Concur Technologies
Encyclopedia
Concur Technologies is a provider of software solutions that automate employee spending management. Its headquarters is in Redmond, Washington
, U.S.A.
Concur is headquartered in Redmond, Washington, with offices in Alexandria, Virginia
, Eden Prairie, Minnesota
, Europe
, Asia
, and Australia
.
Steve Singh, Concur President & CEO, made news in March 2009 when it was uncovered that he did not graduate from the University of Michigan with an engineering degree as he had previously represented in corporate filings. The company’s stock price fell nearly 20 points after the news. During that same period, it was discovered that Rajeev Singh, Concur COO and CEO Steve Singh’s brother, also misrepresented his educational background in written corporate financial documents by claiming that he graduated from Kettering University when he actually graduated from Western Michigan University.
(SaaS) solutions include:
Redmond, Washington
Redmond is a city in King County, Washington, United States, located east of Seattle. The population was 54,144 at the 2010 census,up from 45,256 in 2000....
, U.S.A.
Current status
More than 10,000 clients in over 90 countries use Concur’s solutions. The company completed fiscal 2010 with total revenue of $292.9 million, up 18% year-over-year.Concur is headquartered in Redmond, Washington, with offices in Alexandria, Virginia
Alexandria, Virginia
Alexandria is an independent city in the Commonwealth of Virginia. As of 2009, the city had a total population of 139,966. Located along the Western bank of the Potomac River, Alexandria is approximately six miles south of downtown Washington, D.C.Like the rest of northern Virginia, as well as...
, Eden Prairie, Minnesota
Eden Prairie, Minnesota
As of the census of 2000, there were 54,901 people, 20,457 households, and 14,579 families residing in the city. The population density was . There were 21,026 housing units at an average density of 649.2 per square mile...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
, and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
- The company is number 57 on Forbes Magazine's 100 Best Small Companies in 2010
- The company was number 2 on CIOZone's 50 Fastest-Growing Software Companies in 2009
- The company was number 28 on Business 2.0Business 2.0Business 2.0 was a monthly magazine publication founded by magazine entrepreneur Chris Anderson, Mark Gross, and journalist James Daly in order to chronicle the rise of the "New Economy"...
's 100 Fastest-growing tech companies list for 2007 and number 79 on BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
's "top 100 small companies to watch"
- The company was named to the Seattle Times NW 100 ranked at #12 and was previously ranked at #4. To rise to the top of The Seattle Times' rankings, companies must excel over a two-year span on four performance measurements: return on equity, stock-price appreciation, sales per employee and operating income.
Controversies
Key Executives Misrepresent Educational Credentials:Steve Singh, Concur President & CEO, made news in March 2009 when it was uncovered that he did not graduate from the University of Michigan with an engineering degree as he had previously represented in corporate filings. The company’s stock price fell nearly 20 points after the news. During that same period, it was discovered that Rajeev Singh, Concur COO and CEO Steve Singh’s brother, also misrepresented his educational background in written corporate financial documents by claiming that he graduated from Kettering University when he actually graduated from Western Michigan University.
Acquisitions
The following is a complete list of acquisitions by Concur:- TripIt (January 2011)
- Etap-On-Line (completed August 1, 2009)
- GelcoGelcoGelco is a business process management company specializing in employee expense management.-History:In 1894 Edgar A. Walz set out to solve a financial dilemma of the times: the proliferation of debtors in the business travel industry known as "beats" who would skip out before paying their lodging...
(completed October 1, 2007) - Outtask (2006)
- Captura (2002)
- Seeker Software (1999)
Products
Concur's on-demand software as a serviceSoftware as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
(SaaS) solutions include:
- Concur Premier: web and mobile solutions for travel and expense management. It includes corporate travel booking, expense report automation, reimbursement and reporting, and corporate card integration.
- Concur Breeze: simple expense management for small businesses. It includes expense report automation, credit card integration, reporting and analysis.
- Concur for smartphones: create, submit and approve expense reports, check itinerary, book hotels, make taxi reservations, and capture paper receipts with cameraphone.
See also
- Expense Management Automation
- Software as a serviceSoftware as a ServiceSoftware as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
- Web applicationWeb applicationA web application is an application that is accessed over a network such as the Internet or an intranet. The term may also mean a computer software application that is coded in a browser-supported language and reliant on a common web browser to render the application executable.Web applications are...
- Application service providerApplication service providerAn application service provider is a business that provides computer-based services to customers over a network. Software offered using an ASP model is also sometimes called On-demand software or software as a service ....