Analysts: Concur Technologies Inc. Deal Could Set Off Merger 'Wave'

Concur Technologies Inc.'s (NASDAQ: CNQR) agreement to be acquired for $7.36 billion by SAP SE (NYSE: SAP) could drive the share value of competitors, a number of analysts said Friday.The deal could touch off “another consolidation wave" among subscription software providers, according to Oppenheimer's Brian Schwartz.Germany-based SAP agreed Thursday to pay $129 a share for Concur, a 20 percent premium on Bellvue, Wash., Concur's Sept. 17 closing price. The deal is expected to close by early 2015.Analysts Friday promptly produced their respective laundry lists of merger candidates in the sector.Evercore's Kirk Materne speculative list included Ultimate Software Group Inc. (NASDAQ: ULTI), which gained 0.5 percent Friday afternoon, Cornerstone OnDemand Inc. (NASDAQ: CSOD), down more than 1 percent and Demandware Inc.(NYSE: DWRE) up 0.2 percent.Additional companies that could be subject to related takeover speculation according to Credit Suisse's Michael Nemeroff: Textura Corp(NYSE: TXTR) down 1 percent Friday, Callidus Software Inc.(NASDAQ: CALD) unchanged, and Synchronoss Technologies, Inc.(NASDAQ: SNCR), down 2 percent.Besides SAP, potential buyers in the supposedly pending wave of mergers according to Oppenheimer's Schwartz may include Oracle Corp. (NYSE: ORCL)International Business Machines Co. (NYSE: IBM) and Microsoft Corp. (NASDAQ: MSFT)