SAP To Acquire Concur Technologies To Boost Cloud Sales

With revenues of nearly $862 million expected for the fiscal year ending September 2015, Concur looks to be valued at approximately 9.6x forward FY sales. Comparatively, recent acquisitions in the SaaS space, such as Salesforce's acquisition of ExactTarget and Oracle's acquisition of Responsys, had acquisition multiples much lower than SAP's priced bid.