SAP buys into the cloud. The German business software giant acquired the online travel expenses company Concur for $8.3 B

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

http://dealbook.nytimes.com/2014/09/18/sap-buys-concur-technologies-for-8-3-billion/?_php=true&_type=blogs&_r=0

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