Serko buys US expense management software maker in all-scrip deal

Wed, 19 Dec 2018

By Paul McBeth Dec. 20 (BusinessDesk) - Serko is branching out into complementary businesses with the acquisition of a US business expense management software developer as it accelerates its North American expansion. The travel management software maker will pay US$2.5 million in an all-scrip deal for Minneapolis-based InterplX. The purchase gives Serko a ready-made team on the ground in the world's biggest economy, where the Kiwi company sees an opportunity to grab market share. "The acquisition provides Serko with a North American...

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