Concur Expects Gelco Acq. To Boost Quarterly Revs. $9M

Concur Technologies estimated that it can boost revenues by more than $9 million per quarter once it completes its planned acquisition of expense competitor Gelco Expense Management later this year. Concur announced the agreement to acquire Gelco for $160 million on Monday. During a quarterly earnings conference call Wednesday, Concur executives said they expected the acquisition to "be accretive to pro forma earnings in fiscal 2008," and help the company meet an annual growth target of 25 perc