New Zealand-based travel and expense management solutions provider Serko has acquired US software company Interplx Inc.
Interplx is a provider of Software as a Service (SaaS) expense management tools. Its solutions include cloud-based expense reporting, auditing services and payment processing. Its client base includes several Fortune 500 companies.
Serko CEO Darrin Grafton said the investment in the company is an important part of Serko’s global growth strategy and would extend its end-to-end travel and expense offering.
Grafton commented: “We are on track to becoming a global brand and this acquisition provides customer service and technology development capabilities to support our expansion in the northern hemisphere. It also augments out existing worldwide support centres with global 24/7 support.”
According to Serko, Interplx will continue to be run by its founder Chuck Buckner and existing management team, who will now report to Tony D’Astolfo, VP of North America at Serko.
Grafton continued: “We’re delighted to announce this acquisition and the welcome the people and customers of Interplx into the global Serko family. We were deeply impressed by the quality of the technology and the high service levels and customer retention that Chuck and the team have achieved, and we look forward to further building on Interplx’s strong pedigree in the North American market.”
Buckner added: “Our two companies are well aligned in terms of technical architecture and a high degree of customer service. The North American market is demanding a user-friendly alternative to the legacy providers and we are pleased to join Serko to create an integrated travel and expense offering that will fill that void.”
The news follows an agreement with ATPI Group to allow the TMC to offer Serko’s Zeno travel and expense management application to its clients globally. ATPI recently announced it was releasing the tool for its UK clients, with other European countries to follow throughout 2019.