SAP Concur

Intro and history: SAP Concur is a SaaS company that provides travel and expense management services to businesses. It was founded in 1993 by Steve Singh, Mike Hilton, and Rajeev Singh. The company was initially known as Concur Technologies and was one of the first companies to sell software as a service. In 2014, it was acquired by SAP SE, a German multinational software corporation. Industry: Software as a Service (SaaS), Travel and Expense Management Product, Services and Operations: SAP Concur provides integrated travel and expense management solutions. Its services include Concur Expense, Concur Travel, Concur Invoice, and Concur Risk Messaging. These solutions help businesses manage their expenses, travel, and invoice management in a streamlined and automated manner. Funding Details: SAP Concur was publicly traded before it was acquired by SAP SE for $8.3 billion in 2014. Acquisitions: Notable acquisitions include TripIt, a mobile travel organizer app, in 2011 and Hipmunk, a consumer-oriented travel website, in 2016. Awards and Achievements: SAP Concur has been recognized as a leader in the Gartner Magic Quadrant for Travel Expense Management for multiple years.