We missed this earlier: Enterprise software maker SAP has signed an agreement to acquire the NASDAQ-listed travel and expense management company Concur Technologies in a deal valued at around $8.3 billion. It's worth noting that Concur is a significant stakeholder in the online travel agent Cleartrip. As per the deal, SAP is paying $129 per share, which was 20% higher than Concur's closing price of $107.47 on September 17. Concur shares were trading at $126.78 at day's close yesterday. SAP informed that it will be funding this transaction through a credit facility agreement of up to €7 billion that will cover the purchase price, target debt refinancing and acquisition-related costs. The deal is expected to close in Q4 2014 or Q1 2015, subject to stockholder approval and clearances from relevant regulatory authorities. Collaboration with SAP HANA Following this acquisition, SAP will be migrating all its corporate travel and expense management to Concur’s integrated solutions. Concur will also collaborate with SAP to build network-based context-aware mobile apps. SAP claims both the companies combined will have 50 million users in the cloud and it will be the second largest cloud company in terms of revenue. Concur will also apparently collaborate with SAP's HANA platform to offer advanced analytics and insights to business-expense analysis besides creating new business models in the travel value chain. In addition, SAP mentions that Concur's corporate travel platform will also complement its Ariba commerce network and Workforce management suite Fieldglass. It's worth noting that Concur was exploring a possible sale earlier…
