SAP AG acquires Concur Technologies
SAP AG (SAP) announced the acquisition of Concur Technologies on September 19, 2014. Concur Technologies is a travel and expense management software provider. The acquisition is clearly aligned with SAP’s goal to obtain two billion euro, or ~ $2.8 billion, in annual cloud revenue by 2015.
Cloud computing’s arrival and fast adoption is changing the face of the IT industry. This is one of the main reasons that established software players like Microsoft (MSFT), IBM (IBM), HP (HP), and Oracle (ORCL) are spending large amounts of money. They want to get a foothold in this market.
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Concur Technologies is based in Bellevue, Washington. It provides an integrated online and mobile business travel and expense management software solution. The solution automates travel expenses. Concur’s “Triplt app” is a mobile trip organizer application. It’s used to file expenses. It’s also used to book and track travel itineraries. Concur’s key customers are companies, universities, and the government.
SAP acquired Concur Technologies, Ariba, and Fieldglass. Ariba focuses on supply chain management. Fieldglass focuses on contingent labor management. SAP acquired the companies to boost its cloud offering revenues. If it’s able to integrate the acquisitions, it would have a huge footprint in cloud computing.
To see how these acquisitions helped SAP find a place in cloud computing, click here.
SAP’s position in SMB space
In the small and medium business (or SMB) space, Concur is expected to complement the new SAP Business One Cloud solution. The solution is powered by SAP HANA. It offers a complete suite of solutions for businesses of all sizes.