TripActions also expanded beyond travel into broader expense management, which has become more important with people working remotely and bulking up their home office. Cohen said travel is only at about 20% of pre-Covid levels, but growth in other expense categories is offsetting some of those declines. He said TripActions' new tools help customers put policies in place for what can and can't be expensed.
Cohen said the company, which is based in Silicon Valley, has ambitious plans to build out its global workforce and operations in cities like Amsterdam, Sydney and London. While it's been in hiring mode of late, total headcount sits at 700, well below the 1,100 employees before the crisis. Cohen called the secondary sale a good opportunity to get some liquidity "for people on this journey and on the ups and downs." He also said it was a way to satisfy investor demand without causing excess dilution.For Gil, investing at this high a price is unusual. He spends most of his time with early-stage start-ups and building his own companies.
Nope. Video chat has existed since 2003. 17 years! Who wants to waste time and money for nothing when you could just use video conferencing. Not a difficult decision.
Biz travel will never be the same. People have learned to work effectively virtually and it will be hard to re-inflate biz travel budgets before 2025.
It will. Just mind your time horizon. At the current vaccination pace California won’t start to get to people under 65 until June.
Where can one invest into TripActions!
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