Concur Technologies, Inc. Announces Completion of Follow-On Public Offering.REDMOND, Wash.--(BUSINESS WIRE)--April 16, 1999-- Concur Technologies, Inc. (Nasdaq:CNQR) today announced that it completed a public offering of 3,100,000 shares of its Common Stock at $43.50 per share. Of these shares, 2,018,620 shares are being offered by the Company and 1,081,380 shares are being offered by certain stockholders of the Company. The Company will not receive any proceeds from the sale of shares by the selling stockholders. The Company has granted to the underwriters of the public offering an option to purchase up to an additional 465,000 shares to cover over-allotments, if any. The offering is being led by BancBoston Robertson Stephens Inc., Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Inc., Volpe Brown Whelan & Company, LLC and FAC/Equities, a division of First Albany Corporation. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used for working capital and other general corporate purposes. Concur Technologies was founded in 1993 to automate costly, inefficient business processes that otherwise consume valuable time and resources. Concur develops and supports a suite of Web-based employee facing solutions for automating key business processes across the corporate enterprise. Concur has licensed its products to over 175 enterprise customers. Its flagship product, Employee Desktop(TM), is an employee business portal that integrates Concur's suite of employee facing applications through a common user interface, and provides a business portal through which corporate customers and third parties can deliver other information and services to employees. Concur's Xpense Management Solution(TM) (XMS (1) See cross memory services. (2) (eXtended Memory Specification) A programming interface that allowed DOS programs to use memory above 1MB in 286s and up. (TM)) is the leading enterprise software for travel expense management, automating processes across hundreds of thousands of desktops worldwide. CompanyStore(TM), Concur's enterprise software for automating procurement, reduces the time and resources required to research and order supplies, equipment and other front-office goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Formerly Portable Software Corporation, Concur is based in Redmond, Washington. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the offered shares, nor shall there be any sale of the offered shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Copies of the Prospectus relating to the offering may be obtained from BancBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 94104, (415) 781-9700; Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104, (415) 439-3000; U.S. Bancorp Piper Jaffray Inc., 2500 Sand Hill Road, Suite 200, Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. 94025, (612) 342-6000; Volpe Brown Whelan & Company, LLC, One Maritime Plaza One Maritime Plaza is an office tower located in San Francisco's Financial District near the Embarcadero Center towers on Clay and Front Streets. The building, completed in 1964, stands 121 m (398 feet) and has 27 floors of office space. , 5th Floor, San Francisco, California 94111, (415) 274-4400; and FAC/Equities, 500 Airport Boulevard, Suite 333, Burlingame, California 94010, (518) 447-8500. Note to Editors: Employee Desktop(TM), Xpense Management Solution(TM), XMS(TM) and CompanyStore(TM) are trademarks of Concur Technologies. |
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