About the transaction
Captio is a pioneer in mobile-first, paperless, expense management, with a SaaS product that integrates the expense management process into a single workflow, eliminating the need for manual tasks and preventing fraud. Certify is the leading online travel and expense management solution for companies of all sizes, and a portfolio company of K1 Investment Management. Spain-based Captio's leadership in the European market gives Certify the opportunity to offer its expense management products for large, midsize and SMB customers throughout Europe, especially in Spain, Portugal, France and Italy. This is Certify's first acquisition outside North America, as it competes head-to-head with SAP-owned Concur.