REDMOND, Wash., January 25, 2007 - Concur Technologies, Inc. (NASDAQ: CNQR), the world's leading provider of business services that automate Corporate Expense Management, has - for the second consecutive time - been named among the top ten worldwide software on-demand vendors by IDC, the premier global provider of market intelligence, advisory services, and events. According to IDC's report, Worldwide Software on Demand 2005 Vendor Analysis (IDC #204790, December 2006), Concur's on-demand revenue placed it eighth on a list of the top global on-demand providers ranked by 2005 calendar year revenue. According to IDC, the top ten companies that were included in the list of 30 providers accounted for 51% of total on-demand revenue in 2005.
"There continues to be great interest and adoption associated with software delivered on-demand. Concur's travel and expense management solutions are helping to extend the awareness of this business model," said Erin Traudt, Software as a Service Research Analyst at IDC. "Concur's commitment to the on-demand model has once again earned the company a place among the top on-demand software providers."
Concur made the strategic decision to begin delivering its Corporate Expense Management software as a service over seven years ago. Today, thousands of customers in over 90 countries around the world have adopted Concur solutions to help them automate their corporate travel management and expense reporting process. During fiscal 2006, Concur grew total revenue more than 35%, while fiscal 2006 subscription revenue grew more than 50%.
"Already the world's leading provider of Corporate Expense Management services, Concur is pleased to once again be recognized by IDC as one of the world's top on-demand software providers," said Rajeev Singh, president and COO of Concur Technologies. "We are the only travel and expense management provider on the list, because of our unique end-to-end travel and expense management service - which helps companies of all sizes streamline and control their corporate travel management and expense reporting process. But the real leaders are our customers, who recognize the benefits of adopting on-demand services to automate their business processes and trust Concur to help them achieve stronger ROI, faster deployment and lower upfront costs."
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