BELLEVUE and WALLDORF — Concur, Inc. (Nasdaq: CNQR) and SAP SE (NYSE: SAP) today announced that Concur’s shareholders approved SAP’s acquisition of Concur at the meeting of Concur’s shareholders held today. SAP and Concur anticipate the completion of the transaction on or about December 4, 2014, subject to the satisfaction or waiver of closing conditions, including those related to regulatory approval.
Concur is the leading provider of spend management solutions and services in the world, helping companies of all sizes transform the way they manage spend so they can focus on what matters most. Through Concur’s open platform, the entire travel and expense ecosystem of customers, suppliers, and developers can access and extend Concur’s T&E cloud. Concur’s systems adapt to individual employee preferences and scale to meet the needs of companies from small to large. For more information, visit www.concur.com.
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