M&A Deal Summary

Concur Technologies Acquires Seeker Software

On June 1, 1999, Concur Technologies acquired software company Seeker Software for 131M USD

Acquisition Highlights
  • This is Concur Technologies’ 1st transaction in the Software sector.
  • This is Concur Technologies’ largest (disclosed) transaction.
  • This is Concur Technologies’ 1st transaction in the United States.
  • This is Concur Technologies’ 1st transaction in California.

M&A Deal Summary
Date 1999-06-01
Target Seeker Software
Sector Software
Buyer(s) Concur Technologies
Deal Type Add-on Acquisition
Deal Value 131M USD

Target

Seeker Software

Oakland, California, United States
Seeker Software, Inc., is a provider of Web-based human resources self-service applications.

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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 1 of 12
Sector (Software) 1 of 4
Type (Add-on Acquisition) 1 of 12
State (California) 1 of 3
Country (United States) 1 of 9
Year (1999) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING 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.

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