Divestment of eBuilder Travel AB
(Stockholm, March 14 th , 2019) – eBuilder AB, the parent company of the eBuilder Group, announces the divestment of its subsidiary eBuilder Travel AB to Brussels-based travel and expense management solution provider MobileXpense.
eBuilder Travel AB has built a strong position in the Nordic market for travel and expense management solutions, with a solid base of large customers in Sweden and Finland. MobileXpense was founded in 2000 as one of the first European Software-as-a-Service (Saas) companies. It specializes in software applications for travel and expense management and offers complete automation of the entire process from planning and booking, to reimbursement and accounting. MobileXpense has become a front-row service provider for multinationals in Europe, the US, Latin America and China. With eBuilder Travels team of Nordic experts, MobileXpense aims to further expand its activities in the Nordics and strengthen its international offering.
"This is a great deal for all parties involved. The combination of eBuilder Travel and MobileXpense will create a significantly stronger player in the market for Travel and Expense Management solutions, a European company that will be able to compete with the global leaders. For the eBuilder Group, it is a natural step to strengthen our financial position and be able to further increase focus on our core products – Device Insights and Business Process as a Service solutions for the telecom- and financial sectors", says Per Månsson, CEO of eBuilder.
Pieter Geeraerts, CEO of MobileXpense, clarifies his company’s ambition: "MobileXpense has shown substantial and consistent growth in recent years. This acquisition allows us to further heighten our position in the international market where we have become a leading European player able to challenge the world’s largest software suppliers. We want to maintain this pioneering position and develop solutions that are able to follow the most complex processes of large multinational corporate and governmental organizations."
For more information contact
Per Månsson, CEO, eBuilder
Phone: +46 73 530 36 33
eBuilder is (after the divestment of the Travel and Expense Management business) a leading provider of Device Insights (machine learning is used on smartphone behavioral data to generate upgrade- and churn predictions for mobile operators and marketing ecosystems – since 1 March 2019 this business is managed by the group company Marakanda AB, www.marakanda.com) and cloud based Business Process as a Service solutions for the telecom- and financial sectors, e.g. cloud based repair and return processes for smartphone manufacturers. Customers include mainly mobile operators, smartphone OEM manufacturers and international banks. eBuilder was established in 2007 with offices in Stockholm, Sweden (HQ) and Sri Lanka.
For more information visit www.ebuilder.com
MobileXpense is a leading provider of global Employee Expense Management solutions for large multinationals and governmental organizations. Its uniquely flexible SaaS solution simplifies a complex and often time-consuming problem for business travelers, HR departments and accounting departments around the world. The solution offers multinational organizations full regulatory compliance with country-specific taxation and legal allowance regulations as well as the flexibility to integrate company regulations and policies. MobileXpense helps more than 300 customers with 1.2 million end-users in over 100 countries drive down their employees’ business travels costs. Customers include Canon, UCB, Panalpina, the Dutch government and many more.
To learn more, visit www.mobilexpense.com