Navan Buys BoomPop to Expand Into Meetings and Events
Corporate travel platform Navan has acquired AI-powered event management startup BoomPop to integrate venue sourcing, RFPs, and room blocks into its core system. The tool will be rebranded as Navan Events, directly challenging competitors like Cvent amid Navan's 35% year-over-year revenue growth.
Key Takeaways
- 1Navan acquired BoomPop for an undisclosed sum, rebranding it as Navan Events with no layoffs planned.
- 2BoomPop provides AI-assisted venue sourcing, room block management, RFPs, and event payments.
- 3The deal was announced alongside Q2 revenue of $233 million, up 35% year over year.
Source: Skift
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