SAP's Concur Says It Continued to Invest in Travel Tech Startups
Skift Take
Concur officials are saying all the right things about the future of the company under SAP ownership. Sometimes acquisitions don't turn out exactly as one or both of the parties intended, so we'll just have to wait and see how it all turns out.
SAP closed on its $8.3 billion acquisition of Concur Technologies last week, and Concur officials are trying to get the word out that the travel and expense company won't abandon some of its key initiatives.
In fact, Tim MacDonald, Concur's executive vice president of platform and data services, told Skift a day after the acquisition closed that Concur completed some "add-on financing" in several of its Perfect Trip Fund investments in the last couple of weeks.
Over the past couple of years, Conc
