SAP buys into the cloud.
The German business software giant acquired the online travel expenses company Concur for $8.3 B in an effort to expand its web services offerings to corporations. Seattle-based Concur is a rare survivor of the first dotcom boom
Founded in 1993 and taken public in 1998, Concur reported $546 million in revenue for the last full year, continuing a run of sharp sales increases. The company is on track to record $700 million in revenue this year