REDMOND, Wash., January 30, 2007 - Concur Technologies, Inc. (Nasdaq: CNQR), the world's leading provider of on-demand business services that automate Corporate Expense Management (CEM), today announced that its Board of Directors has approved a new share repurchase program authorizing the repurchase of up to two million shares of its currently outstanding common stock over the next two years. Concur's prior stock repurchase program expires on January 31, 2007, under which the company acquired 1.3 million shares. Stock purchases under the stock repurchase program are expected to be made from time to time in the open market based on market conditions. The repurchased shares will be retired. The Board of Directors believes that this stock repurchase program demonstrates Concur's continued commitment to enhance long-term stockholder value.
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