SAP completes $8.3B acquisition of Concur

Discussion in 'Thông tin mới' started by bsdinsight, Dec 6, 2014.

  1. bsdinsight

    bsdinsight Well-Known Member


    SAP today announced that it has completed its acquisition of Bellevue-based travel and entertainment expense management software company Concur Technologies. Now that the deal is official, Concur is a wholly-owned subsidiary of SAP. The $8.3 billion deal was first announced in September.

    “Joining SAP represents the next inflection point in Concur’s journey, a pivot that will enable us to deliver greater value to organizations around the world,” CEO Steve Singh said in a blog post. “It’s an opportunity to enable a new era of effortless cloud business services.”

    Founded in 1993, Concur employs 4,200 people worldwide, has 23,000 customers, and boasts a revenue run rate of some $700 million.

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