Details of Alliance & Stock Purchase Agreement to be Discussed
Redmond, Wash., July 29, 2008 – Concur (NASDAQ: CNQR), the world’s leading provider of on-demand business services that automate Employee Spend Management, announced today that it will host an investor conference call on Tuesday, July 29, 2008 at 8:45 a.m. EDT to discuss the recently announced signing of an alliance agreement and definitive stock purchase agreement with American Express Company (NYSE: AXP). Hosting the call from Concur will be Steve Singh, Chairman and Chief Executive Officer, John Adair, Chief Financial Officer, and John Torrey, Executive Vice President, Corporate Development.
Live audio of the conference call will be available by dialing (877) 716-6782 (United States) or (706) 634-6324 (International) and referencing Conference ID number 57866416. To access the call by live webcast, accompanied by presentation slides, which will be available the morning of July 29, 2008, please go to www.concur.com. A webcast replay at the same website will be available for 30 days following the conference call. A phone replay will be available by dialing (800) 642-1687 (United States) or (706) 645-9291 (International) and referencing Conference ID Number: 57866416.
A joint press release with additional details about Concur’s strategic alliance with American Express, along with a video statement from Steve Singh, Chairman & CEO of Concur and Anré Williams, President of American Express Global Commercial Card is available on concur.com.
Concur is a leading provider of on-demand Employee Spend Management services. Concur enables organizations to globally control costs by automating the processes they use to manage employee spending. Concur’s end-to-end solutions seamlessly unite online travel booking with automated expense reporting, streamline meeting management and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Organizations of all sizes trust Concur to help them control spend before it occurs while eliminating paper and optimizing supplier relations. Concur’s unified approach to managing employee spend delivers a 360° view into all employee expenses, helping companies globally enforce policies and monitor vendor compliance, while delivering unprecedented control and valuable insight. Concur's suite of on-demand services reach millions of employees across thousands of organizations around the world -- streamlining business processes, reducing operating costs, improving internal controls and providing enhanced visibility and actionable expense analysis. More information about Concur is available at www.concur.com.
Stefanie Johansen, Weber Shandwick for Concur, 206-399-7833, SJohansen@WeberShandwick.com
John Torrey, Concur, 425-497-5986, firstname.lastname@example.org