Company:SAP Concur

From HandWiki
SAP Concur[1]
TypeSubsidiary[2]
IndustrySoftware (Travel & Expense Management)
Founded1993; 31 years ago (1993)
Founders
  • Rajeev Singh
  • Steve Singh
  • Mike Hilton
HeadquartersBellevue, Washington, United States
Key people
Jim Lucier, President[3]
Number of employees
4,600+
ParentSAP SE
Website{{{1}}}

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.[4] SAP SE agreed to acquire Concur Technologies in September 2014 for $8.3 billion.[4] The deal was completed in December 2014.[2]

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]

Competitors

See also

External links

References

  1. ↑ "Concur Is Now SAP Concur". https://www.concur.com/newsroom/article/concur-is-now-sap-concur. 
  2. ↑ 2.0 2.1 Soper, Taylor (4 December 2014). "Done deal: SAP completes $8.3B acquisition of Concur". http://www.geekwire.com/2014/done-deal-sap-completes-acquisition-concur/. 
  3. ↑ "SAP Concur Leadership". SAP Concur. https://www.concur.com/en-us/executive-team. 
  4. ↑ 4.0 4.1 4.2 Cook, John (18 September 2014). "SAP buying Concur for $8.3 billion". http://www.geekwire.com/2014/breaking-sap-buying-concur-technologies-8-3-billion/. 
  5. ↑ Lerman, Rachel; Demmitt, Jacob (5 January 2022). "Concur co-founders Rajeev Singh, Mike Hilton to step down Jan. 30 after $8.3B SAP acquisition". American City Business Journals. https://www.bizjournals.com/seattle/blog/techflash/2015/01/concur-co-founders-rajeev-singh-mike-hilton-to.html. 
  6. ↑ Concur. "Concur Appoints Mike Eberhard as Company President". www.prnewswire.com (Press release). Retrieved 2023-06-16.
  7. ↑ "Concur president Elena Donio leaving company after 18 years; Mike Eberhard assumes role". https://www.geekwire.com/2016/concur-president-elena-donio-leaving-company-18-years-mike-eberhard-assumes-role/. 
  8. ↑ Campbell, Jay (2019-04-29). "Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald" (in en-US). https://www.thecompanydime.com/sap-concur-eberhard-macdonald/. 
  9. ↑ "SAP's Business Network Group"]. https://blogs.sap.com/2015/09/16/what-is-sap-s-business-networks-group-find-out-opensap/. 
  10. ↑ "Concur Global Office Locations". https://www.concur.com/en-us/contact/offices. 
  11. ↑ Mahadevan, Neetha; Doerner, Stephan (September 19, 2014). "SAP to Acquire Concur Technologies". Wall Street Journal. https://www.wsj.com/articles/sap-to-acquire-concur-technologies-1411076535. 
  12. ↑ Gelles, David (September 18, 2014). "SAP Buys Concur Technologies for $8.3 Billion". https://dealbook.nytimes.com/2014/09/18/sap-buys-concur-technologies-for-8-3-billion/. 
  13. ↑ "SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion | Experience" (in en). https://www.jonesday.com/en/practices/experience/2014/12/sap-acquires-leading-global-provider-of-travel-and-expense-management-solutions-concur-technologies-for-83-billion. 
  14. ↑ "SAP acquisition of Concur expected to close on Dec. 4". https://www.geekwire.com/2014/sap-acquisition-concur-expected-close-dec-4/. 
  15. ↑ "Inside the Latest Travel-Search Site Acquisition". Inc.com. 2016-09-14. https://www.inc.com/christine-lagorio/concur-acquires-hipmunk.html. 
  16. ↑ "DOD Selects SAP Concur to Develop Business Travel System Prototype". Afcea International. August 16, 2018. https://www.afcea.org/content/dod-selects-sap-concur-develop-business-travel-system-prototype. 



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