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SAP and Concur in a $8.3bn partnership deal

31/10/2014 by Sharon Shahzad

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Concur CEO says SAP acquisition is a ‘big bet’ that will accelerate company growth

SAN FRANCISCO – So, how did Concur land an $8.3 billion acquisition deal with SAP? According to CEO Steve Singh, the key was building out the Bellevue company’s presence in mobile and cloud.

“So, when you start talking about mobile, cloud and open platforms, and you execute against that vision, people start to take notice,” Singh said during his keynote speech at Concur’s Perfect Trip DevCon in San Francisco today. “And the folks at SAP took notice. (SAP CEO) Bill McDermott, who is a fantastic guy, said ‘you know what, I’m starting to buy into this vision.'”

Singh said that the tie-up between SAP and Concur won’t be a typical acquisition deal. He emphatically stressed that his company won’t disappear as a result of the acquisition closing. Instead, Concur’s partnership with SAP will provide tools and funding to expand the business.

“This is an amazing opportunity to take what we have and accelerate even further,” said Singh.

That was an important message to the attendees of today’s conference. Concur — a maker of travel and entertainment expense management software — is still growing its ecosystem for third-party developers. Convincing them to remain through the acquisition will be key.

This article has been extracted from http://www.geekwire.com, please click on this link to read the article in full http://www.geekwire.com/2014/concur-ceo-says-sap-acquisition-big-bet-will-accelerate-companys-growth/

Montash is a multi-award winning, global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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