M&A Deal Summary

Concur Technologies Acquires Outtask

On January 23, 2006, Concur Technologies acquired internet software and services company Outtask

Acquisition Highlights
  • This is Concur Technologies’ 2nd transaction in the Internet Software and Services sector.
  • This is Concur Technologies’ 3rd transaction in the United States.
  • This is Concur Technologies’ 1st transaction in Virginia.

M&A Deal Summary
Date 2006-01-23
Target Outtask
Sector Internet Software and Services
Buyer(s) Concur Technologies
Deal Type Add-on Acquisition

Target

Outtask

Alexandria, Virginia, United States
Outtask LLC is a provider of Cliqbook, the online corporate travel management service.

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Buyer(S) 1

Buyer

Concur Technologies

Bellevue, Washington, United States

website

Category Company
Founded 1993
Sector Software
Employees3,800
Revenue 545M USD (2013)
DESCRIPTION
Concur Technologies' corporate headquarters in Bellevue, Washington.
Concur Technologies' corporate headquarters in Bellevue, Washington.

Concur is a provider of integrated travel and expense management solutions. Concur Technologies was established in 1993 and is headquartered in Bellevue, Washington.

DEAL STATS #
Overall 3 of 12
Sector (Internet Software and Services) 2 of 6
Type (Add-on Acquisition) 3 of 12
State (Virginia) 1 of 1
Country (United States) 3 of 9
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-31 Captura Software

Kirkland, Washington, United States

Captura Software, Inc., helps companies capture efficiently processed expense information. Its Captura Expense software provides automated payment services for a variety of corporate expenses, including procurement, travel, and entertainment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-30 Gelco Information Network

Eden Prairie, Minnesota, United States

Gelco provides a wide range of expense management services to its clients, including ExpenseLink.

Buy -
Mergr

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