SAP Concur explained

SAP Concur[1]
Type:Subsidiary[2]
Industry:Software (Travel & Expense Management)
Location:Bellevue, Washington, United States
Key People:Jim Lucier, President[3]
Num Employees:4,600+
Parent:SAP SE

SAP Concur (formerly Concur Technologies) is an American SaaS company providing travel and expense management services to businesses.[4] It is headquartered in Bellevue, Washington. SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion.[4] The deal was completed in December 2014.

History

SAP Concur was co-founded by Mike Hilton and brothers Rajeev Singh 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] SAP Concur is a part of SAP's Business Network Group,[9] beside SAP Ariba and SAP Fieldglass.

The company is headquartered 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.[10]

SAP entered into an agreement to acquire Concur Technologies[11] for US$8.3 billion.[12] The acquisition was completed on December 4, 2014.[13] [14]

In 2016, Concur acquired Hipmunk, a startup company offering a flight and hotel search website.[15]

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 active duty, reserve, and civilian personnel of the DOD.[16]

See also

Notes and References

  1. Web site: Concur Is Now SAP Concur. SAP Concur.
  2. Web site: Done deal: SAP completes $8.3B acquisition of Concur . Soper . Taylor . 4 December 2014 . GeekWire . 1 February 2017.
  3. Web site: SAP Concur Leadership . SAP Concur . 5 May 2020.
  4. Web site: SAP buying Concur for $8.3 billion . Cook . John . 18 September 2014 . GeekWire . 1 February 2017.
  5. Web site: Concur co-founders Rajeev Singh, Mike Hilton to step down Jan. 30 after $8.3B SAP acquisition . 5 January 2022 . Rachel . Lerman . Jacob . Demmitt . American City Business Journals.
  6. Concur . Concur Appoints Mike Eberhard as Company President . 2023-06-16 . www.prnewswire.com . en.
  7. Web site: Concur president Elena Donio leaving company after 18 years; Mike Eberhard assumes role .
  8. Web site: Campbell . Jay . 2019-04-29 . Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald . 2023-06-16 . The Company Dime . en-US.
  9. Web site: SAP's Business Network Group]. SAP Blogs.
  10. Web site: Concur Global Office Locations . SAP Concur.
  11. News: SAP to Acquire Concur Technologies. Neetha. Mahadevan. Stephan. Doerner. Wall Street Journal . September 19, 2014. www.wsj.com.
  12. Web site: SAP Buys Concur Technologies for $8.3 Billion. David. Gelles. September 18, 2014. DealBook.
  13. Web site: SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion Experience . 2023-06-16 . www.jonesday.com . en.
  14. Web site: SAP acquisition of Concur expected to close on Dec. 4 .
  15. News: Inside the Latest Travel-Search Site Acquisition. 2016-09-14. Inc.com. 2018-02-11.
  16. News: DOD Selects SAP Concur to Develop Business Travel System Prototype. August 16, 2018. Afcea International.

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