When you buy the most pristine asset in the SaaS [software-as-a-service] industry, it has to be regarded as a scarce asset. It's not what you pay for these assets, it's what you do with them. The business case for this is the best business case I've ever put in front of the board.
This is a $1.2 trillion addressable market. There's lots of greenfield here. You give me one traveler that does not hate doing an expense report, and who doesn't tell you that it's one of the most painful things they have to do. [Concur] is the easiest sale of any sale in the enterprise software industry.
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