Concur Announces Investment in Evature

                    Concur Announces Investment in Evature

Evature's natural-language search technology to be integrated into Concur
solutions to drive Concur's vision for The Perfect Trip

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 that it has made a $2 million investment in Evature, the developer
of the Expert Virtual Agent (EVA) which provides natural-language search
capabilities for online travel. This investment is part of the Concur Perfect
Trip™ Fund, $150 million in capital allocated specifically to invest in and
nurture emerging companies in the T&E Cloud. Through this initiative, Concur
continues to identify and partner with promising companies that will
participate in the Concur T&E Cloud, driving continued innovation to fuel
Concur's vision of The Perfect Trip.

EVA, the winner of PhoCusWright's 2011 Travel Innovation Summit DEMO Award for
the most game-changing travel innovation, is a revolutionary B2B service based
on natural-language processing algorithms that are specifically designed for
travel, enabling travel companies to offer their customers the ability to more
easily search for travel.

"Concur's vision for 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," said Steve Singh,
chairman and CEO of Concur. "Entrepreneurs like Evature are developing the
next set of innovations that will help drive the state-of-the-art in our
industry, ultimately delivering a better travel experience. Through the power
of the Concur T&E Cloud, we're bringing the best of these innovations together
to revolutionize business travel and deliver greater value to corporate
clients, suppliers and travelers alike."

"The investment by Concur represents a major vote of confidence in Evature's
vision and further validation of our technology," said Barry Volinskey, CEO of
Evature. "EVA enables travelers to experience an easier and more intuitive way
to search, book and manage travel. Leveraging Concur's leadership, we look
forward to delivering new and exciting EVA based products and services to
corporate travelers around the world."

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

About Evature
Evature enables natural-language travel search for mobile and regular
websites, social networks and applications, increasing conversion rates and
user satisfaction. Evature's web service is based on innovative Natural
Language Processing algorithms, specifically designed for "travel language,"
delivering a never before possible user experience. Learn more at


Contact: Press Contact: Barry Volinskey, Evature, +972-544-959-270,; Matt Inda, Weber Shandwick for Concur, +1-206-576-5593,; Investor Contact: Todd Friedman, Concur,
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