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Serko acquires Incharge for expense management

Fuseworks Media
Fuseworks Media
Serko acquires Incharge for expense management

Serko, the Australasian leader in online travel booking for business, today announced that it has acquired Incharge, a leading Australasian provider of SaaS-based expense management software.

The acquisition allows Serko to round out its SaaS-based travel booking solution, which is used by many of the largest corporations and government agencies in Australasia. Incharge, based in Sydney, supplies corporations in more than 26 countries with easy to use online expense management capability.

Darrin Grafton, Chief Executive Officer at Serko said, "We’re delighted to announce this acquisition. Travel makes up a third of the expense budget for corporations, and although Serko integrates with all the major expense management platforms such as SAP, Incharge have demonstrated to us that tight integration between the two tools can save travellers significant amounts of time and provide finance teams with near-real time visibility of spending."

"Over the last eight years the team at Incharge have built up a great customer base in Australia and have acquired an intimate understanding of the expense management needs of corporations. By combining Incharge’s technology and Serko’s technology we will be able to offer organisations a truly remarkable integrated travel and expense solution."

During 2014 Serko plans to launch a number of innovative mobile products, incorporating patented technology that will help organisations simplify the process of managing expenses.

Paul Turner, Chief Executive Officer at Incharge said, "Travel booking and expense management go together naturally, so this is both a logical and exciting opportunity for us. Working with Serko’s sales team and reseller base we will be able to expand our market reach and create an integrated solution that we hope will change the way organisations think about travel and expense management. We’re looking forward to becoming an important part of Serko’s growth plans for 2014 and beyond."

In the deal Serko have acquired all of the assets and customers of Incharge. In due course the business will be rebranded ’Serko Incharge’ to fit within the Serko product family which includes Serko Online, the company’s travel booking engine.

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