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    Monday, July 30, 2007

    Concur Acquires H-G Holdings


    Redmond, Washington-based Concur said today that it has agreed to acquire H-G Holdings, Inc., owner of Gelco Information Network and Gelco Expense Management. Concur said it will pay $160M in cash for H-G Holdings. Gelco Expense Management is a provider of expense management services. Concur said it expects the acquisition to be acretive to its pro-forma earnings in fiscal 2008. Concur operates a software-as-a-service business to help companies manage their employee spending and travel reimbursement and booking.
    posted on Monday, July 30, 2007


    Related companies:
    Concur

    Related stories:
    > Concur Names COO Singh to Board
    > Concur Hires Travel Management Head
    > Concur Buys Outtask For As Much As $124M
    > Concur Launches Partner Program
    > AMEX Pays $251M for 13 Percent Stake in Concur
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