- Concur Technologies
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For the word, see Concur on Wiktionary.
Concur Technologies Type Public (NASDAQ: CNQR) Industry Software (Employee Spend Management) Founded 1993 Headquarters Redmond, Washington, USA Key people Steve Singh, Chairman of the Board & CEO
Rajeev Singh, President & COO
Frank Pelzer, CFO
Kyle R. Sugamele, Chief Legal Officer & Corporate Secretary
Michael W. Hilton, Executive Vice President, Worldwide MarketingEmployees 1,200+ Website www.concur.com Concur Technologies (NASDAQ: CNQR) is a provider of software solutions that automate employee spending management. Its headquarters is in Redmond, Washington, U.S.A.[1]
Contents
Current status
More than 10,000 clients in over 90 countries use Concur’s solutions. The company completed fiscal 2010 with total revenue of $292.9 million, up 18% year-over-year.[2]
Concur is headquartered in Redmond, Washington, with offices in Alexandria, Virginia, Eden Prairie, Minnesota, Europe, Asia, and Australia.[1]
- The company is number 57 on Forbes Magazine's 100 Best Small Companies in 2010[3]
- The company was number 2 on CIOZone's 50 Fastest-Growing Software Companies in 2009[4]
- The company was number 28 on Business 2.0's 100 Fastest-growing tech companies list for 2007 [5] and number 79 on BusinessWeek's "top 100 small companies to watch" [6]
- The company was named to the Seattle Times NW 100 ranked at #12 and was previously ranked at #4. To rise to the top of The Seattle Times' rankings, companies must excel over a two-year span on four performance measurements: return on equity, stock-price appreciation, sales per employee and operating income.[7]
Controversies
Key Executives Misrepresent Educational Credentials:
Steve Singh, Concur President & CEO, made news in March 2009 when it was uncovered that he did not graduate from the University of Michigan with an engineering degree as he had previously represented in corporate filings.[8] The company’s stock price fell nearly 20 points after the news. During that same period, it was discovered that Rajeev Singh, Concur COO and CEO Steve Singh’s brother, also misrepresented his educational background in written corporate financial documents by claiming that he graduated from Kettering University when he actually graduated from Western Michigan University.
Acquisitions
The following is a complete list of acquisitions by Concur:
- TripIt (January 2011) [9]
- Etap-On-Line (completed August 1, 2009) [10]
- Gelco (completed October 1, 2007) [11]
- Outtask (2006)[12]
- Captura (2002)[13]
- Seeker Software (1999)[14]
Products
Concur's on-demand software as a service (SaaS) solutions include:
- Concur Premier: web and mobile solutions for travel and expense management. It includes corporate travel booking, expense report automation, reimbursement and reporting, and corporate card integration.
- Concur Breeze: simple expense management for small businesses. It includes expense report automation, credit card integration, reporting and analysis.
- Concur for smartphones: create, submit and approve expense reports, check itinerary, book hotels, make taxi reservations, and capture paper receipts with cameraphone.
See also
- Expense Management Automation
- Software as a service
- Web application
- Application service provider
External links
References
- ^ a b [1]
- ^ Concur Technologies, Inc. (CNQR.O): Financials & Financial Statement Analysis
- ^ "#57 Concur Technologies". Forbes. October 14, 2009. http://www.forbes.com/lists/2009/23/small-companies-09_Concur-Technologies_QTNC.html.
- ^ [2]
- ^ Business 2.0 – 100 Fastest-growing tech companies
- ^ BusinessWeek, June 4, 2007 – Hot Growth, By Christopher Palmeri – The Shock Of The Old
- ^ DeSilver, Drew. "Buyouts reshape region's business". The Seattle Times. http://texis.seattletimes.nwsource.com/cgi-bin/texis.cgi/nw100/profile?stock_symbol=CNQR.
- ^ Brennan, Peter J.; Hart, Dan (22 March 2009). "Concur Technologies Board Supports Chairman Singh". Bloomberg. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abk9zuNeTKlQ.
- ^ http://blog.tripit.com/2011/01/tripit-joins-concur-to-become-bigger-better-and-stronger.html
- ^ [3]
- ^ "Gelco sold to Concur Technologies". July 30, 2007. http://www.bizjournals.com/twincities/stories/2007/07/30/daily9.html?ana=from_rss.
- ^ Concur splurges $88m on Outtask | Software as Services | ZDNet.com
- ^ InternetNews Realtime IT News – Concur Technologies Acquires Captura
- ^ CONCUR TECHNOLOGIES INC - CNQR Securities Registration Statement (S-1/A) RISK FACTORS
Categories:- Companies listed on NASDAQ
- Companies based in Redmond, Washington
- Companies established in 1993
- Computer companies of the United States
- Software companies of the United States
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