PRAGUE, Czech Republic, October 11, 2007 - Concur (NASDAQ: CNQR), the world's leading provider of on-demand business services that automate Employee Spend Management, today announced the opening of its Prague, Czech Republic office, strengthening the company's global capabilities and solidifying its presence in Europe. Concur's Prague office will include sales, marketing, engineering, and client support staff, focusing on delivering products and services that are tailored to its European-based partners and customers.
"Concur is a global company with global solutions, and we are focused on delivering the best employee spend management services to our customers around the world," said Rajeev Singh, president and chief operating officer for Concur. "We've been doing business in Europe for years [from our United Kingdom office], and during the past 24 months, we've opened offices in Norway, Belgium, Germany and now in the Czech Republic, where our Prague office will become a center of excellence for engineering, services and infrastructure. This significant investment in Europe reflects our belief in the tremendous opportunity for Concur's travel and expense management services."
The company selected Prague as its European headquarters due to its central location and proximity to customers and partners, enabling Concur to provide in-person support to its growing band of reseller and co-sell partners across Europe. Earlier this year, the company announced the availability of travel inventory through VIA Rail, SNCF, Rail1, Die Bahn and Evolvi through Concur® Connect and partnerships with leading financial institutions BCC Corporate and Nordea.With more than 6,000 customers internationally, Concur understands the needs of businesses of all sizes and is poised to continue to deliver to the evolving needs of companies of all sizes. Today, businesses in Europe like Dresdner Kleinwort, Mitsubishi, UFJ Securities International plc, Oxfam and Puma International are taking advantage of the benefits of Concur's on-demand solutions. Concur's global services, from travel procurement, expense reporting, meeting management and vendor payment services, create the world’s only true end-to-end employee spend management solution.
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