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Virtual Event - September 9-10, 2020
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Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.
Business software company SAP on Thursday announced it had
reached an agreement to buy travel and expense technology firm Concur
Technologies. The deal, which SAP expects to close no later than the first
quarter of 2015, is worth $8.3 billion, based on a value of $129 per Concur
"The acquisition of Concur is consistent with our
relentless focus on the business network," SAP CEO Bill McDermott said in
a statement. "We are making a bold move to innovate the future of business
within and between companies."
SAP indicted that it "will migrate all its corporate
travel and expense management to Concur's integrated solutions," though a
timeframe for that transition was not immediately disclosed.
Concur CEO Steve Singh in a statement said his company is
"excited about leveraging SAP technology, including HANA as we scale
globally," referring to SAP's cloud platform.
The deal is pending Concur shareholder approval and
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