Concur Technologies Announces Initial Public Offering of 3,100,000 Shares of Common Stock at $12.50 Per Share.

REDMOND, Wash.--(BUSINESS WIRE)--Dec. 16, 1998--Concur Technologies Inc. (Nasdaq:CNQR) today announced the pricing of its initial public offering of 3,100,000 shares of Common Stock at $12.50 per share.

Of the shares being offered, 2,900,000 shares are being sold by Concur Technologies and 200,000 shares are being sold by certain selling stockholders. The offering is being led by BancBoston Robertson Stephens Inc., Hambrecht & Quist LLC, and Piper Jaffray Inc.

Concur Technologies intends to use the net proceeds from the offering for general corporate purposes, including increased sales and marketing, research and development, and professional services expenditures.

Founded in 1993, Concur Technologies is a leading provider of employee facing business applications that extend automation to employees throughout the enterprise and to partners, vendors, and service providers in the extended enterprise. Through its Xpense Management Solution(TM) (XMS(TM)) and CompanyStore(TM) applications, Concur offers a suite of Web-based employee facing solutions for automating the preparation, approval, processing, and data analysis of travel and entertainment expense reports and front-office procurement requisitions.

Copies of the Prospectus relating to the offering may be obtained from BancBoston Robertson Stephens Inc., 555 California Street, Suite 2600, San Francisco, California, 94104. Telephone: [phone]; from Hambrecht & Quist LLC, One Bush Street, San Francisco, California, 94104. Telephone: [phone]; or from Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, Minnesota, 55402. Telephone: [phone].