Concur Technologies Renews Stock Repurchase Program

Concur Technologies Renews Stock Repurchase Program

REDMOND, Wash., Jan. 25 /PRNewswire-FirstCall/ -- Concur Technologies, Inc. (NASDAQ:CNQR), the world's leading provider of business services that automate Corporate Expense Management, today announced that its Board of Directors has approved the renewal of an existing share repurchase program authorizing the repurchase of up to two million shares of its currently outstanding common stock over the next two years. Stock purchases under the stock repurchase program are expected to be made from time to time in the open market based on market conditions. The repurchased shares will be retired.

The Board of Directors believes that this stock repurchase program demonstrates Concur's commitment to enhance long-term stockholder value. The Board of Directors' decision to renew this program was based on Concur's cash position and expected cash flow from operations.

About Concur Technologies, Inc.

Concur Technologies, Inc. is the world's leading provider of business services that automate Corporate Expense Management. Concur's solutions are trusted by thousands of companies worldwide and feature the flagship Concur Expense Service. This comprehensive Web-based service manages travel and entertainment expenses and includes Concur Imaging Service to eliminate the hassle of managing paper receipts and Concur Analysis Service for turning raw expense data into valuable business intelligence. Together, these solutions provide rapid ROI by streamlining business processes, reducing operating costs, improving internal controls and empowering financial managers to apply greater insight into their company's spending patterns. More information about Concur is available at www.concur.com.

Investor Contact:
John Adair, Concur Technologies, Inc., 425-497-6439, johna@concur.com

Press Contact:
Robert Nachbar, Barokas Public Relations, 206-344-3140,
robert@barokas.com


Source: Concur Technologies, Inc.

CONTACT: investors, John Adair of Concur Technologies, Inc.,
+1-425-497-6439, or johna@concur.com; or media, Robert Nachbar of Barokas
Public Relations, +1-206-344-3140, or robert@barokas.com, for Concur
Technologies, Inc.

Web site: http://www.concur.com/


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