Concur Launches $150 Million Concur Perfect Trip Fund

            Concur Launches $150 Million Concur Perfect Trip Fund

Company drives its vision of The Perfect Trip by expanding the T&E Cloud
ecosystem through investments in innovative companies

PR Newswire

REDMOND, Wash., Nov. 12, 2012

REDMOND, Wash., Nov. 12, 2012 /PRNewswire/ --Concur (NASDAQ: CNQR), a leading
provider of integrated travel and expense management solutions, today
announced the launch of the Concur Perfect Trip™ Fund, $150 million in capital
allocated specifically to invest in and nurture emerging companies in the T&E
Cloud. Concur's vision of The Perfect Trip is built on creating a travel
ecosystem that dynamically responds to the needs of business travelers, the
companies that they work for and the suppliers that serve them.

As part of this strategy, Concur recently invested in Evature, developer of an
Expert Virtual Agent (EVA) which provides natural-language search capabilities
for online travel. Evature joins a growing list of innovative companies in
which Concur has invested, including buuteeq, the leading cloud digital
marketing system for hotels, Room 77, the industry's most advanced hotel
search site, Yapta, a leading provider of Intelligent Price Tracking™ for the
travel industry, Cleartrip, India's leading online travel portal and
TaxiMagic, the leader in mobile consumer solutions for the ground
transportation industry.

"An integral component of our vision for The Perfect Trip is building out the
services, functionality and global infrastructure available via the Concur T&E
Cloud," said Steve Singh, Chairman and CEO of Concur. "Concur is not only
driving the innovation agenda for our industry, we're also leveraging our
balance sheet to foster innovation and nurture game-changing technologies that
can be leveraged by the entire business travel ecosystem to drive our vision
of The Perfect Trip. Along with our own path of innovation, we want to tap in
to the creativity and entrepreneurship of the many smart companies in which
we've invested."

Through the Concur Perfect Trip Fund, Concur continues to build and support a
vibrant community of emerging T&E sector companies and accelerate their
growth. These are joined by the hundreds of partner companies that are already
delivering and extending value to the entire travel ecosystem by leveraging
the Concur T&E Cloud, including:

  oA wide variety of specialist services for the pharmaceutical and medical
    device industries like AdvantageMS, Healthcare Data Solutions, MedPro
    Systems, Porzio Pharmaceutical Services and R-Squared
  oPartners that help make the business traveler's experience even more
    seamless like Lemon and TravelText
  oTransportation providers like Taxi Magic, GroundSpan, GroundScope and
  oPartners like Visage Mobile and Tango Card which helps provide control
    over increasing areas of spend like mobile expenses and corporate gifts.

It is through this unique combination of strategic investment and value-added
partnership opportunities within the travel ecosystem that Concur continues to
extend the Concur T&E Cloud and make it the global platform for innovation for
business travel.

Learn More
Innovative companies interested in helping Concur revolutionize the corporate
travel industry – by driving innovation on behalf of travelers, businesses and
suppliers to fuel The Perfect Trip – are encouraged to participate through the
Concur T&E Cloud. To learn more about investment through the Concur Perfect
Trip Fund, please visit
For more information about becoming a Concur Connect Partner and leveraging
the Concur T&E Cloud and the Concur Perfect Trip Fund, please visit

About Concur
Concur is a leading provider of integrated travel and expense management
solutions. Concur's easy-to-use Web-based and mobile solutions help companies
and their employees control costs and save time. Concur Connect is the
platform that enables the entire travel and expense ecosystem of customers,
suppliers, and developers to access and extend Concur's T&E cloud. Concur's
systems adapt to individual employee preferences and scale to meet the needs
of companies from small to large. Learn more at or the Concur


Contact: Matt Inda, Weber Shandwick for Concur, +1-206-576-5593,; Investors: Todd Friedman, Concur, +1-415-401-1205,
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