Navan Acquires BoomPop

In a strategic expansion, Navan announced the acquisition of BoomPop, an AI‑powered platform for meetings and events. The transaction is expected to have no material impact on the company’s guidance. Navan’s President, Michael Sindicich, said the deal would scale the existing meetings and events business, accelerate the roadmap, and meet rising customer demand for connected experiences. Although the deal value was not disclosed, NAVN shares fell nearly 13% in after‑hours trading following the announcement, reflecting market caution over the integration and potential costs.