SAP Concur (formerly Concur Technologies) is an American

SaaS Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is co ...

company providing travel and expense management services to businesses. It is headquartered in

Bellevue, Washington Bellevue ( ) is a city in the Eastside region of King County, Washington, United States, located across Lake Washington from Seattle. It is the third-largest city in the Seattle metropolitan area and has variously been characterized as ...

SAP SE Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a ...

agreed to acquire Concur Technologies in September 2014 for $8.3 billion. The deal was completed in December 2014.

History

SAP Concur was co-founded by Mike Hilton and brothers Rajeev Singh and Steve Singh. It is now headed by Mike Eberhard, and part of SAP's Business Network Group, beside

SAP Ariba SAP Ariba is an American software and information technology services company located in Palo Alto, California. It was acquired by German software maker SAP SE for $4.3 billion in 2012. Company beginnings Ariba (now SAP Ariba) was founded in ...

and SAP Fieldglass. The company is headquartered in

, with additional offices in

Eden Prairie Eden Prairie is a city southwest of downtown Minneapolis in Hennepin County and the 16th-largest city in the State of Minnesota, United States. As of the 2020 census, it has a population of 64,198. The city is adjacent to the north bank of th ...

and St. Louis Park, Minnesota,

Allen, Texas Allen is a city in Collin County in the U.S. state of Texas, and a northern suburb of Dallas. According to the 2020 U.S. census its population was 104,627, up from 84,246 in 2010. Allen is located approximately twenty miles (32.2 km) nor ...

, and

Vienna, Virginia Vienna () is a town in Fairfax County, Virginia, United States. As of the 2020 U.S. census, Vienna has a population of 16,473. Significantly more people live in ZIP codes with the Vienna postal addresses (22180, 22181, and 22182), bordered approx ...

, in the USA, as well as in

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

, Australia, and

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

. SAP entered into an agreement to acquire Concur Technologies for US$8.3 billion. The acquisition was completed on December 4, 2014. In 2016, Concur acquired Hipmunk, a startup company offering a flight and hotel search website. During an August 2018 briefing, the

Department of Defense Department of Defence or Department of Defense may refer to: Current departments of defence * Department of Defence (Australia) * Department of National Defence (Canada) * Department of Defence (Ireland) * Department of National Defense (Philipp ...

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.

Competitors

Amadeus IT Group Amadeus IT Group, S.A. () is a major Spanish IT provider for the global travel and tourism industry. Company profile The company is structured around two areas: its global distribution system and its Information Technology business. Amadeus pro ...

* Chrome River Technologies *

Coupa Coupa Software is a global technology platform for Business Spend Management (BSM). The company is headquartered in San Mateo, California with offices throughout Europe, Latin America, and Asia Pacific. Coupa helps companies gain visibility int ...

* Egencia *

Expedia Group Expedia Group, Inc. is an American online travel shopping company for consumer and small business travel. Its websites, which are primarily travel fare aggregators and travel metasearch engines, include Expedia.com, Hotels.com, Vrbo (previous ...

's Corporate Travel *

Expensify Expensify is a software company that develops an expense management system for personal and business use. Expensify also offers a business credit card called the Expensify Card. History Expensify was founded in 2008 by current CEO David Barrett. ...

Lola.com Lola.com is a software as a service (SaaS) company based in Boston, Massachusetts. It is best known for developing corporate travel management and expense software for web browsers, the App Store and Google Play. The company was founded in 2015 b ...

* Pana * Sabre Getthere * TripActions * Webexpenses * Botmatic solution

External links

References

{{SAP SE 2014 mergers and acquisitions American subsidiaries of foreign companies Companies based in Bellevue, Washington Companies formerly listed on the Nasdaq Expense management SAP SE acquisitions Software companies based in Washington (state) Software companies established in 1993 Software companies of the United States Travel management

History

Competitors

See also

External links

References