SAP annonce l’acquisition de Concur

Je suis ravi de vous informer que SAP a annoncé son intention d’acquérir Concur. Ce rapprochement va permettre de combiner le savoir-faire de notre plateforme cloud leader dans le domaine de la gestion déplacements et frais professionnels et l’expertise du leader mondial du marché des logiciels d’entreprise ; nous sommes convaincus qu’il créera significativement de la valeur pour nos clients.

SAP délivre des logiciels et des services à plus de 261 000 entreprises à travers le monde. Avec ce rapprochement, nous allons pouvoir apporter de nouvelles ressources et une expertise accrue à nos clients et inciter des développeurs et des partenaires à rejoindre la plateforme Concur, nous permettant d’aller encore plus loin dans ce que nous mettons à votre disposition. Enfin, la philosophie de SAP, aux côtés de ses clients pour faciliter leur quotidien, est en parfait accord avec notre souhait de fournir des solutions simples vous permettant de vous concentrer sur l’essentiel. Aussi nous escomptons que ce rapprochement permettra de développer de nouvelles innovations.

Nous reviendrons vers vous avec davantage d’informations au cours des mois à venir, étant dans l’attente des approbations réglementaires sur le rapprochement ; ce processus est appelé à durer jusqu’à cette fin d’année ou début 2015. Il est prévu que Concur opère au sein de SAP en reportant dans un premier temps au CEO de SAP.

Nous serons heureux de recueillir votre réaction sur cette annonce. Aux côtés de vos responsables de compte, toute notre équipe de Direction reste à votre entière disposition pour répondre à vos questions. Nous vous réitérons notre engagement total de contribuer à votre succès et vous remercions de votre confiance.

Bien cordialement,

Steve

Forward Looking Statements

Statements in this communication regarding the proposed transaction between the SAP Group and Concur, the expected timetable for completing the transaction, benefits and synergies of the transaction, future opportunities for the combined company and products, and any other statements regarding the future expectations, beliefs, goals, plans or prospects of the SAP Group and Concur constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and (collectively, “forward-looking statements”). Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered forward-looking statements. A number of important factors could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the parties’ inability to consummate the Merger due to failure to satisfy conditions to the completion of the transaction, including the receipt of stockholder approval or the regulatory approvals required for the transaction, which may not be obtained on the terms expected, on the anticipated schedule or at all; the possibility that the parties may be unable to achieve expected benefits of the Merger within the expected time-frames or at all; inability to integrate Concur’s operations into those of the SAP Group successfully; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with current employees and customers) may be greater than expected following the transaction; any failure to retain Concur employees; competition facing the SAP Group and Concur is intense and may pose unexpected future challenges; fluctuations in foreign currencies could result in transaction losses and increased expenses; the volatility of the international marketplace; and the other factors described in SAP’s Annual Report on Form 20-F for the year ended December 31, 2013 filed with the SEC and in its most recent interim report on Form 6-K filed July 21, 2014 with the SEC, and Concur’s Annual Report on Form 10-K for the fiscal year ended September 30, 2013 and in its most recent Quarterly Report on Form 10-Q filed with the SEC. The SAP Group and Concur assume no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC

In connection with the proposed acquisition of Concur, Concur intends to file relevant materials with the SEC, including Concur’s preliminary proxy statement and its definitive proxy statement (the “Proxy Statement”). STOCKHOLDERS OF CONCUR ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING CONCUR’S DEFINITIVE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain the documents free of charge at the SEC’s web site, http://www.sec.gov. Documents will also be available for free from Concur at https://www.concur.com/en-us/investors/contact.

SAP and its directors and executive officers, and Concur and its directors and executive officers, may be deemed to be participants in the solicitation of proxies from the holders of Concur’s common stock in respect of the proposed transaction. Information about the directors and executive officers of SAP is set forth in its Annual Report on Form 20-F, which was filed with the SEC on March 21, 2014. Information about the directors and executive officers of Concur is set forth in the proxy statement for Concur’s 2014 Annual Meeting of Stockholders, which was filed with the SEC on January 30, 2014. Investors may obtain additional information regarding the interest of such participants by reading the definitive proxy statement regarding the acquisition when it becomes available. As of September 16, 2014, Concur’s directors and executive officers collectively owned approximately 1,336,909 shares of Concur’s common stock, which represented approximately 2% of the outstanding shares of Concur’s common stock as of such date. A more complete description of these arrangements and the interests of Concur’s directors and executive officers with respect to the Merger will be available in the Proxy Statement.