Navan acquires AI-powered events platform BoomPop
NAVN•Guidance unchanged
Navan expects no material impact on its previously issued guidance.
Platform usage and deal rationale
The platform has supported events for about 250,000 people, estimating average customer booking cost reductions of about 30%.
The deal follows an earlier partnership, targeting a larger share of meetings and events spend that sits outside managed channels.
Navan expands into meetings and events with BoomPop acquisition
Navan acquired BoomPop, an AI-powered meetings and events platform, expanding its offerings across travel, expense, meetings, and events.
BoomPop, founded in 2023, uses AI for end-to-end event planning, including venue sourcing, room blocks, contracts, and payments.
