Amex to buy expense manager Center to bolster offerings
Summary
Terms of the sale weren’t disclosed and Center’s 160 full-time employees will join American Express, an AmEx spokeswoman said Monday in an email . More control and tracking can lead to lower travel costs and boost efficiency in terms of complying with a company’s agreements with airlines and hotel chains. Center was established with the belief that expense management should be as “seamless as swiping a card,” Naveen Singh wrote Thursday in a company blog post. “We’ve always believed that card and expense should be deeply connected, giving businesses real-time visibility, control, and ease over how they manage spending,” Singh wrote. Center’s purchase by American Express will not affect its relationship with Spotnana or the other Madrona-led companies, Steve Singh said in a statement to Business Travel News last week.