SAP announced it has acquired a business travel management software provider that will beef up its HANA platform.
It will acquire Bellevue, Wash.,-based Concur Technologies for an estimated $8.3 billion. Concur comes with 23,000 customers and 4,200 employees, according to a letter to customers from the SAP Global Managing Board.
SAP officials said this supports the SAP "run simple" plan for business software.
SAP HANA Strength
SAP officials said corporate travel spend amounts up to $1.2 trillion worldwide.
"Concur can enhance the value proposition of the SAP business network by addressing one of the important enterprise spend categories: travel," SAP officials wrote to customers.
The acquisition will complement Ariba and FieldGlass solutions to help enterprises manage spend categories in SAP's business network powered by SAP HANA. Concur's platform provides deep analytics capabilities.
SAP officials announced the acquisition of Concur is expected to close in the fourth quarter of 2014 or first quarter of 2015.