BNET Industries
Market Cap:$1.8B
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 SinghNumber of Employees 932
Peer Companies
NAICS Code Software Publishers: 511210
Recent Events
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Concur Seeks CFO Replacement
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Concur's Fourth Quarter and Fiscal 2009 Results Exceed Expectations
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Concur Technologies shares fall on weak guidance
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BRIEF-RESEARCH ALERT-Deutsche Bank raises targets on U.S. software cos
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Wedbush Morgan Upgrades Concur Technologies CNQR to Neutral; Customer Growth Remains Strong
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CUSTOMER WIN: Major Corporate T&E Management Company Takes Flight with BMC Software
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Southwest Airlines, Concur sign access deal
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Concur Reports Strong Results For Third Quarter Fiscal 2009
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Ahead of the Bell: Concur Technologies downgraded
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Stocks Turning In A Strong Performance In Morning Trading - U.S. Commentary
News & Analysis
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concur technologies - All News and Analysis
Concur Technologies Inc. F4Q09 (Qtr End 30/09/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Jeff Keane - William Blair. Jeff Keane - William Blair First of all I want to wish John good luck, and could you also talk about for the quarter were there any changes sequentially in sales cycles, contract terms...
Concur Takes a Transatlantic Shopping Trip
The 451 Group: Inorganic Growth submits: After being out of the M&A market for two years, Concur Technologies CNQR reached across the Atlantic earlier this week for a small Paris-based startup to help expand its business in Europe. Currently, business outside of the US accounts for about 10% of...
Concur Technologies, Inc. F3Q09 (Qtr End 08/05/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from line of Thomas Ernst - Deutsche Bank. Thomas Ernst - Deutsche Bank Securities I think you did a decent job highlighting the demographic drivers as they have been shifting first in the employment and etc rise and not rise...
Concur Technologies, Inc. F3Q09 (Qtr End 08/05/09) Earnings Call Transcript
Concur Technologies, Inc. CNQR F3Q09 Earnings Call Transcript August 05, 2009 at 5:00 pm ET
Concur Technologies F2Q09 (Qtr End 3/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from line of Thomas Ernst with Deutsche Bank. Tom Ernst - Deutsche Bank Securities Good afternoon, gentlemen. Thanks for taking my questions. Steve Singh Hi, Tom. Tom Ernst - Deutsche Bank Securities So the question I have for you is with...
Concur Technologies: Street Debates Diploma-Gate
Eric Savitz (Barron's) submits: There’s a spirited debate on the Street Monday morning about what to make of the Diploma-Gate scandal that’s broken out at Concur Technologies CNQR, which provides software used to tracked employee travel expenses. (We actually use their software here at Dow Jones, and I find...
RideCharge raises USD5m for online taxi-booking
Virginia-based RideCharge has raised USD4.6m in a Series B funding round led by corporate expense management firm, Concur. The company provides electronic booking, payment and expense management services for taxis across the US. by Ranil Pilimatalawa
More SaaS: SuccessFactors Steady, Concur Cautious
Sramana Mitra submits: On Tuesday, we saw how the SaaS sector is doing well, with RightNow RNOW achieving profitability and Omniture OMTR going strong. In this post, we’ll analyze the results of SuccessFactors and Concur. On Monday, SuccessFactors (NASDAQ: SFSF), a leading SaaS company for performance and talent...
Concur Technologies F1Q09 (Qtr End 12/31/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from the line of Thomas Ernst with Deutsche Bank. Please go ahead with your question. Thomas Ernst - Deutsche Bank Good afternoon gentlemen, thanks for taking our questions. Steven Singh Hey Tom. Thomas Ernst - Deutsche Bank Last call you talked...
Concur Technologies, Inc. F4Q08 (Qtr End 9/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Steven Ashley - Robert W. Baird & Co. Steven Ashley - Robert W. Baird & Co. You talked about the fact that at the end of September you actually saw the number of new customers being added, pace...
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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
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Concur to Present at Citigroup's 16th Annual Global Technology Conference
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Concur to Present at Citigroup's 16th Annual Global Technology...
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Calix Raises $100 Million in New Financing
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Calix Gets $100M in New Financing
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What Calix Won't Do With $100M
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Calix raises $100 million
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Calix raises $100M, eyeing stimulus
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Calix Nets $100M More
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Calix raises $100 million for rural broadband communications equipment
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Calix Announces $100 Million in New Financing
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Tax Report Projects Travel Costs Higher After Recession
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Tax Report Projects U.S. Travel Costs to Be Higher After Recession
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Concur signs content agreement with Southwest Airlines
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Tax Report Projects U.S. Travel Costs to Be Higher After Recession
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Concur and Southwest Airlines Sign New Access Agreement
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Concur and Southwest Airlines Sign New Access Agreement
-
Southwest Airlines, Concur sign access deal
-
Concur signs agreement with Southwest Airlines
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Concur and Southwest Airlines Sign New Access Agreement
-
Concur signs deal with Southwest Airlines
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