Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: SAP Buys Concur for $7.4B for Travel & Expense SaaS
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > SAP Buys Concur for $7.4B for Travel & Expense SaaS
Uncategorized

SAP Buys Concur for $7.4B for Travel & Expense SaaS

CloudWedge
CloudWedge
3 Min Read
SHARE

Sap hq

Sap hq

German software giant SAP has been looking for ways to bolster its cloud revenues. Recent reports say that SAP’s vision of cloud software sales outpacing its traditional software sales by 2020. Since that news has broke, SAP has decided to bust out the checkbook and buy Concur for $7.4 billion.

Concur is one of the leaders in corporate travel and expense technology. Inside of the Concur app, employees can instantly upload receipts into the cloud which will allow their expenses to be paid or reimbursed by the company. Concur also allows organizations to get specific deals through partner agreements which allows certain organizations to get better deals on preferred airlines and hotels for employee travel. Concur is popular among large scale enterprises because it consolidates all of the travel and expense related tasks for both users and administrators all on one screen.

More Read

Who Wants Yesterday’s Papers?
Criminals Leverage Apple Pay for Fraud: Banks Boost Authentication Security
3 factors that lead to better employee performance
A Warm Reception for “Reconsidering Relevance”
Can’t Buy Me Friends

SAP paid more than 28% more than Concur’s stock price in the deal. News sources are reporting that SAP is borrowing the money to finance the transaction. SAP’s main competition looks to be Oracle, who has also been noted as spending $50 billion in related acquisitions.

Brent Thill, analyst at UBS, mentions that the aggressive nature of organizations such as SAP could “accelerate the pace of Mergers & Acquisitions in cloud software.”

Bill McDermott, CEO at SAP, said on Bloomberg TV that “This is one of the fastest growing software-as-a-service businesses in the world.” McDermott also said, “here is no No. 2 to Concur — they essentially own this market.”

Since SAP now owns Concur, SAP has a virtual lock on world’s largest corporate travel & expense Software as a Service play. Bernd Leukert from SAP highlighted SAP’s commitment to cloud by saying, “There’s no debate anymore in the IT industry that the cloud will be the preferred consumption model.” SAP is moving swiftly to acquire market share in cloud software and many experts are wondering if SAP is planning to move quickly on buying out another corporate SaaS leader in the near future.

TAGGED:sap
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

power supplies for ATX for data scientists
Why Data Scientists Should Care About SFX Power Supplies
Big Data Exclusive
AI for website optimization
Free Tools to Test Website Accessibility
Artificial Intelligence Exclusive
Generative AI models
Thinking Machines At Work: How Generative AI Models Are Redefining Business Intelligence
Artificial Intelligence Business Intelligence Exclusive Infographic Machine Learning
image fx (2)
Monitoring Data Without Turning into Big Brother
Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

SAP Big Data Chat: The Data Scientist [VIDEO]

1 Min Read

Real-Time Operations: Is the Future Now?

3 Min Read
Image
AnalyticsBig DataModeling

First Look: SAP Predictive Analytics Update

4 Min Read

SAP coming out from behind the Clouds?

8 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?