SAP's acquisition of Concur Technologies expands its cloud network, gives it access to another large list of customers and keeps it competitive with Oracle and IBM, analysts told CMSWire.
SAP announced last week it had acquired the Bellevue, Wash.,-based business travel management software provider that will beef up its HANA platform.
The estimated $8.3 billion deal brings Walldorf, Germany-based SAP 23,000 customers and 4,200 employees, according to a letter to customers from the SAP Global Managing Board. SAP is led by CEO Bill McDermott, and Concur's chief is Steve Singh.
"The end game for SAP, as shown by its acquisition of SuccessFactors and now Concur, is to assemble a big portfolio of horizontal cloud business services useful to many customers," said Ted Schadler, vice president and principal analyst for Forrester Research.