REDMOND, Wash., December 12, 2005 - Concur Technologies (NASDAQ: CNQR), the world's leading provider of business services that automate Corporate Expense Management, announced today that it has been selected by Red Herring magazine as one of the inaugural Red Herring Small Cap 100. The editors of Red Herring evaluated over 2,500 technology companies from North America, Europe, and the Asia-Pacific region for the award.
The Red Herring Small Cap 100 were selected for their innovative technology and smart business models that nurture growth and profitability. Red Herring's Innovation Index, global perspective, and provocative outlook on the technology landscape make this list a unique tool for technology and financial executives.
"The winners on this list are the most competitive, the most innovative, and the most promising technology companies in the small-cap segment. We hope that the Red Herring Small Cap 100 list will shine the light on them that they deserve," said Joel Dreyfuss, Editor-in-Chief of Red Herring magazine.
"Being named to the Red Herring Small Cap 100 is a significant endorsement of Concur's on-demand business model, and a testament to our promise of helping clients reduce costs," said Rajeev Singh, president and COO of Concur Technologies. "Driven by our culture of innovation, we will continue to deliver exceptional service, introduce new expense management services and provide a strong return for our clients."
The award ceremony for the Small Cap 100 will be held during the Red Herring Fall 2005 conference, December 13th-15th in San Francisco, California. All award winners will be profiled in issue #47 of Red Herring magazine, on sale December 12th, which also contains Red Herring's Top 10 Trends for 2006. The full list can also be viewed at http://www.redherring.com/events/.
All company or product names are trademarks and/or registered trademarks of their respective owners.