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SAP Acquires Concur for Estimated $8.3 Billion

SAP Acquires Concur for Estimated $8.3 Billion

SAP announced it has acquired a business travel management software provider that will beef up its HANA platform.

It will acquire Bellevue, Wash.,-based Concur Technologies for an estimated $8.3 billion. Concur comes with 23,000 customers and 4,200 employees, according to a letter to customers from the SAP Global Managing Board.

SAP officials said this supports the SAP "run simple" plan for business software.

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