Concur has invested $5m as a strategic investment in Yapta, a provider of airfare tracking and hotel rate tracking services. Rajeev Singh, president and chief operating officer at Concur, said: “In today’s economic environment, travelers are looking to get the best value from their travel spending. Many travelers aren’t even aware that that they could be eligible for a refund on their flight if the fare drops. Concur has a great opportunity with Yapta to help travelers using TripIt Pro to capture the airfare savings that they deserve. We’re excited that two leading companies in the Seattle-area are coming together to help travelers save money.”

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