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Latest SAP Industry NewsShowing top 5 (show all)
19 September 2014 23:32
SAP agreed to pay about 11 times Concur’s revenue from the past 12 months. That makes it the third-most expensive acquisition of a North American software maker valued at more than $1 billion in the past five years, according to data compiled by Bloomberg.
19 September 2014 21:30
SAP SE (SAP) yesterday announced that its subsidiary, SAP America, has signed an agreement to acquire Concur Technologies Inc. (CNQR) to form the second largest cloud company.
19 September 2014 21:29
NEW YORK (TheStreet) -- Expect corks popping this weekend for shareholders of travel and tourism software provideraConcur Technologies after the German heavyweightaSAP aoffered $129 a share for the Bellevue, Wash.-based company. The offer represents a 20% premium over previous Concur's closing Thursday share price, a bid worth $8.3 billion, including debt. Concur stockasoared 18% after the offer ...
19 September 2014 19:28
NEW YORK (TheStreet) --a Shares of SAP SE are down 3.96% to $74.29 after the enterprise software company said it wouldaacquire Concur Technologies for $8.3 billion, TheaWall Street Journalareports.a The acquisition makes SAP the second-largest enterprise cloud service company behind Salesforce.com a. The deal is expected to close in the fourth quarter of 2014 or first quarter of 2015, subject to ...
19 September 2014 18:39
By Harro Ten Wolde FRANKFURT (Reuters) - Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing, an area it long hoped to avoid until its momentum became too great to ignore. SAP specializes in providing software for companies on their computing networks, but has come under pressure from cheaper rivals that ...
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