Travel and expense management firm Concur signed a definitive agreement to acquire a compeititor, London-based GlobalExpense, for £12 million, or about $19.75 million.
The transaction is part of a Concur buying and investment binge, all part of its effort to assert market leadership in various global markets. For example, only two month ago, Concur took a $40 million stake in India’s Cleartrip.
Steve Singh, chairman and CEO of Redmond, Wash.-headquartered Concur, says of the pending GlobalExpense acquisition:
Read full story at:http://www.tnooz.com/2011/06/07/news/concur-eyes-growth-in-europe-with-globalexpense-acquisition/
