Expense management technology supplier Concur this week announced it has acquired European competitor Etap-On-Line, doubling its European operations.
The Paris-based Etap-On-Line is the provider of the Ulysse Travel & Expenses Tool, which has in total about 900,000 users, mostly European and pan-European clients, though the company also recently had opened subsidiaries in the United Kingdom and Canada
(BTNonline, March 18). Concur closed the acquisition on Saturday.
Concur president and COO Rajeev Singh said Etap-On-Line customers would still have access to the same staff members with whom they previously have been working. Additionally, as of this week, they will begin having access to Concur's customer base for benchmarking capabilities and best practice audits, he said.
Acquiring Etap-On-Line also will benefit Concur customers, particularly those with users in Europe, according to Singh. With the acquisition, Concur now has operation centers in Paris, London, Prague and Frankfurt. "That increase in size and scope gives us the capacity to deliver greater service on the ground in Europe and make sure that our clients' operations in Europe receive the real-time support they require," Singh said in a video message about the acquisition.