SAP Concur: Difference between revisions

SAP Concur^[1]
Company type	Subsidiary
Industry	Software (Travel & Expense Management)
Founded	1993; 31 years ago
Founders	Rajeev Singh; Steve Singh; Mike Hilton;
Headquarters	Bellevue, Washington, United States
Key people	Jim Lucier, President
Number of employees	4,600+
Parent	SAP SE
Website	www.concur.com

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SAP Concur (formerly Concur Technologies) is an American software as a service company providing travel and expense management services to businesses.^[4] Its headquarters are in Bellevue, Washington.^[4] SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion.^[4] The deal was completed in December 2014.^[2]

History

SAP Concur was co-founded by Mike Hilton and brothers Rajeev and Steve Singh.^[5] It was headed by Mike Eberhard from November 2016 until April 2019, when he stepped down and was replaced by Jim Lucier as company president.^[6]^[7]^[8]

The company's headquarters are in Bellevue, Washington, with additional offices in Eden Prairie and St. Louis Park, Minnesota, Allen, Texas, and Vienna, Virginia, in the USA, as well as in Asia, Australia, and Europe.^[9]

In 2014, SAP entered into an agreement to acquire Concur Technologies for US$8.3 billion.^[10]^[11] The acquisition was completed on December 4, 2014.^[12]^[13]

During an August 2018 briefing, the Department of Defense announced that it was partnering with SAP Concur to update the Defense Travel System used for its active duty, reserve, and civilian personnel.^[14]

External links

Official website

References

^ "Concur Is Now SAP Concur". SAP Concur.
^ ^a ^b Soper, Taylor (4 December 2014). "Done deal: SAP completes $8.3B acquisition of Concur". GeekWire. Retrieved 1 February 2017.
^ "SAP Concur Leadership". SAP Concur. Retrieved 5 May 2020.
^ ^a ^b ^c Cook, John (18 September 2014). "SAP buying Concur for $8.3 billion". GeekWire. Retrieved 1 February 2017.
^ Lerman, Rachel; Demmitt, Jacob (5 January 2022). "Concur co-founders Rajeev Singh, Mike Hilton to step down Jan. 30 after $8.3B SAP acquisition". American City Business Journals.
^ Concur. "Concur Appoints Mike Eberhard as Company President". www.prnewswire.com (Press release). Retrieved 2023-06-16.
^ "Concur president Elena Donio leaving company after 18 years; Mike Eberhard assumes role".
^ Campbell, Jay (2019-04-29). "Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald". The Company Dime. Retrieved 2023-06-16.
^ "Concur Global Office Locations". SAP Concur.
^ Mahadevan, Neetha; Doerner, Stephan (September 19, 2014). "SAP to Acquire Concur Technologies". Wall Street Journal – via www.wsj.com.
^ Gelles, David (September 18, 2014). "SAP Buys Concur Technologies for $8.3 Billion". DealBook.
^ "SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion | Experience". www.jonesday.com. Retrieved 2023-06-16.
^ "SAP acquisition of Concur expected to close on Dec. 4".
^ "DOD Selects SAP Concur to Develop Business Travel System Prototype". Afcea International. August 16, 2018.

[1] "Concur Is Now SAP Concur". SAP Concur.

[SAPDeal-2] Soper, Taylor (4 December 2014). "Done deal: SAP completes $8.3B acquisition of Concur". GeekWire. Retrieved 1 February 2017.

[3] "SAP Concur Leadership". SAP Concur. Retrieved 5 May 2020.

[SAPBuyout-4] Cook, John (18 September 2014). "SAP buying Concur for $8.3 billion". GeekWire. Retrieved 1 February 2017.

[5] Lerman, Rachel; Demmitt, Jacob (5 January 2022). "Concur co-founders Rajeev Singh, Mike Hilton to step down Jan. 30 after $8.3B SAP acquisition". American City Business Journals.

[6] Concur. "Concur Appoints Mike Eberhard as Company President". www.prnewswire.com (Press release). Retrieved 2023-06-16.

[7] "Concur president Elena Donio leaving company after 18 years; Mike Eberhard assumes role".

[8] Campbell, Jay (2019-04-29). "Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald". The Company Dime. Retrieved 2023-06-16.

[concur.com-9] "Concur Global Office Locations". SAP Concur.

[10] Mahadevan, Neetha; Doerner, Stephan (September 19, 2014). "SAP to Acquire Concur Technologies". Wall Street Journal – via www.wsj.com.

[11] Gelles, David (September 18, 2014). "SAP Buys Concur Technologies for $8.3 Billion". DealBook.

[12] "SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion | Experience". www.jonesday.com. Retrieved 2023-06-16.

[13] "SAP acquisition of Concur expected to close on Dec. 4".

[14] "DOD Selects SAP Concur to Develop Business Travel System Prototype". Afcea International. August 16, 2018.

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+{{Short description|American expense management software company}}
-{{dablink|For the word, see [[wikt:Concur|Concur]] on Wiktionary.}}
+{{Infobox company
-{{advert|date=August 2012}}
+| name       = SAP Concur<ref>{{Cite web|url=https://www.concur.com/newsroom/article/concur-is-now-sap-concur|title=Concur Is Now SAP Concur|website=SAP Concur}}</ref>
-{{Infobox company|
-  name   = Concur |
+| logo       = Concur logo.png
+| type       = [[Subsidiary]]<ref name="SAPDeal">{{cite web|url=http://www.geekwire.com/2014/done-deal-sap-completes-acquisition-concur/ |title=Done deal: SAP completes $8.3B acquisition of Concur |last=Soper |first=Taylor |date=4 December 2014 |website=GeekWire |access-date=1 February 2017}}</ref>
-  logo   = <!-- Unsourced image removed: [[Image:Concur_logoTM_pms5545C.jpg|200px]] -->|
+| industry   = [[Software]] (Travel & Expense Management)
-  type   = |
+| founders   = {{ubl|Rajeev Singh|Steve Singh|Mike Hilton}}
-  company_slogan = click. done.|
+| founded    = {{Start date and age|1993}}
-  industry       = [[Software]] (Travel & Expense Management)|
+| location   = [[Bellevue, Washington]], United States
-  foundation     = 1993|
+| key_people = Jim Lucier, President<ref>{{cite web|url=https://www.concur.com/en-us/executive-team |title=SAP Concur Leadership |publisher=SAP Concur |access-date=5 May 2020}}</ref>
-  location       = [[Bellevue, Washington]], [[USA]]|
+| num_employees = 4,600+
-  key_people     = Steve Singh, CEO<br />Rajeev Singh, Co-Founder<br />Michael W. Hilton, Co-Founder<br />Elena Donio, President|
+| parent     = [[SAP SE]]
-  num_employees  = 4,600+ |
+| homepage   = {{Official URL}}
-  parent         = [[SAP SE]] |
-  market cap     = 7.3 billion [[USD]]<ref name=zenobank>{{cite web |url=http://www.zenobank.com/index.php?symbol=CNQR&page=quotesearch |title=Company Profile for Concur Technologies (CNQR)|accessdate=2008-10-23}}</ref>|
-  homepage       = [http://www.concur.com/ www.concur.com]
 }}
-'''Concur Technologies''' is an American [[travel management company]], providing travel and expense management services to businesses.  It is headquartered in [[Bellevue, Washington]].<ref name="concur.com">[http://www.concur.com/en-us/contact/offices]</ref> Concur entered into an agreement to be acquired by [[SAP SE]] in September 2014 for $8.3 billion.<ref>{{cite news| url=http://www.news-sap.com/sap-acquire-concur/ | work=SAP News | title=SAP to Acquire Concur, Expanding the World’s Largest Business Network}}</ref>  The acquisition was completed on December 4, 2014.
+'''SAP Concur''' (formerly Concur Technologies) is an American [[software as a service]] company providing travel and expense management services to businesses.<ref name="SAPBuyout">{{cite web|url=http://www.geekwire.com/2014/breaking-sap-buying-concur-technologies-8-3-billion/ |title=SAP buying Concur for $8.3 billion |last=Cook |first=John |date=18 September 2014 |website=GeekWire |access-date=1 February 2017}}</ref> Its headquarters are in [[Bellevue, Washington]].<ref name="SAPBuyout" /> [[SAP SE]] agreed to acquire Concur Technologies in September 2014 for $8.3 billion.<ref name="SAPBuyout"/> The deal was completed in December 2014.<ref name="SAPDeal" />
-==Current status==
+==History==
+SAP Concur was co-founded by Mike Hilton and brothers Rajeev and Steve Singh.<ref>{{cite web |url=https://www.bizjournals.com/seattle/blog/techflash/2015/01/concur-co-founders-rajeev-singh-mike-hilton-to.html |title=Concur co-founders Rajeev Singh, Mike Hilton to step down Jan. 30 after $8.3B SAP acquisition |date=5 January 2022 |first1=Rachel |last1=Lerman |first2=Jacob |last2=Demmitt |publisher=[[American City Business Journals]]}}</ref> It was headed by Mike Eberhard from November 2016 until April 2019, when he stepped down and was replaced by Jim Lucier as company president.<ref>{{Cite press release |last=Concur |title=Concur Appoints Mike Eberhard as Company President |url=https://www.prnewswire.com/in/news-releases/concur-appoints-mike-eberhard-as-company-president-599464981.html |access-date=2023-06-16 |website=www.prnewswire.com |language=en}}</ref><ref>{{Cite web |title=Concur president Elena Donio leaving company after 18 years; Mike Eberhard assumes role |url=https://www.geekwire.com/2016/concur-president-elena-donio-leaving-company-18-years-mike-eberhard-assumes-role/ |url-status=}}</ref><ref>{{Cite web |last=Campbell |first=Jay |date=2019-04-29 |title=Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald |url=https://www.thecompanydime.com/sap-concur-eberhard-macdonald/ |access-date=2023-06-16 |website=The Company Dime |language=en-US}}</ref>
-The company was co-founded by Steve Singh, its CEO and Chairman of the Board.  It has grown to more than 20,000 clients and 25 million travelers in over 100 countries. The company completed fiscal 2011 with total revenue of $349 million.<ref>[http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=CNQR:US Concur Technologies, Inc. (CNQR.O): Financials & Financial Statement Analysis<!-- Bot generated title -->]</ref>
-Concur is headquartered in Bellevue, Washington, with additional offices in [[Vienna, Virginia|Vienna (Virginia)]], [[Eden Prairie, Minnesota|Eden Prairie (Minnesota)]], [[Europe]], [[Asia]], and [[Australia]].<ref name="concur.com"/>
+The company's headquarters are in [[Bellevue, Washington]], with additional offices in [[Eden Prairie, Minnesota|Eden Prairie]] and [[St. Louis Park, Minnesota]], [[Allen, Texas]], and [[Vienna, Virginia]], in the USA, as well as in [[Asia]], Australia, and [[Europe]].<ref name="concur.com">{{Cite web|url=https://www.concur.com/en-us/contact/offices|title=Concur Global Office Locations |website= SAP Concur}}</ref>
+In 2014, [[SAP SE|SAP]] entered into an agreement to acquire Concur Technologies for US$8.3 billion.<ref>{{Cite news|url=https://www.wsj.com/articles/sap-to-acquire-concur-technologies-1411076535|title=SAP to Acquire Concur Technologies|first1=Neetha|last1=Mahadevan|first2=Stephan|last2=Doerner|newspaper=Wall Street Journal |date=September 19, 2014|via=www.wsj.com}}</ref><ref>{{Cite web|url=https://dealbook.nytimes.com/2014/09/18/sap-buys-concur-technologies-for-8-3-billion/|title=SAP Buys Concur Technologies for $8.3 Billion|first=David|last=Gelles|date=September 18, 2014|website=DealBook}}</ref> The acquisition was completed on December 4, 2014.<ref>{{Cite web |title=SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion {{!}} Experience |url=https://www.jonesday.com/en/practices/experience/2014/12/sap-acquires-leading-global-provider-of-travel-and-expense-management-solutions-concur-technologies-for-83-billion |access-date=2023-06-16 |website=www.jonesday.com |language=en}}</ref><ref>{{Cite web |title=SAP acquisition of Concur expected to close on Dec. 4 |url=https://www.geekwire.com/2014/sap-acquisition-concur-expected-close-dec-4/}}</ref>
-Some statistics about the company are:
-* It was number 57 on ''[[Forbes]]'' magazine's 100 Best Small Companies in 2010<ref>{{cite news| url=http://www.forbes.com/lists/2009/23/small-companies-09_Concur-Technologies_QTNC.html | work=Forbes | title=#57 Concur Technologies | date=October 14, 2009}}</ref>
-* It was number 2 on CIOZone's 50 Fastest-Growing Software Companies in 2009<ref>[http://www.ciozone.com/index.php/Editorial-Research/CIOZone-s-50-Fastest-Growing-Software-Companies/Web-Services-Companies-Outpacing-Industry.html]</ref>
-* It was number 28 on [[Business 2.0]]'s 100 Fastest-growing tech companies list for 2007<ref>[http://money.cnn.com/magazines/business2/b2fastestgrowing/2007/full_list/index.html Business 2.0 – 100 Fastest-growing tech companies]</ref> and number 79 on [[BusinessWeek]]'s "top 100 small companies to watch"<ref>[http://www.businessweek.com/magazine/content/07_23/b4037401.htm BusinessWeek, June 4, 2007 – Hot Growth, By Christopher Palmeri – The Shock Of The Old]</ref>
-* The company was named to the [[Seattle Times]] NW 100 ranked at #12 and was previously ranked at #4.  To rise to the top of The Seattle Times' rankings, companies must excel over a two-year span on four performance measurements: return on equity, stock-price appreciation, sales per employee and operating income.<ref>{{cite news| url=http://texis.seattletimes.nwsource.com/cgi-bin/texis.cgi/nw100/profile?stock_symbol=CNQR | work=The Seattle Times | first=Drew | last=DeSilver | title=Buyouts reshape region's business}}</ref>
+During an August 2018 briefing, the [[United States Department of Defense|Department of Defense]] announced that it was partnering with SAP Concur to update the Defense Travel System used for its active duty, reserve, and civilian personnel.<ref>{{Cite news|url=https://www.afcea.org/content/dod-selects-sap-concur-develop-business-travel-system-prototype|title=DOD Selects SAP Concur to Develop Business Travel System Prototype|date=August 16, 2018|newspaper=Afcea International}}</ref>
-On 18 September 2014 it was announced that [[SAP SE]] entered into an agreement to acquire Concur in a deal that valued Concur at approximately US$8.3Bn <ref>{{cite news| url=http://www.news-sap.com/sap-acquire-concur/ | work=SAP News | title=SAP to Acquire Concur, Expanding the World’s Largest Business Network}}</ref>
-==Controversies==
-The company made news in March 2009 when it was uncovered that Steve Singh, its president and CEO, did not graduate from the [[University of Michigan]] with an engineering degree as had been previously claimed in corporate filings (until 2007). While Mr. Singh had attended the university, he left before graduation to pursue his entrepreneurial interests.<ref name=Degree>{{cite news | url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abk9zuNeTKlQ | work=Bloomberg | first=Peter J. | last=Brennan |author2=Hart, Dan | title = Concur Technologies Board Supports Chairman Singh |date=22 March 2009}}</ref> The board of Concur expressed confidence in his abilities and retained Singh in his current positions and said that they continued to have "complete confidence" in him following the disclosure, while expressing "regret that the mistake occurred".<ref name=Degree/>
-==Acquisitions==
-The following is a list of acquisitions by Concur:
-* GDSX, TRX (July 2013)<ref>http://www.rttnews.com/2151879/concur-technologies-acquires-gdsx-trx.aspx</ref>
-* conTgo (Mar 2013)<ref> http://techcrunch.com/2013/03/11/concurs-travel-shopping-spree-continues-buys-contgo-for-its-travel-based-messaging-platform</ref>
-* GlobalExpense (July 2011)<ref>http://www.concur.com/en-us/media-resources/press-releases/07-05-11</ref>
-* TripIt (January 2011)<ref>http://blog.tripit.com/2011/01/tripit-joins-concur-to-become-bigger-better-and-stronger.html</ref>
-* Etap-On-Line (completed August 1, 2009)<ref>[http://www.concur.com/etaponline]</ref>
-* [[Gelco]] (completed October 1, 2007)<ref>{{cite news| url=http://www.bizjournals.com/twincities/stories/2007/07/30/daily9.html?ana=from_rss | title=Gelco sold to Concur Technologies | date=July 30, 2007}}</ref>
-* Outtask (2006)<ref>[http://blogs.zdnet.com/SAAS/?p=98 Concur splurges $88m on Outtask | Software as Services | ZDNet.com<!-- Bot generated title -->]</ref>
-* Captura (2002)<ref>[http://www.internetnews.com/xSP/article.php/1437801 InternetNews Realtime IT News – Concur Technologies Acquires Captura<!-- Bot generated title -->]</ref>
-* Seeker Software (1999)<ref>[http://sec.edgar-online.com/1999/06/23/16/0000891618-99-002817/Section3.asp CONCUR TECHNOLOGIES INC - CNQR Securities Registration Statement (S-1/A) RISK FACTORS<!-- Bot generated title -->]</ref>
-* 7Software (1998)<ref>[http://news.cnet.com/Portables-new-identity/2100-1001_3-214127.html CNET - Portable's new identity]</ref>
-== Products ==
-Concur's [[Software as a service|on-demand]] [[software as a service]] (SaaS) solutions include:
-;Concur Travel & Expense: web and mobile solutions for travel and expense management. It includes corporate travel booking, expense report automation, reimbursement, audit, and business intelligence, and corporate card integration. It is offered in multiple [[edition]]s (Small Business, Standard, Concurforce, Professional, Premium)
-;TripIt: mobile travel organizer for individuals, with more than 5 million users.
-In 2013, Concur's iOS app was selected by Apple for "Editor's Choice" category.
-== Key competitors ==
-According to a recent report from TechNavio,<ref>[http://www.technavio.com/pressrelease/concur-technologies-identified-as-a-major-vendor-in-the-global-saas-based-expense TechNavio identifies Concur Technologies as a Major Vendor in Global SaaS-based Expense Mgmt Market]</ref> Concur's key competitors include [[Ariba]](SAP), IBM, Oracle, Apptricity, Cybershift, [[Insperity]], [[Infor]] Global Solutions, and SutiSoft. A few of these vendors - Oracle and Sutisoft in particular - are focusing on providing integration platforms for end-to-end SaaS solutions.
-== Acquired by SAP ==
-SAP has entered into an agreement to acquire Concur Technologies <ref>[http://online.wsj.com/articles/sap-to-acquire-concur-technologies-1411076535]</ref> for $8.3 Billion US. <ref>{http://dealbook.nytimes.com/2014/09/18/sap-buys-concur-technologies-for-8-3-billion/?_php=true&_type=blogs&_r=0]</ref>  The acquisition was completed on December 4, 2014.
 == See also ==
+* [[Application service provider]]
 * [[Expense management]]
+* [[Fieldglass]]
 * [[Web application]]
-* [[Application service provider]]
 == External links ==
+* {{Official website}}
-* [http://www.concur.com/ Concur Home Page]
-* [http://finance.google.com/finance?q=CNQR/ Concur on Google Finance]
 == References ==
-{{Reflist|2}}
+{{Reflist}}
+{{SAP SE}}
-[[Category:Companies based in Redmond, Washington]]
+[[Category:2014 mergers and acquisitions]]
-[[Category:Companies listed on NASDAQ]]
+[[Category:American subsidiaries of foreign companies]]
-[[Category:Companies established in 1993]]
+[[Category:Companies based in Bellevue, Washington]]
-[[Category:Computer companies of the United States]]
+[[Category:Companies formerly listed on the Nasdaq]]
+[[Category:Expense management]]
+[[Category:SAP SE acquisitions]]
 [[Category:Software companies based in Washington (state)]]
-[[Category:SAP acquisitions]]
+[[Category:Software companies established in 1993]]
+[[Category:Software companies of the United States]]
 [[Category:Travel management]]

v t e SAP
Founders	Dietmar Hopp Hans-Werner Hector Hasso Plattner Klaus Tschira Claus Wellenreuther
Board of directors	Hasso Plattner (Chairman) Lars Lamadé (Deputy Chairman) Pekka Ala-Pietilä Thomas Bamberger Panagiotis Bissiritsas Wilhelm Haarmann Peter Koop Christiane Kuntz-Mayr Bernard Liautaud Gerhard Maier Hartmut Mehdorn Hans-Bernd Meier Joachim Milberg Erhard Schipporeit Stefan Schulz Klaus Wucherer
Executive board	Christian Klein (CEO) Adaire Fox-Martin (Global Customer Operations) Luka Mucic (CFO) Juergen Mueller (Co-CTO) Thomas Saueressig (Co-CTO)
Technologies	SAP HANA SAP Netweaver Service-oriented architecture Enterprise modelling Application lifecycle management Enterprise mobility
Major locations	Corporate/EMEA headquarters: Walldorf, Germany Americas HQ: Newtown Square, USA Asia-Pacific HQ: Singapore
Major SAP Labs locations (R&D)	Bangalore, India Palo Alto, US São Leopoldo, Brazil Ra'anana, Israel Shanghai, China Sophia Antipolis, France Montreal, Canada
Acquisitions	Ariba Concur Technologies BusinessObjects SuccessFactors Sybase Taulia
Sponsorships	Andy Roddick Cirque du Soleil Paula Creamer Ernie Els New York Yankees SAP Center SAP Open San Jose Sharks Miami Open Tribeca Festival TSG 1899 Hoffenheim
See also	Americas' SAP Users' Group openSAP SAP employee representation