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Snowfall (company)
Junction (formerly known as Snowfall Limited) is an online travel management, content and payments company. History Snowfall began with passenger service system software and mobile applications for rail and ferry providers in Sweden. By 2014, the company was listed by Swedish newspaper Dagens industri as one of Sweden's 900 fastest growing companies. MTR partnership, lawsuits, and liquidation Snowfall began working with MTR as their IT provider for the MTR Express in Sweden in 2015. The partnership appeared deep, even as staff moved between the companies such as the marketing manager, Per Nasfi. Snowfall's founder and CEO, Stefan Cars, even acted as MTR's CTO. In June 2017 a joint venture between MTR and Guangshen Railway Company was shortlisted to bid for the West Coast Partnership franchise to commence in 2019. In December 2018 it was accounced that Spanish operator Renfe Operadora joined their bid, with Snowfall as a software subcontractor and Trainline providing a dist ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Snowfall Logo
Snow consists of individual ice crystals that grow while suspended in the atmosphere—usually within clouds—and then fall, accumulating on the ground where they undergo further changes. It consists of frozen crystalline water throughout its life cycle, starting when, under suitable conditions, the ice crystals form in the atmosphere, increase to millimeter size, precipitate and accumulate on surfaces, then metamorphose in place, and ultimately melt, slide, or Sublimation (phase transition), sublimate away. Snowstorms organize and develop by feeding on sources of atmospheric moisture and cold air. Snowflakes Nucleation, nucleate around particles in the atmosphere by attracting supercooling, supercooled water droplets, which Freezing, freeze in hexagonal-shaped crystals. Snowflakes take on a variety of shapes, basic among these are platelets, needles, columns, and Hard rime, rime. As snow accumulates into a snowpack, it may blow into drifts. Over time, accumulated snow m ...
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Travel Management
Corporate travel management is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management and travel and expenses ('T&E') data management. CTM should not be confused with the work of a traditional travel agency. While agencies provide the day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in policy. In other words, CTM decides on the class of service which employees are allowed to fly, negotiates corporate fares/rates with airlines and hotels and determines how corporate credit cards are to be used. The agency on the other hand makes the actual reservation within the parameters given by the corporation. For many companies, T&E costs represent the second highest controllable annual expense, exceeded only by salary and benefits, and ar ...
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TravelPerk
TravelPerk is a travel-management company that provides companies with a variety of travel- and expense-management services. The company is headquartered in Barcelona, with business hubs in London, Birmingham, Edinburgh, Berlin, Chicago, Boston, and Miami. The company raised $409 million at the end of its Series D funding round in 2022, achieving unicorn status and a valuation of over $1 billion. History TravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by Booking.com), Javier Suarez, and Ron Levin. Their aim was to create an all-in-one platform that’s aimed at making business travel management easier and keeping travelers happy. Shortly after being founded, TravelPerk received a $7 million series A round led by Spark Capital. In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone, and Amplo. In July 2019, the company finalized a two-part, $104 million series C funding backed b ...
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Serko
Serko Limited, known as Serko, is a travel management and expense technology company headquartered in New Zealand. Serko was publicly listed on the New Zealand Stock Exchange in June 2014 and on the Australian Stock Exchange in 2018 under the ticker code SKO. In October 2019, Booking Holdings purchased 4.7% as part of a partnership deal. In 2020 Serko won the New Zealand High-Tech Awards, winning company of the year. History Serko was founded in 2007 by Darrin Grafton and Robert Shaw, based on a previous business idea. In 2012 Serko received a $2.3 million NZD grant from Callaghan Innovation, the R&D investment arm of the New Zealand Government, and commenced an international expansion, opening a development office in Xi'an, China. Serko was subsequently listed on the New Zealand Stock Market in 2014. With the new capital raising, Serko purchased Incharge, an expense provider in 2014, and Arnold Travel Technology in 2015 from Expedia Group. In 2018 Serko launched into the N ...
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SAP Concur
SAP Concur (formerly Concur Technologies) is an American software as a service company providing travel and expense management services to businesses. Its headquarters are in Bellevue, Washington. SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion. The deal was completed in December 2014. History SAP Concur was co-founded by Mike Hilton and brothers Rajeev and Steve Singh. It was headed by Mike Eberhard from November 2016 until April 2019, when he stepped down and was replaced by Jim Lucier as company president. The company's headquarters are in Bellevue, Washington, with additional offices in Eden Prairie and St. Louis Park, Minnesota, Allen, Texas, and Vienna, Virginia, in the USA, as well as in Asia, Australia, and Europe. In 2014, SAP entered into an agreement to acquire Concur Technologies for US$8.3 billion. The acquisition was completed on December 4, 2014. During an August 2018 briefing, the Department of Defense announced that it was partn ...
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Mobile Application
A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on desktop computers, and web applications which run in mobile web browsers rather than directly on the mobile device. Apps were originally intended for productivity assistance such as email, calendar, and contact databases, but the public demand for apps caused rapid expansion into other areas such as mobile games, factory automation, GPS and location-based services, order-tracking, and ticket purchases, so that there are now millions of apps available. Many apps require Internet access. Apps are generally downloaded from app stores, which are a type of digital distribution platforms. The term "app", short for " application", has since become very popular; in 2010, it was listed as " Word of the Year" by the American Dialect Society. Ap ...
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LinkedIn
LinkedIn () is an American business and employment-oriented Social networking service, social network. It was launched on May 5, 2003 by Reid Hoffman and Eric Ly. Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft. The platform is primarily used for professional networking and career development, and allows jobseekers to post their Curriculum vitae, CVs and employers to post jobs. From 2015, most of the company's revenue came from Information broker, selling access to information about its members to recruiters and sales professionals and has also introduced their own ad portal named LinkedIn Ads to let companies advertise in their platform. LinkedIn has more than 1 billion registered members from over 200 countries and territories. LinkedIn allows members (both employees and employers) to create profiles and connect with each other in an online social network which may represent real-world professional relationships. Members can invite anyone (whet ...
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Amadeus IT Group
Amadeus IT Group, S.A. () is a major Spanish multinational technology company that provides software for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses. The company is structured around two areas: its global distribution system and its Information Technology business. Amadeus provides search, pricing, booking, ticketing and other processing services in real-time to travel providers and travel agencies through its Amadeus CRS distribution business area. It also offers computer software that automates processes such as reservations, inventory management software and departure control systems. It services customers including airlines, hotels, tour operators, insurers, car rental and railway companies, ferry and cruise lines, travel agencies and individual travellers directly. Amadeus processed 945 million billable travel tran ...
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Swedish Economic Crime Authority
The Swedish Economic Crime Authority (, abbreviated EBM or SECA) is a Swedish government agency organized under the Ministry of Justice, with the mandate to investigate and prosecute financial crimes, like dishonesty to creditors, bookkeeping crime, financial market abuse, money laundering, tax fraud and EU fraud. SECA is also tasked to monitor and analyse economic crime trends, initiate joint action between authorities and propose legislative changes designed curb economic crime. SECA primarily focusses on serious economic crime, with a special emphasis on investigating crime in the financial market and recovering the proceeds of crime. History Ekobrottsmyndigheten, EBM or SECA, was set up in 1998, to safeguard the expertise of experienced police officers and prosecutors, who often got assigned to other types of investigations not related to economic crime. The authority was the first in Sweden to co-house police officers and prosecutors under the same roof. Organizational str ...
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Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the currency of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means " crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 '' öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin w ...
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