Amex to buy expense manager Center to bolster offerings [Yahoo! Finance]
SAP SE ADS (SAP)
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Source: Yahoo! Finance
Dive Brief: American Express has agreed to purchase Center, a maker of expense-management software, to expand its offerings across commercial card payments and automated accounting, the card network said in a Thursday press release, creating what the bank called a “seamless expense management platform.” The deal is expected to close in the second quarter, AmEx said. Terms of the sale weren't disclosed and Center's 160 full-time employees will join American Express, an AmEx spokeswoman said Monday in an email Center , which is based in Bellevue, Washington, was founded in 2017 by Naveen Singh and his father Steve, the co-founder of travel management company Concur Technologies. Software giant SAP acquired Concur for more
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