Concur India Established to Serve the Travel and Expense Management Needs of the Burgeoning Indian Business Travel Market

MUMBAI, India, April 18, 2011 /PRNewswire/ -- Concur (Nasdaq: CNQR), a leading provider of integrated travel and expense management solutions, today announced the establishment of operations in India – a move that perfectly aligns with the company's strategic initiatives to expand its existing customer base while also expanding into new geographic markets. In addition to helping Concur continue to serve the needs of the hundreds of multi-national companies in the region that already use Concur services, the company's presence in India will also enable the company to deliver sales, service and development capabilities to better serve the local needs of the burgeoning Indian business travel market.

"India is projected to very soon become the world's third largest economy, with a travel sector that is expected to be well over $20 billion by 2012," said Steve Singh, Concur's chairman and chief executive officer. "As the global leader in corporate travel, expense and itinerary management, Concur looks forward to continuing to serve the needs of this rapidly growing market in which we're already very well established. By hiring local talent across all functional areas of our business and focusing on the local needs of each market in which we operate, Concur will continue to expand our offerings and extend our global reach."

Concur has a long history of working in India, delivering world-class travel and expense management that serves both Indian-based companies as well as multi-national customers, such as Atmel Corporation, who have an established employee base in India. "Atmel India plays a key role in Atmel's microcontroller business," said Mark Ziegler, Corporate Travel Manager for Atmel. "Concur's expansion into India will allow us to further standardize travel policy compliance and procedures as we continue implementation of our global travel management strategy."

About Concur

Concur® is a leading provider of integrated travel and expense management solutions for companies of all sizes. Concur's easy-to-use web-based and mobile solutions help companies and their employees control costs and save time. Learn more at www.concur.com.

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