SAP’s subsidiary, SAP America, Inc., recently agreed to acquire Concur Technologies, the market leader for travel and expense (T&E) management software. The purchase is the latest in a string of major cloud software acquisitions by SAP, which is betting on cloud subscription growth to offset slumping traditional license sales.
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Buys Concur to Conquer Cloud Business Network Market Recent rumors have swirled that both Concur Technologies and TIBCO have approached SAP for a potential sale. SAP seems to have picked a smarter choice —SAP’s subsidiary, SAP America, Inc. , recently agreed to acquire the first candidate. With more than 23,000 customers, 4,200 employees, and 25 million active users in over 150 countries, Concur leads the multi-billion market for travel and expense (T&E) management software. The purchase is the