Davis Polk & Wardwell LLP advised Goldman, Sachs & Co. and Deutsche Bank Securities, Inc. as the joint book-running managers and representatives of the initial purchasers on a Rule 144A offering by Concur Technologies, Inc. of $287.5 million aggregate principal amount of 2.5% convertible senior notes due 2015. In addition, Davis Polk advised Goldman, Sachs & Co., Deutsche Bank Securities, Inc. and Credit Suisse Securities (USA) LLC as counterparties to call-spread transactions with Concur Technologies, Inc. in connection with the convertible senior notes offering.

Based in Redmond, Washington, Concur Technologies, Inc. is a global leading provider of on-demand Employee Spend Management solutions that help small, mid-size and large organizations increase efficiency, manage employee spend and control operational costs.

The Davis Polk corporate team included partners Alan F. Denenberg and James T. Rothwell of the New York office and associates Jeffrey Gould, Caroline J. Perry, Zhimin Lin, Jonathan Armstrong of the New York office and Hildegard van Zyl of the New York office. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa provided tax advice. Karla K. Rogers was the legal assistant on the transaction. Except as noted above, all members of the Davis Polk team are based in the Menlo Park office.