SAP Global Managing Board has written a letter to its customers explaining the need for acquiring Concur Technologies.
ALSO READ: Why SAP is spending $7.3 bn to acquire a tiny Concur Technologies
It is our great pleasure to share the news that SAP announced its intention to acquire Concur. This decision supports SAP’s ambition to help all customers Run Simple.
Concur is the leader in the multi-billion market for travel and expense management software. With more than 23,000 customers and 4,200 employees, Concur will extend SAP’s business network. With more than $600 billion in transaction volume, SAP has the largest business network in the world and delivers frictionless commerce across more than 25 different industries. With Concur, SAP can now address annual corporate travel spend of $1.2 trillion worldwide.
Together, Concur and SAP can offer truly a unique business value proposition for you:
Concur can enhance the value proposition of the SAP business network by addressing one of the important enterprise spend categories – Travel; in conjunction with Ariba and FieldGlass solutions, you can manage most of your critical spend categories effectively in SAP business network powered by SAP HANA.
Together, SAP and Concur can deliver the most comprehensive solution for managing corporate travel spend and deliver deep analytics capabilities while being compliant with your corporate travel policies.
Concur solutions can enable your employees and end users to have a simplified experience, anywhere, on any device and complemented by wide range of travel services such as trip management, itinerary management and automation.
Our intended acquisition of Concur is expected to close in the fourth quarter of 2014 or first quarter of 2015, subject to Concur stockholder approval, clearance by the relevant regulatory authorities and satisfaction of other customary closing conditions.
Please know that all of us at SAP are tremendously excited at the opportunity to both welcome Concur to the SAP family and help bring additional value to all of our customers. We look forward to detailing the value that Concur, and the entire SAP business network can bring to your business.
