Concur Technologies, Inc.
) is a leading service provider in integrated travel and expense
management. Recently, it acquired a privately owned company
conTgo. This acquisition will enable CNQR to add location based
comprehensive communication and messaging platform to its
customers, suppliers and clients.
CNQR intends to deploy conTgo's leading cloud based technology
and expertise to enhance its customers' experience by using
itinerary data and location information with insight and context
from past behavior. This will be applied in the context of
tracking employees based on their location and communicating with
This will also help travelers make travel plans in accordance
with their colleagues using locational data like hotel, city
.etc. They can also manage to take up the transportation services
along with their friends from the same hotel. Additionally, this
will make delivery of offers based on itinerary data easier.
This step is expected to give CNQR an extra edge to rise above
its competitors. This will help companies track and communicate
with their travelers at any point of time, whatever be their
The terms of the contract were not disclosed. Due to the
increased headcount and the resultant increase in operating cost
arising out of this acquisition, the company's operating margin
is expected to decrease marginally for 2013. However, the company
will surely benefit in the long run from the improved customer
experience that CNQR will be able to deliver through this
Concur Technologies currently holds a Zacks #3 Rank, implying
a short-term Hold recommendation on the stock. Its competitors
Netsol Tech Inc
) all hold a Zacks Rank #1, (Strong Buy).
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