SAP Closes Deal on Concur

SAP has completed its acquisition of Concur Technologies. Concur is a provider of integrated T&E management solutions for companies of all industries and sizes, with more than 25,000 customers and 25 million active users in over 150 countries.

Concur will operate as a business unit within SAP and continue to be led by its existing management team. 

“Social networks have made it easier than ever for us to shop, share and consume. Companies want this same simplicity,” said Bill McDermott, CEO of SAP. “SAP provides the largest global network of digitally connected companies for businesses to collaborate, organize and innovate business models in entirely new ways. With the acquisition of Concur, we are expanding this network and delivering on our promise to help companies run simple. Business travel and expense management are notorious business challenges for companies worldwide. I’m thrilled for our customers that the leading solutions for travel and expense management are now part of the SAP Cloud portfolio.” 

Leveraging the collaborative commerce capabilities of Ariba, an SAP company, the workforce management capabilities of Fieldglass, the travel and expense capabilities of Concur and the real-time in memory capabilities of the SAP HANA platform, SAP says it can enable companies to link a virtual network of partners into a shared community and execute key business processes — from procurement, invoicing and payment to staff augmentation and talent management — in a more efficient way.

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SAP has agreed to acquire Concur, a provider of travel and expense (T&E) management software, for $8.3 billion. "The acquisition of Concur is consistent with our relentless focus on the business network," said Bill McDermott, CEO of SAP, in a statement released by the company. "We are making a bold move to innovate the future of business within and between companies. With Ariba, Fieldglass and Concur, SAP is the undisputed business network company."

Posted September 24, 2014