Fenwick & West LLP represented Concur Technologies, Inc. (NASDAQ: CNQR), a leading provider of on-demand employee travel & expense management services, in its recently-announced strategic partnership with American Express Company (NYSE: AXP). The partnership includes an exclusive marketing alliance between the two companies and a strategic investment by American Express in Concur.
Through the exclusive marketing alliance, Concur will promote American Express corporate cards to its clients and American Express will promote Concur expense management services to its corporate clients.
American Express also purchased 6.4 million shares of Concur common stock for $251 million and received a warrant to purchase an additional 1.28 million shares of Concur common stock.
More information about the transaction can be obtained from the Concur Web site.
Assisting Concur with this transaction were Fenwick & West partners Horace Nash (who has worked with Concur for more than a decade), Robert Freedman and Mark Ostrau, and associates Michael Hopp, Brian Hicks and Greg Roussel.