Concur Forms Large Market and Small and Middle Enterprise Divisions.REDMOND, Wash.--(BUSINESS WIRE)--Nov. 17, 1999-- Concur Technologies, Inc. (Nasdaq:CNQR), a leading provider of workplace eCommerce solutions, announced today the formation of two new divisions to more effectively bring its workplace eCommerce solutions to a broad range of customers across the small, middle and large markets. The company also announced that the board of directors has appointed Concur's chief executive officer, Steve Singh, to chairman of the board. Effective immediately, Jon Matsuo has been promoted to president of the Large Market Division. Matsuo will concentrate on expanding the success of the Concur eWorkplace and Concur eWorkplace ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). business portals across the Global 4000 market. Additionally, Bruce Chatterley has been promoted to president of the Small and Middle Enterprise (SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ) Division. Chatterley will focus on developing the Concur eWorkplace.com product portfolio and next-generation electronic commerce applications across the small and middle markets. Both Matsuo and Chatterley will report directly to Singh. "By forming these divisions, we have positioned ourselves to more effectively meet the needs of customers across all markets -- from companies with 50 employees to companies with 250,000 employees," said Steve Singh, chairman and chief executive officer of Concur. "Jon and Bruce have been instrumental in building Concur into a global leader in the workplace eCommerce market. Both will play a pivotal role in Concur's future accomplishments." Concur also announced the addition of Michael Eberhard to executive vice president of worldwide sales. Eberhard succeeds Matsuo and brings more than a decade of experience in large market enterprise solution sales to Concur. He has held senior management positions for a number of technology companies including PeopleSoft, Dunn & Bradstreet Software, and Canon USA. Most recently, Eberhard served as vice president and general manager of sales for one of the most successful divisions at PeopleSoft, representing nearly one-third of the company's revenue. Eberhard holds a bachelor's degree in Finance from Providence College
Additionally, Concur has appointed Ajay Kela to executive vice president of research and development. Kela will lead Concur's product development group and is responsible for overseeing continued delivery of all of the company's applications and solutions. Kela brings over a decade of experience to the position, most recently having served as general manager and vice president of the AutoCAD Division at Autodesk Inc., where he led the development of the industry leading, Web-enabled, CAD (computer aided design (application) Computer Aided Design - (CAD) The part of CAE concerning the drawing or physical layout steps of engineering design. Often found in the phrase "CAD/CAM" for ".. manufacturing". ) software product, AutoCAD. Kela holds a doctorate in mechanical engineering from the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. . He will report directly to Singh. "I am pleased that Ajay and Mike have joined our team," said Singh. "Their addition reinforces our commitment to meet increased demands for our workplace eCommerce solutions. Ajay's unrivaled command of product development coupled with Mike's expertise in leading a first-rate sales organization will be invaluable for our continued success." With Singh assuming the role of chairman, Michael Hilton, Concur co-founder, will focus on his pivotal role as chief technical officer. "As we continue to expand the breadth of our workplace eCommerce solutions and our leadership position in this exciting and rapidly emerging market, I am very pleased to assume the added responsibilities of chairman of the board," stated Singh. "We believe the workplace eCommerce market is still in the early stages of development, providing Concur with significant growth opportunities." About Concur Technologies Concur Technologies, Inc.(TM) (www.concur.com) is a leading provider of workplace eCommerce solutions that automate To turn a set of manual steps into an operation that goes by itself. See automation. costly and inefficient business processes among employees, partners, suppliers and service providers. Its flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Concur eWorkplace(TM), Concur eWorkplace ASP and Concur eWorkplace.com(TM) (www.concureworkplace.com), integrate Concur's suite of workplace eCommerce solutions -- business-to-business eCommerce, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. self-service, travel and entertainment expense Travel and entertainment expense Funds spent on business travel and entertainment that qualify for a tax deduction of 50% of the amount claimed. management and travel booking through a common business portal. All three products enable users to access critical information and services thus reducing operating costs operating costs npl → gastos mpl operacionales , increasing productivity and improving supplier management. Concur has licensed its workplace eCommerce solutions to more than 275 companies worldwide, representing over 2.1 million employees. Customers include AT&T, Baxter International Baxter International Inc. (NYSE: BAX), is a global healthcare company with 48,000 employees and 2006 sales of US$10.4 billion. Its headquarters is in Deerfield, Illinois. , DaimlerChrysler, Exxon and Pfizer. Concur's Global Alliance Network is comprised of over 50 world-class organizations including ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Exodus Exodus (ĕk`sədəs), book of the Bible, 2d of the 5 books of the Law (the Pentateuch or Torah) ascribed by tradition to Moses. The book continues the story of the ancestors of Israel in Egypt, now grown in number to a large landless and Microsoft. All company or product names are trademarks and/or registered trademarks of their respective owners. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from current expectations. Statements made in this release that relate to future plans, events or performances or statements containing words such as "believes," "anticipates," "plans" or "expects" are forward-looking statements. These statements are based on current expectations and involve risks and uncertainties. Factors that could cause or contribute to actual results differing from current expectations include, but are not limited to, uncertainty of market acceptance of the company's products, including the Concur eWorkplace.com product designed for the small and middle market; risks associated with new business models; risks associated with expansion into new markets; and risks associated with acquisitions. Please refer to the company's public filings made with the Securities and Exchange Commission (http://www.sec.gov) for additional and more detailed information on risk factors that could cause actual results to differ materially from current expectations. Concur assumes no obligation to update the forward-looking information contained in this press release. |
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