About TRX
TRX is a Travel & Hospitality company based in Atlanta (United States) founded in 1999, and was acquired by Concur in July 2013. Provider of solutions to travel management companies their corporate travel customers. It operates in the Travel & Hospitality and Technology sectors. The company has 1 employees. The company was acqui-hired. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its legal entity is TRX, INC. Its competitors include Brex, Ramp and Navan; 3 of its 3 listed competitors have raised funding.
Company details
TRX is a provider of mid and back-office solutions to travel management companies (TMCs), and also provides data analytics solutions to TMCs corporate customers. Its products include TRAVELTRAX, CORREX and Queue Manager. TMCs use TRXs solutions to automate back-office operations. TRXs solutions consolidate data records from sources such as credit card issuers and networks, back office travel systems, hotel suppliers, airlines, and GDSs, so that corporate customers can get a more accurate view of their total travel spend.
Investors in TRX
TRX has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Concur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate travel expenses and invoices are managed via SaaS platform. | 1988 | concur.com | Bellevue, United States |
Investor details for TRX
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Timeline of TRX
3 dated milestones of TRX across 14 years, from founding to its latest funding, stage changes and deals.
- Founded TRX is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Concur.
Competitors of TRX
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. |
Detailed competitors of TRX
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Top companies in Online Travel
3 companies that operate in the same segment as TRX (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Trx
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Frequently Asked Questions about TRX
TRX was founded in 1999.
TRX is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
TRX is a provider of mid and back-office solutions to travel management companies (TMCs), and also provides data analytics solutions to TMCs corporate customers. Its products include TRAVELTRAX, CORREX and Queue Manager. TMCs use TRXs solutions to automate back-office operations. TRXs solutions consolidate data records from sources such as credit card issuers and networks, back office travel systems, hotel suppliers, airlines, and GDSs, so that corporate customers can get a more accurate view of their total travel spend.
TRX has 1 investor. Key investors include Concur.
TRX operates through Trx, Inc..
Yes. TRX was acquired by Concur in July 2013.