Concur announced plans to sell $250 million in debt securities to institutional investors for "general corporate purposes, including potential acquisitions and strategic transactions

," according to the company. In a research note, McAdams Wright Ragen equity research senior vice president Sid Parakh identified Farelogix, KDS and companies like them as possibilities. "We do not expect to see very large transactions," the analyst wrote, "rather a mix of small to medium-sized deals."