.9 million to 3.5 million shares of Concur common stock all totaling between approximately $67 million and $88 million based on the closing price of Concur common stock on January 20, 2006.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
209 Madison St. 400
Alexandria, VA 22314
USA
Alexandria, VA 22314
USA
Phone
Email Address
Not Recorded
Overview
Outtask, Inc., provider of Cliqbook, the market leading online corporate travel management service.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tom DePasquale
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