Financial Advisor to TRIPBAM, Inc.

GLC Advisors Transaction Closing Announcement

Acquired by

A Portfolio Company of

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.

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“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.

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GLC Technology Group  GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients. David Bluth  /  Managing Director David.Bluth@glca.com  /  303.479.3855 Adam Haynes  /  Managing Director Adam.Haynes@glca.com  /  303.479.3842 Jim Williams  /  Managing Director Jim.Williams@glca.com  /  303.479.3850 GLC Advisors & Co. GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com.