Overview
SAP Concur is an enterprise T&E management platform founded in 1993 as Concur Technologies by Steve Singh, Rajeev Singh (brothers), and Mike Hilton. The company went public on Nasdaq in 1998 before being acquired by SAP for $8.3 billion in December 2014, the largest SaaS acquisition by SAP at the time. Concur had previously acquired TripIt ($120M, 2011) and Hipmunk (2016).
Highlights
- Founding story: Singh brothers building enterprise expense management pioneer
- SAP acquisition: $8.3B deal (December 2014), largest SAP SaaS acquisition
- Scale: 25 million+ active users in 150+ countries, 23,000+ clients at acquisition
- “Spend management” concept: Encompassing travel booking, expense reporting, invoice processing
- TripIt integration: Popular consumer travel app ($120M, 2011) adding trip management
- Policy compliance: Built-in enforcement throughout workflows
- Enterprise positioning: Large organizations with complex T&E requirements
- Use cases: Travel booking, expense reporting, invoice management, mileage tracking, auditing
Founded
1993 as Concur Technologies. Founded by Steve Singh, Rajeev Singh (brothers), Mike Hilton.
Headquarters
Bellevue, Washington.
Ownership and funding
IPO 1998 on Nasdaq. Acquired by SAP for $8.3B (December 2014). Acquired TripIt ($120M, 2011), Hipmunk (2016).
Core technology
Enterprise-grade T&E platform covering travel booking, expense reporting, and invoice processing. 25M+ active users in 150+ countries.
Market position
Large enterprises; 23,000+ clients at acquisition.
Product philosophy
“Spend management” encompassing travel, expense, and invoice with policy compliance built into workflows.