Concur Technologies acquires 7Software

By Staff -- Purchasing, 11/19/1998

Concur Technologies, formerly Portable Software Corp., has acquired 7Software [PUR: Mar. 26, '98; p. 103].

Concur's suite of products automates core business processes that impact employees such as travel expense management. Its flagship product is the Xpense Management Solution (XMS).

7Software's product, Companystore, helps to streamline each step in the corporate procurement process by using a simple browser interface that enables employees to easily order and track information from their desktops. With CompanyStore, purchasing operations are able to establish levels of approval, control the products and catalogs that are viewed by employees, define ordering limits, and streamline workflow. Benefits to using the system include reduced cycle time, increased negotiating power, improved reporting capabilities, and an overall reduction in buying costs.

"7Software has the strongest team with the broadest experience in building and deploying large-scale enterprise systems, and theirs is rich in depth and functionality," says Mike Hilton, chairman and chief technology officer, Concur, Redmond, Wash.

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