Spotnana CEO Sarosh Waghmar announced Monday on LinkedIn that he would transition to the role of co-chairman and chief product officer, making way for Concur co-founder, travel technology investor and Spotnana executive chairman Steve Singh to step into the company’s leadership role.
The move comes at a pivotal moment for Spotnana and for Singh, whose investment firm Madrona Ventures acquired mid-market specialist travel management company Direct Travel in April, where Singh currently serves as executive chairman and presumably will continue to do so. He has since hired a number of ex-Concur executives to senior posts at the newly acquired travel management company.
The Direct Travel purchase took…