Concur Acquires Etap-On-Line


PARIS, August 3 /PRNewswire/ --

- Acquisition of leading European travel and expense management provider 
continues Concur's commitment to global and local market leadership

Concur (http://www.concur.com/ ) (Nasdaq: CNQR), the world's leading
provider of on-demand Employee Spend Management (http://www.concur.com/)
services, today announced that it has acquired privately-held Etap-On-Line, a
leading European provider of business travel and expense management solutions
based in Paris, France. Concur expects the acquisition, which closed on
August 1st, 2009, to be accretive to fiscal 2010 pro forma earnings.

"Concur's continued global growth is fueled by market demand for services
that help our clients drive costs out of their businesses," said Steve Singh,
chairman and CEO of Concur. "This acquisition is one more step in Concur's
ongoing commitment to providing both global and local leadership to the
travel and expense industry. By extending Concur's investment and presence in
Europe, we expect to build on our success, driving the innovation curve and
expanding our market reach to deliver enhanced value for all of our
customers. We look forward to serving the Etap-On-Line customers and we
enthusiastically look forward to welcoming our new colleagues from the
Etap-On-Line team to Concur."

"The combination of two strong organisations with deeply similar values
and approaches makes enormous strategic sense, and will create enhanced
opportunities for customers, partners and employees," said Pierre Higelin,
co-founder of Etap-On-Line. "For Etap-On-Line, this combination represents
the next step in the company's continued commitment to helping clients better
manage travel and expense."

Concur will discuss the acquisition of Etap-On-Line on its fiscal 2009
third quarter earnings call which will take place on Wednesday, August 5th,
2009 beginning at 2:00 p.m. (PST). Concur will open the event to the media
and general public by broadcasting the call live over the Internet at
www.concur.com.

About Concur

Concur is the world's leading provider of on-demand Employee Spend
Management services. Trusted by thousands of organisations to reach millions
of employees, Concur's award-winning solutions streamline business travel and
expense reporting, and improve invoice processing - delivering rapid ROI by
helping companies increase efficiency, control employee spend and drive down
operational costs. Learn more at www.concur.com.

This press release contains forward-looking statements that are
inherently uncertain. These forward-looking statements, such as the
statements made by Messrs. Singh and Higelin, including the anticipated
benefits of the Etap-On-Line acquisition, are based on current expectations
and involve many risks and uncertainties that could cause actual results to
differ materially from current expectations. Factors that could cause or
contribute to actual results differing from current expectations include, but
are not limited to: potential delays in market adoption and penetration of
our service offerings; potential difficulties associated with our deployment
and support of our products and services; our ability to manage expected
growth of our service offerings, including those integrating the Etap-On-Line
expense management service; retention and expansion of customers; continued
use and adoption of on-demand services; the scalability of the hosting
infrastructure for our integrated service offerings; changes in the level of
business travel that may reduce the use of our products and services or
inhibit new sales of our integrated products and services; potential
difficulties associated with strategic relationships and with development of
new products and services, including those incorporating Etap-On-Line's
offerings; uncertain market acceptance of our combined products and services
or future products and services; and the overall level of customer demand for
corporate expense management products and services.

Please refer to the company's public filings made with the SEC
(http://www.sec.gov) for additional and more detailed information on risk
factors that could cause actual results to differ materially from current
expectations. Concur assumes no obligation to update the forward-looking
information contained in this press release.

© PR Newswire Association LLC.

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