SOFTWARE
SAP to buy Concur for $7.4 billion
SAP has agreed to buy Concur Technologies for $7.4 billion in the biggest acquisition by the 42-year-old German software maker.
Concur’s software can book flights and manage expenses on the Internet or mobile devices. It is used by corporations including Google, Kellogg and Hess, according to Concur’s Web site.
SAP agreed to pay $129 a share for Concur, 28 percent more than the stock’s Sept. 2 close, the day before reports surfaced suggesting the Bellevue, Wash., firm was exploring a sale. Including debt, the deal is valued at about $8.3 billion. The acquisition is slated to be completed by the first quarter of 2015, according to SAP.
SAP chief executive Bill McDermott is racing to add revenue from software delivered over the Internet as growth has stalled for traditional products.
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— Bloomberg
aircraft
Drones neglected in new air traffic system
Designers of the ambitious U.S. air traffic control system of the future neglected to take drones into account, raising questions about whether it can handle the escalating demand for the unmanned aircraft and predicted congestion in the sky.
“We didn’t understand the magnitude to which [drones] would be an oncoming tidal wave, something that must be dealt with, and quickly,” said Ed Bolton, the Federal Aviation Administration’s assistant administrator for what is known as NextGen.
Congress passed legislation creating NextGen in 2003, and directed the FAA to accommodate all types of aircraft, including drones. The program, which is not expected to be completed for at least another decade, is replacing traditional radar and radio communications with satellite-based navigation and digital communications.
— Associated Press
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