BNET Industries

Market Cap:$1.9B
Last Fiscal Year Sales:$215.4M
  • Public
  • US
Dow Jones Description

We are a leading provider of on-demand Employee Spend Management solutions. Our integrated travel and expense software solutions enable organizations to control costs by automating the processes used to manage employee spending. Our solutions unite online travel procurement with automated expense reporting, streamline corporate event management, and optimize the process of managing vendor payments, employee check requests and direct reimbursements. Our unified approach to managing these processes provides our customers with visibility into their employee spending, which helps them analyze trends, influence budget decisions, improve forecasting, and monitor and enforce compliance with their corporate policies and external regulations, such as the Sarbanes-Oxley Act of 2002. We generate our revenues predominantly from the delivery of subscription services, and to a much lesser degree from consulting services and other services, which includes the sale of software licenses. Our subscription services revenues are recognized over the time period we provide our services to customers, in contrast to license revenues, which typically are recognized upon software delivery to the customer.

Chairman & CEO
Steve Singh
Number of Employees 932
Contact Information

18400 NE Union Hill Rd

Redmond, Washington 98052-3332

concur.com

(425) 702-8808

NAICS Code Software Publishers: 511210

Recent Events

  • Concur Seeks CFO Replacement

    11/18/09 - Mgmt. Change Leaving - CFO - View Story

  • Concur's Fourth Quarter and Fiscal 2009 Results Exceed Expectations

    11/17/09 - Joint Venture / Alliance - View Story

  • Concur posts higher 4Q profit, revenue

    11/23/09 - Financial Announcement - View Story

  • BRIEF-RESEARCH ALERT-Deutsche Bank raises targets on U.S. software cos

    10/08/09 - Bond / Stock Rating - View Story

  • Southwest Airlines, Concur sign access deal

    8/24/09 - Joint Venture / Alliance - View Story

  • Concur Reports Strong Results For Third Quarter Fiscal 2009

    8/06/09 - Product Announcement - View Story

  • Ahead of the Bell: Concur Technologies downgraded

    7/09/09 - Bond / Stock Rating - View Story

News & Analysis

concur technologies and earnings - All News and Analysis

Decision Makers

Name (plus bio) Position
Rajeev Singh President & COO
John F. Adair Chief Financial Officer for Concur Technologies, Inc.
Kyle Sugamele Chief Legal Officer
Mike Hilton CTO
Steve Yount Coo
Michael Eberhard Executive Vice President WW Sales & Business. Developmnt
Robert Cavanaugh Executive Vice President, Client Dev
Thomas Depasquale Executive Vice President, Technology
Elena Donio Vice President, Marketing
Jose Rivero Vice President & General Manager, Services
Lynne Stockstad Vice President
Mike Eberhart Vice President, Mkt Sales
Ted Jandl Vice President, Strategic Partners
Barry Padgett Senior Vice President and General Manager of Europe
Bob Finzi Managing Partner
Jeff Edwards Director, Commerce
Randall H Talbot Director
William W. Canfield Director
Norman Fogelsong Investor

Board of Directors

Name (plus bio) Position
Steve Singh Chairman & CEO
Edward P. Gilligan Board of Directors
Gordon Eubanks Board of Directors
Jeffrey T. McCabe Board of Directors
Jeffrey T. Seely Board of Directors
Michael Levinthal Board of Directors

Steve Singh has served as Concur's Chief Executive Officer since 1996 and as a director since 1993, including service as Chairman of the Board of Directors since September 1999. From 1993 to 1996, Mr. Singh was General Manager of the Contact Management Division at Symantec Corporation, an international technology firm focused on protecting information and computer systems.

Organization Position Status
Etap-On-Line Chairman of The Board, and Chief Executive Officer Current
Concur, Inc. Chief Executive Officer Current
Concur Technologies, Inc. Chairman & CEO Current
Symantec Corporation General Manager Former
Workstream Inc. Board of Directors Former

Rajeev Singh, co-founder of Concur, is President and Chief Operating Officer (COO). In his role, Mr. Singh is responsible for helping to define the corporate strategy and for ensuring that the operating groups execute against the company's revenue, customer satisfaction, and profitability targets. Mr. Singh has been the company's President since 2005, COO since 2002, and was appointed to the company’s Board of Directors in 2008. Prior to his current role, Mr. Singh led the sales, marketing, research and development and client services organizations. Prior to co-founding the company, he worked in engineering roles at Ford Motor Company and General Motors Corporation. He holds a Bachelor of Science degree in Engineering from Western Michigan University.

Organization Position Status
Concur Technologies, Inc. President & COO Current
Concur, Inc. Co-Founder Current
Concur Technologies, Inc. Co-Founder Current
Concur Technologies, Inc. Board of Directors Current
Etap-On-Line Director Current
Concur, Inc. Executive Vice President of Sales Former
Western Michigan University B.S.E. Former

John Adair currently serves as CFO for Concur Technologies, with over 14 years of experience in the Finance and Accounting industry. Mr. Adair joined Concur in May 2000 as Vice President of Finance and Operations. Prior to joining Concur, Mr. Adair was Controller for PACCAR Financial and PACCAR Leasing, and prior to that he served as Senior Vice President Finance for ValliCorp Holdings and ValliWide Bank. Mr. Adair holds a B.S. in Accounting from Abilene Christian University.

Organization Position Status
Concur Technologies, Inc. Chief Financial Officer for Concur Technologies, Inc. Current
Etap-On-Line Chief Financial Officer Current
Concur, Inc. Vice President of Finance and Operations Current
Concur Technologies, Inc. Vice President of Finance and Operations Current
Concur, Inc. Chief Financial Officer Former
Paccar Inc. Controller Former
PACCAR Financial Corp. Controller Former
PACCAR Leasing Co. Controller Former

Kyle Sugamele joined Concur in August 2000 as Vice President and General Counsel, responsible for managing the legal affairs for the company, and currently serves as Chief Legal Officer. Prior to joining Concur, Mr. Sugamele was general counsel at Cellular Technical Services Company, a provider of software solutions for the wireless telecommunications industry. Mr. Sugamele has over 18 years of experience in providing legal services to a wide range of public and private businesses.

Organization Position Status
Concur Technologies, Inc. Chief Legal Officer Current
Etap-On-Line Chief Legal Officer Current
Concur Technologies, Inc. Vice President and General Counsel Current
Concur, Inc. General Counsel Current
Concur Technologies, Inc. General Counsel Current
Cellular Technical Services Co, Inc. Vice President Former
Concur, Inc. Vice President Former
Cellular Technical Services Co, Inc. General Counsel Former

Michael Hilton co-founded Concur in 1993, and served as CEO until 1996. As Executive Vice President, Worldwide Marketing, Mr. Hilton oversees the global marketing organization for Concur. Mr. Hilton has more than 20 years of software development and senior management experience. His background includes leadership of the initial development efforts for ACT! for Windows, a leading contact and customer management software solution, as well as MacWrite Pro for the Macintosh.

Organization Position Status
Concur Technologies, Inc. CTO Current
Concur Technologies, Inc. Founder and Director Current
Symantec Corporation Senior Development Manager Former

Array

Organization Position Status
Sarbox Solutions Inc President Current
University of Washington B.A. In Business Administration Former
Sarbox Solutions Inc Co-Founder Former

Michael Eberhard, the Executive Vice President of Worldwide Sales and Business Development, joined Concur in 2003 as Vice President of Large Market Sales. In 2005 Mr. Eberhard became Executive Vice President, North American Sales, and subsequently became Executive Vice President, Worldwide Sales and Business Development in September 2007. Prior to joining Concur, Mr. Eberhard held executive and sales leadership positions at Xign Corporation, a provider of electronic invoice presentment and payment services, Ariba Inc., a provider of spend management solutions, PeopleSoft, a provider of enterprise application software, and Dun & Bradstreet Software Services Inc., a distributor of software for financial, human resources, distribution, and manufacturing applications.

Organization Position Status
Concur Technologies, Inc. Executive Vice President WW Sales & Business. Developmnt Current
Concur Technologies, Inc. Vice President of Large Market Sales Current

Organization Position Status
Concur Technologies, Inc. Executive Vice President, Client Dev Current

Organization Position Status
Outtask, Inc. President and Chief Executive Officer of Outtask Current
Etap-On-Line Executive Vice President, Technology Current
Concur Technologies, Inc. Executive Vice President, Technology Current
Outtask, Inc. Founder Former

Organization Position Status
Concur Technologies, Inc. Vice President, Marketing Current

Organization Position Status
Concur Technologies, Inc. Vice President & General Manager, Services Current

Organization Position Status
Concur Technologies, Inc. Vice President Current

Michael Eberhard, the Executive Vice President of Worldwide Sales and Business Development, joined Concur in 2003 as Vice President of Large Market Sales. In 2005 Mr. Eberhard became Executive Vice President, North American Sales, and subsequently became Executive Vice President, Worldwide Sales and Business Development in September 2007. Prior to joining Concur, Mr. Eberhard held executive and sales leadership positions at Xign Corporation, a provider of electronic invoice presentment and payment services, Ariba Inc., a provider of spend management solutions, PeopleSoft, a provider of enterprise application software, and Dun & Bradstreet Software Services Inc., a distributor of software for financial, human resources, distribution, and manufacturing applications.

Organization Position Status
Concur Technologies, Inc. Vice President, Mkt Sales Current

Organization Position Status
Concur Technologies, Inc. Vice President, Strategic Partners Current

Barry Padgett serves as Senior Vice President and General Manager of Europe. Mr. Padgett has served in various roles over the past 12 years including Senior Director roles in Implementation in 1997, Business Development in 2000 and management of Concur's Asia Pacific region in 2003. He was appointed Vice President of International Sales and Marketing in 2007 and Senior Vice President and General Manager of Europe in 2008. He holds a Bachelor of Science degree in Applied Mathematics from Union College, New York and a Masters in Software Engineering from Oxford University, England.

Organization Position Status
Concur Technologies, Inc. Senior Vice President and General Manager of Europe Current
Union College Bachelor of Science Degree In Applied Mathematics Former

Organization Position Status
Concur Technologies, Inc. Managing Partner Current
Sprout Group Co-Managing Partner Current
Aurora Networks, Inc. Co-Managing Partner, Sprout Group Current
SupplySolution Inc. Current
Tradebeam, Inc. Board Member Current
Aspen Education Group Board Member Current
Watchfire Corporation Board Member Current
Aurora Networks, Inc. Board of Directors Current
Photon Dynamics, Inc. Investor Current
TeachScape Investor Current
Inference Corporation Investor Current
The Edison Schools, Inc. Investor Current
Aurora Networks, Inc. CEO Former
Accenture Ltd. consultant Former
Andersen Consulting consultant Former
Menlo Ventures Associate Former
Harvard Business School M.B.A Former
Lehigh University BS Former

Organization Position Status
Concur Technologies, Inc. Director, Commerce Current
Concur Technologies, Inc. Director, Commerce Former

Edward Gilligan has been a director of Concur since July 2008. Mr. Gilligan has been Vice Chairman of American Express Company and head of its Global Business-to-Business Group since July 2007. From July 2005 to July 2007, he was Group President, American Express International & Global Corporate Services. Prior to that, he had been Group President, Global Corporate Services since June 2000 and Group President, Global Corporate Services & International Payments, since July 2003. Mr. Gilligan serves on the Concur Board of Directors pursuant to the terms of a Securities Purchase Agreement between Concur and American Express Travel Related Services Company, Inc., a wholly owned subsidiary of American Express Company.

Organization Position Status
American Express Company Group Chief Executive Officer, Business-to-Business Current
Concur Technologies, Inc. Board of Directors Current
American Express Company Group President Former
American Express Company Vice Chairman Former

Organization Position Status
Surferess Current
Genuity International, Inc. Current
Concur, Inc. Director Current
Concur Technologies, Inc. Board of Directors Current
Nps Foundation, Inc Board of Directors Current
Etap-On-Line Director Current
Asempra Board of Directors Current
Digital Identity World Board of Directors Current
Symantec Corporation chief executive officer Former
Oblix CEO Former
Symantec Corporation President Former
Oblix President Former
American Express Company Senior Vice President Former
Digital Research Incorporated Vice President Former
Ce Software, Inc. Founder Former
Symantec Corporation Director of Product Development Former
Symantec Corporation Senior Development Manager Former
Digital Research Incorporated Senior Executive Former
Preventsys, Inc. Chairman Former
Preventsys, Inc. Board of Directors Former
Naval Postgraduate School Master of Science Degree In Computer Science Former
Oklahoma State University Bachelor of Science Degree In Electrical Engineering Former
Oklahoma State University Electrical Engineering degree Former

Jeffrey McCabe has been a director of Concur since January 2005. Since May 2007, and from March 2004 to July 2005, Mr. McCabe engaged in a wide range of entrepreneurial activities, including strategic consulting for businesses developing new products and services. From August 2005 to May 2007, he served as Chief Executive Officer and member of Tri-Pen TravelMaster Technologies, LLC, a provider of technology solutions for the travel industry. From January 1994 to March 2004, he served in various executive positions at American Express, including Senior Vice President and General Manager for the United States and Canadian large-market commercial card business of American Express Corporate Services. Prior to that, Mr. McCabe held executive positions at Labinal S.A. and General Motors, where he worked in Europe and Asia with a focus on developing new business relationships.

Organization Position Status
Concur Technologies, Inc. Board of Directors Current
American Express Company Senior Vice President Former

Organization Position Status
Jobster, Inc. Chief Executive Officer Current
Seattle Opera Board Member Current
Nacdnw Board of Directors Current
Concur Technologies, Inc. Board of Directors Current
Performing Arts Limited Board Member Current
ShareBuilder Corporation Chairman and Chief Executive Officer Former
Performing Arts Limited President Former
Seattle Opera Vice President, Executive Committee Former
Robertson, Stephens & Company Investment Banker Former
Columbia University Master's Degree In Business Administration Former
St. Lawrence University Bachelor of Arts Degree Former
Lawrence University BA degree in economics Former

Organization Position Status
Mytwofrontteeth.Org Venture Partner, Mayfield Fund Current
Mercury Interactive Corporation Current
Senforce Technologies, Inc. Current
Cirrus Data Board of Directors Current
Military Advantage, Inc. Board of Directors Current
Altiris Inc. Board of Directors Current
Forever Young Foundation Board of Directors Current
Metricstream, Inc. Board of Directors Current
Sdrky Health Board of Directors Current
AppLabs, Inc. Board of Directors Current
Cemaphore Systems, Inc. Board of Directors Current
Transparient Inc. Board of Directors Current
Instill Corporation Board of Directors Current
High-Tech, Inc. Board of Directors Current
Concur Technologies, Inc. Board of Directors Current
Directpointe Inc. Board of Directors Current
Eunoe, Inc Board of Directors Current
Interplast, Inc. Board of Directors Current
Jostens Learning Vice President of Sales Former
ONSET Ventures Founder Former
New Enterprise Associates Former
Stanford University MS Former
Stanford Graduate School of Business MBA Former
Stanford University BS Degrees In Engineering Former
Mayfield Fund Member Former

Organization Position Status
Symetra Financial Corporation President and Chief Executive Officer Current
Performing Arts Center Eastside Division Chair, Corporate Gifts Current
American Council of Life Insurers Board Member Current
Symetra Financial Corporation Member, Board of Directors Current
Concur, Inc. Director Current
Washington Round Table Board Member Current
Concur Technologies, Inc. Director Current
Etap-On-Line Director Current
Hub International Southwest Agency Limited NA Former
ShareBuilder Corporation Board Member Former
Forest Ridge School Board Member Former
Arizona State University Bba Former
American Council of Life Insurers member Former

William Canfield has been a director of Concur since 2003. Since 1987, he has served as the President and Chief Executive Officer of TALX Corporation, a business process outsourcer of payroll data-centric services. In May 2007, TALX Corporation was acquired by Equifax, Inc. Since May 2007, Mr. Canfield has served as a director of that company. Mr. Canfield has been an entrepreneur since 1968, starting or purchasing an interest in several computer related companies including Financial Data Systems, Inc., a provider of services and turnkey systems to banks, and Noetic Technologies Corporation, an engineering software company.

Organization Position Status
TALX Corporation President Current
Concur, Inc. Director Current
Etap-On-Line Director Current
Equifax Inc. Board of Directors Current
Concur Technologies, Inc. Director Current
TALX Corporation Chairman and Chief Executive Officer Former
TALX Corporation Board of Directors Former
Washington University Masters In Business Administration Former
Purdue University Bachelor of Science Degree In Electrical Engineering Former

Organization Position Status
International Venture Partners, Inc. General Partner Current
Cortina Systems Corporation Board of Directors Current
Genentech, Inc. Venture Investor Current
Verisity, Ltd. Venture Investor Current
Aspect Software, Inc. Investor Current
3Com Corporation Venture Investor Current
Cypress Semiconductor Corporation Venture Investor Current
Silicon Graphics, Inc. Venture Investor Current
Artisan Components, Inc. Investor Current
WebEx Communications, Inc. Venture Investor Current
MIPS Technologies, Inc. Venture Investor Current
LSI Corporation Venture Investor Current
Applied Biosystems Group Venture Investor Current
Dust Networks Venture Investor Current
Linear Technology Corp. Venture Investor Current
SupportSoft, Inc. Venture Investor Current
Concur Technologies, Inc. Investor Current
Compaq Computers Investor Current
Websense Inc. Investor Current
Lam Research Corporation Investor Current
Polycom, Inc. Investor Current
Motion Computing, Inc. Investor Current
@Road, Inc. Venture Investor Current
Amgen Inc. Venture Investor Current
Quantum Corporation Venture Investor Current
Digital River, Inc. Venture Investor Current
Institutional Venture Partners General Partner Former
Hewlett-Packard Company computer programmer Former
McKinsey & Company, Inc. management consultant Former
Stanford University Board Member Former
Harvard Law School J.D Former
Harvard Business School M.B.A Former
Stanford University B.S. degree in Management Science & Engineering Former

Executive News

  • Concur to Present at Citigroup's 16th Annual Global Technology Conference

    PR Newswire - 9/04/09 - View Story

  • Concur to Present at Citigroup's 16th Annual Global Technology...

    MSN Money - 9/04/09 - View Story

  • Calix Raises $100 Million in New Financing

    Converge! Network Digest - 9/01/09 - View Story

  • Calix Gets $100M in New Financing

    XChange Magazine - 8/31/09 - View Story

  • What Calix Won't Do With $100M

    Light Reading - 8/31/09 - View Story

  • Calix raises $100 million

    Lightwave - 8/31/09 - View Story

  • Calix raises $100M, eyeing stimulus

    Telephony - 8/31/09 - View Story

  • Calix Nets $100M More

    Light Reading - 8/31/09 - View Story

  • Calix raises $100 million for rural broadband communications equipment

    Venturebeat - 8/31/09 - View Story

  • Calix Announces $100 Million in New Financing

    RBC Dain Raushcer - 8/31/09 - View Story

  • Tax Report Projects Travel Costs Higher After Recession

    HotelExecutive.com - 8/26/09 - View Story

  • Tax Report Projects U.S. Travel Costs to Be Higher After Recession

    Hotel News Resource - 8/25/09 - View Story

  • Concur signs content agreement with Southwest Airlines

    TradingMarkets - 8/25/09 - View Story

  • Tax Report Projects U.S. Travel Costs to Be Higher After Recession

    Business Wire - 8/24/09 - View Story

  • Concur and Southwest Airlines Sign New Access Agreement

    Montana's News Station - 8/24/09 - View Story

  • Concur and Southwest Airlines Sign New Access Agreement

    WFMJ 21 - TV - 8/24/09 - View Story

  • Southwest Airlines, Concur sign access deal

    Dallas Morning News - 8/24/09 - View Story

  • Concur signs agreement with Southwest Airlines

    CNBC - 8/24/09 - View Story

  • Concur and Southwest Airlines Sign New Access Agreement

    PR Newswire - 8/24/09 - View Story

  • Concur signs deal with Southwest Airlines

    Seattle Bizjournals - 8/24/09 - View Story

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     CNQR $40.65 +0.30 (0.74% )
Average Volume 462,456
Shares Outstanding 49.04M
Market Cap 2.0B
Year High 41.46
Year Low 17.82
Earnings Per Share 0.50
P/E Ratio 81.30
Dividend N/A
Yield N/A
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