M&A Deal Summary

SAP Acquires Concur Technologies

On September 18, 2014, SAP acquired software company Concur Technologies from American Express for 8.3B USD

Acquisition Highlights
  • This is SAP’s 29th transaction in the Software sector.
  • This is SAP’s largest (disclosed) transaction.
  • This is SAP’s 23rd transaction in the United States.
  • This is SAP’s 1st transaction in Washington.

M&A Deal Summary

Date 2014-09-18
Target Concur Technologies
Sector Software
Buyer(s) SAP
Sellers(s) American Express
Deal Type Add-on Acquisition
Deal Value 8.3B USD
Advisor(s) Qatalyst Partners (Financial)

Target

Concur Technologies

Bellevue, Washington, United States
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.

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Buyer(S) 1

Buyer

SAP

Walldorf, Germany

Category Company
Founded 1972
Sector Software
Employees108,133
Revenue 31.2B EUR (2023)
DESCRIPTION
SAP office in Downers Grove, Illinois.
SAP office in Downers Grove, Illinois.

SAP is a multinational software company that makes enterprise software to manage business operations and customer relations. SAP was founded in 1972 and is based in Walldorf, Germany.


DEAL STATS #
Overall 40 of 61
Sector (Software) 29 of 36
Type (Add-on Acquisition) 40 of 59
State (Washington) 1 of 1
Country (United States) 23 of 35
Year (2014) 4 of 4
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-10 OpTier

New York, New York, United States

OpTier is a cloud-based platform that creates contextual big data to accelerate business growth and analyze business transactions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 Multiposting SASU

Paris, France

Multiposting SASU is a provider of solutions for e-recruitment including the first multicast solution for jobs on the Internet. Multiposting is a technical solution developed for companies, recruiting firms and staffing agencies who want to manage and optimise the ROI of their online job and internship postings.

Buy -

Seller(S) 1

SELLER

American Express

New York, New York, United States

Category Company
Founded 1850
Sector Financial Services
Employees74,600
Revenue 60.4B USD (2023)
DESCRIPTION
American Express' regional offices in downtown Sydney, Australia.
American Express' regional offices in downtown Sydney, Australia.

American Express is a global financial services company offering payment and credit services to consumers and businesses. The Company's principal products and services are charge and credit payment card products and travel-related services. American Express was incorporated in 1850 and is based in New York City.


DEAL STATS #
Overall 6 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 4 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 Ezetap Mobile Solutions

Bangalore, India

Ezetap Mobile Solutions is a mobile-based payments service provider. The company provides hardware and software that converts a mobile phone into a POS device. Ezetap Mobile Solutions was founded in 2011 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 InAuth

Venice, California, United States

InAuth, Inc. is a provider of mobile device authentication and intelligence solutions. InAuth’s technology is used by some of the largest financial institutions, banks, payment networks and merchants to reduce risk and help identify potential fraud utilizing its mobile-first device authentication capabilities. InAuth helps clients identify risk, remove friction and reduce fraud in their digital channels.

Buy -