REDMOND, Wash., Nov. 21 /PRNewswire/ --
Concur Technologies, Inc. (Nasdaq: CNQR), the leading provider of Corporate Expense Management solutions, today announced that it has been named to Deloitte & Touche's Technology Fast 500. The Technology Fast 500 ranks North America's 500 fastest growing technology companies. Concur was recognized as the 242nd fastest growing technology company in the United States and Canada, with a 1,639 percent growth in revenue. The list of Technology Fast 500 winners will be published in the November 27, 2000 issue of Forbes ASAP.
"The vision, drive, and determination of the leaders and employees at Concur Technologies propelled their company to an elite status as one of 500 fastest-growing technology firms in the U.S. and Canada," said Mark A. Evans, managing director of Deloitte & Touche's Technology and Communications Group. "We applaud their dedication to excellence while maintaining a fast-paced growth, and commend them for making the Deloitte & Touche Technology Fast 500."
"We are honored to be included in Deloitte & Touche's Technology Fast 500," said Steve Singh, chairman and chief executive officer for Concur Technologies. "Our technology vision is driven by innovation that delivers proven return on investment for our customers. This vision has been validated by more than 600 companies around the world who have chosen our low risk, high reward Corporate Expense Management solutions to increase operational efficiencies and maximize bottom line results."
In its selection of the Technology Fast 500, Deloitte & Touche's team reviewed financial records for more than 5,000 public and privately held technology companies. To qualify, companies must be headquartered in the United States or Canada and must have at least five years of operations, with minimum operating revenues of $50,000 for 1995 and $1 million for 1999. Companies also must develop proprietary technology that contributes to a significant portion of their operating revenues, manufacture a technology product, or devote a high percentage of effort to research and development of technology. The annual ranking is based on five-year revenue growth, from 1995 to 1999.
A complete listing of the Technology Fast 500 companies can be found at www.fast500.com.
About Concur Technologies, Inc.
Concur Technologies, Inc.(TM) is the leading provider of Corporate Expense Management solutions that automate costly and inefficient business processes, allowing companies to better leverage their most limited resources: time, money, knowledge, and energy. Meeting the needs of businesses of all sizes, Concur's solutions include travel and entertainment expense management, employee requests for vendor payments, time tracking and reporting, and human resources self-service, and can be delivered through licensed and Application Service Provider (ASP) models. Today, more than 600 companies, including AT&T, Daimler-Chrysler, DuPont, First Union, and Pfizer, have selected Concur's market leading solutions to enhance their bottom line. Delivering on its commitment to excellence and meeting the needs of its customers across the globe, Concur leverages its strategic alliances with more than 50 world-class organizations such as ADP, American Express, Exodus, KPMG, Microsoft, Nortel Networks, and SAFECO, and has successfully deployed its solution to more than 1.5 million employees worldwide. Concur also continues to expand its international market leadership with more than 50 companies deployed outside North America. More information is available via the Internet at www.concur.com.
NOTE: All company or product names are trademarks and/or registered trademarks of their respective owners.
CONTACT: John Russo of Concur Technologies, Inc., 425-497-6440, or johnr@concur.com; or David Gutierrez of Niehaus Ryan Wong, 650-827-7054, or gdavid@nrwpr.com; or Investors, Steve Yount of Concur Technologies, Inc., 425-497-6430, or stevey@concur.com; or Teri Bruno of Deloitte & Touche, 714-536-8407, or teribruno@aol.com.

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