Concur Buys GlobalExpense
Posted on June 09, 2011 at 15:35 PM EDT
Concur Technologies Inc. (NASDAQ:CNQR) announced the acquisition of London-based end-to-end expense management solutions provider GlobalExpense for £12 million, implying $19.7 million. Additionally, the company will pay an earn-out of £2 million ($3.3 million) on the achievement of certain milestones. With this acquisition, the company expects to capture the travel and expense management market in Europe. [...]