Concur, SAP, data and the pivoting of corporate travel
The rumoured bidding war is over – Germany-based SAP emerged as the victor in the battle to acquire Concur.
The deal for the US expense management and corporate travel IT company was $8.3 billion, more than three times as that much paid by Priceline to buy OpenTable earlier this year.
SAP was mostly known as a back office financial vendor but has clearly set its sights on expanding the footprint of the company.
First of all, there is some obvious synergy between Concur and SAP.