SAP acquires Concur to expand into the cloud space

SAP acquires Concur to expand into the cloud space


Nov. 20 2020, Updated 11:43 a.m. ET

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.

Click here to learn more about cloud computing.

Article continues below advertisement

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.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.