SAP Concur

Last updated
SAP Concur [1]
Company type Subsidiary [2]
Industry Software (Travel & Expense Management)
Founded1993;31 years ago (1993)
Founders
  • Rajeev Singh
  • Steve Singh
  • Mike Hilton
Headquarters Bellevue, Washington, United States
Key people
Jim Lucier, President [3]
Number of employees
4,600+
Parent SAP SE
Website www.concur.com OOjs UI icon edit-ltr-progressive.svg

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]

Contents

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

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References

  1. ↑ "Concur Is Now SAP Concur". SAP Concur.
  2. 1 2 Soper, Taylor (4 December 2014). "Done deal: SAP completes $8.3B acquisition of Concur". GeekWire. Retrieved 1 February 2017.
  3. ↑ "SAP Concur Leadership". SAP Concur. Retrieved 5 May 2020.
  4. 1 2 3 Cook, John (18 September 2014). "SAP buying Concur for $8.3 billion". GeekWire. Retrieved 1 February 2017.
  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.
  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".
  8. ↑ Campbell, Jay (2019-04-29). "Amid Reorganization, SAP Concur Will Say Goodbye To Eberhard, MacDonald". The Company Dime. Retrieved 2023-06-16.
  9. ↑ "]SAP's Business Network Group". SAP Blogs.
  10. ↑ "Concur Global Office Locations". SAP Concur.
  11. ↑ Mahadevan, Neetha; Doerner, Stephan (September 19, 2014). "SAP to Acquire Concur Technologies". Wall Street Journal– via www.wsj.com.
  12. ↑ Gelles, David (September 18, 2014). "SAP Buys Concur Technologies for $8.3 Billion". DealBook.
  13. ↑ "SAP acquires leading global provider of travel and expense management solutions Concur Technologies for $8.3 billion | Experience". www.jonesday.com. Retrieved 2023-06-16.
  14. ↑ "SAP acquisition of Concur expected to close on Dec. 4".
  15. ↑ "Inside the Latest Travel-Search Site Acquisition". Inc.com. 2016-09-14. Retrieved 2018-02-11.
  16. ↑ "DOD Selects SAP Concur to Develop Business Travel System Prototype". Afcea International. August 16, 2018.
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