Concur Technologies Renews Stock Repurchase Program

REDMOND, Wash., January 25, 2005 - Concur Technologies, Inc. (NASDAQ: CNQR), the world's leading provider of business services that automate Corporate Expense Management, today announced that its Board of Directors has approved the renewal of an existing share repurchase program authorizing the repurchase of up to two million shares of its currently outstanding common stock over the next two years. 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 commitment to enhance long-term stockholder value. The Board of Directors' decision to renew this program was based on Concur's cash position and expected cash flow from operations.

All company or product names are trademarks and/or registered trademarks of their respective owners.

Loading next article