Travel and expense management company concur for sale

Travel and expense management company Concur is looking for a sale through the investment bank. Concer is in contact with several enterprise software and solutions companies, including SAP and Oracle, where Oracle may not accept the deal, sources said, who declined to be named. The sale of news, Concur shares rose, in the U.S. time September 2 after the Nasdaq trading rose 16%, the closing price reached 100.95 U.S. dollars, the market value of 5.7 billion U.S. dollars.

This May, CNBC's stock analyst Jim Cramer has expressed his optimism about Concur's development prospects. He argues that enterprise-class service giants such as IBM, Oracle and SAP do not threaten concur. The fact is, in the vertical area of travel and cost management, concur is already very professional, and the entire market is forming an ecosystem around concur, and concur services become ubiquitous. If you can provide the ultimate service to the business travellers, then the suppliers, customers and even competitors will come together.

Concur this year's performance is also commendable. First, the second-quarter earnings of the concur, which came from the quarter, were 17.8 million U.S. dollars, up 29% from a year earlier. Second, concur has added more than 1000 customers in these months, including Airbnb and Uber, concur as partners in the business services sector.

But concur still faces a shortage of earning power. Concur's net loss in the second quarter of this year was 3.2 million per cent in earnings figures, compared with the earnings of the company last year, which was linked to a significant amount of money spent on marketing in the second half of last year. In SAP, these two years have invested tens of billions of dollars to acquire various web-based enterprise-class services, and the acquisition of Concur is also in line with their strategy.