Concur Invests $2M in Evature

Concur CNQR today announced that it has made a $2 million investment in Evature, the developer of the Expert Virtual Agent (EVA) which provides natural-language search capabilities for online travel. This investment is part of the Concur Perfect Trip™ Fund, $150 million in capital allocated specifically to invest in and nurture emerging companies in the T&E Cloud. Through this initiative, Concur continues to identify and partner with promising companies that will participate in the Concur T&E Cloud, driving continued innovation to fuel Concur's vision of The Perfect Trip. EVA, the winner of PhoCusWright's 2011 Travel Innovation Summit DEMO Award for the most game-changing travel innovation, is a revolutionary B2B service based on natural-language processing algorithms that are specifically designed for travel, enabling travel companies to offer their customers the ability to more easily search for travel. "Concur's vision for The Perfect Trip is built on creating a travel ecosystem that dynamically responds to the needs of business travelers, the companies that they work for and the suppliers See full press release