About Concur
Concur is a company based in Bellevue (United States) founded in 1988 was acquired by SAP in September 2014.. The company has 593 employees as of March 28, 2024. Concur has completed 7 acquisitions, including GlobalExpense, Hipmunk and OutTask. Concur operates in a competitive market with competitors including Ramp, Brex, Navan, Spendesk and Emburse, among others.
- Headquarter Bellevue, United States
- Employees 593 as on 28 Mar, 2024
- Stage Public
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Sectors
Travel & HospitalityTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Concur Technologies (India) Private Limited
- Date of Incorporation 23 Sep, 2010
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$31.01 M (USD)5.65as on Mar 31, 2022
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Net Profit
$3.11 M (USD)5.4as on Mar 31, 2022
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EBITDA
$4.86 M (USD)7.08as on Mar 31, 2022
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Latest Funding Round
$43.78 M (USD), Post-IPO
Jan 24, 2011
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Investors
SAP
& 2 more
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Employee Count
593
as on Mar 28, 2024
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Investments & Acquisitions
GlobalExpense
& 6 more
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Acquired by
SAP
(Sep 18, 2014)
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Funding Insights of Concur
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $43.8M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Post-IPO - Concur | Valuation |
investors |
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| Aug, 2009 | Amount | Post-IPO - Concur | Valuation |
investors |
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| Aug, 2008 | Amount | Post-IPO - Concur | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Concur
Concur has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include SAP, American Express and IVP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth in technology companies is supported through venture capital.
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Founded Year | Domain | Location | |
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Financial products for individuals and businesses are compared online.
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Founded Year | Domain | Location | |
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Cloud and AI-based ERP software is offered for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Concur
Concur has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include GlobalExpense, Hipmunk and OutTask. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Travel services are discovered and booked via a metasearch platform.
|
2010 | ||||
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Provider of a travel planner app
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2006 | ||||
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Mobile tracking, messaging, and communication services are offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Concur
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Concur Comparisons
Competitors of Concur
Concur operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Brex, Navan, Spendesk and Emburse, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Concur
Frequently Asked Questions about Concur
When was Concur founded?
Concur was founded in 1988 and raised its 1st funding round 15 years after it was founded.
Where is Concur located?
Concur is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
How many employees does Concur have?
As of Mar 28, 2024, the latest employee count at Concur is 593.
What is the annual revenue of Concur?
Annual revenue of Concur is $31.01M as on Mar 31, 2022.
What does Concur do?
Concur was founded in 1988 and is headquartered in Bellevue, United States. The company provides a SaaS platform for managing corporate travel, expenses, and invoices, including automated processing, approval workflows, and reimbursement handling. Services extend to analysis tools and support for bookings. Operations serve industries such as automotive, financial services, healthcare, public sector, and manufacturing.
How many acquisitions has Concur made?
Concur has made 7 acquisitions, including GlobalExpense, Hipmunk, and OutTask.
Who are Concur's investors?
Concur has 3 investors. Key investors include SAP, American Express, and IVP.
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