Lots going on in the Northwest tech scene today (though not as much snow as in New England, let me tell you). Let’s get right to it:
—Concur (NASDAQ: [[ticker:CNCR]]), the Redmond, WA-based travel and expense management software company, said today it has agreed to buy TripIt, a mobile travel firm based in San Francisco, for $82 million in upfront cash and stock, plus subsequent adjustments that could bring the total value to as much as $120 million. Last July, Xconomy did a Q&A with Concur co-founder and chief operating officer Raj Singh about the company’s history—and where it’s headed.
—Corensic, a software startup out of the University of Washington (originally called PetraVM), has secured $4.5 million in Series A-1 financing, led by Madrona Venture Group and WRF Capital. The news was reported by Dow Jones VentureWire. Corensic, which was co-founded by Luis Ceze and Mark Oskin, makes development tools to help companies fix bugs in software running on multi-core processors.
—Teradici, a Burnaby, BC-based developer of desktop virtualization and display technology, announced a strategic investment and development agreement from In-Q-Tel, the investment arm of the CIA and U.S. intelligence community. Terms were not disclosed (duh). Teradici was founded in 2004 and takes advantage of graphics algorithms and high-performance computing to try to reinvent how PCs are used, deployed, and managed.