The enterprise software giant has shown willingness to invest in acquisitions in recent years, adding a list of businesses with high investment, but Concur Technologies is the most expensive purchase ever in the history of SAP.
So far the leadership belonged to the Business Objects list, but Ariba and Sybase were also big bucks shopping in strategic areas for the company.
With the investment of 8.3 billion, some EUR 6.4 billion, SAP ensures primacy face to Oracle and Microsoft, which came to be identified as interested in Concur and in your cloud-based software.
Concur was established in 1993 and is located in Washington, with approximately 4,200 employees. The company provides solutions that help clients manage expenses and travel of its employees, a cloud software model.
According to information shared by SAP with the acquisition the company now starts to manage transactions with a value above 600 billion per year on their platforms.
Written under Orthographic new agreement
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