News Release

Concur Technologies’ CFO Frank Pelzer joins Limeade board of directors

Limeade, a technology company that helps Fortune 1000 companies build high-performing workforces today announced that Frank Pelzer, Chief Financial Officer of Concur Technologies, has been appointed to its Board of Directors.

Pelzer joined travel and expense management company Concur in May 2010 and has helped the company achieve record revenues while delivering world-class innovation to more than 20 million users. Most recently Pelzer helped the company complete an $8.3 billion acquisition by multinational software corporation SAP. Pelzer brings significant human resources SaaS experience to Limeade. Pelzer serves on the board of BenefitFocus, which raised $70.6 million from its IPO in September 2013, and has helped a number of SaaS companies, including Concur, Omniture, Taleo and SuccessFactors raise public capital as a banker with Deutsche Bank and Credit Suisse First Boston.

Pelzer commented, “I believe in the mission, values and leadership of this company. Limeade is a market leader in engaging employees in health, well-being and performance – and they put customers first. The rest of the board and I believe this is an IPO-caliber company, and I am eager to serve.”

Before his tenure at Concur, Pelzer served as a Director and Vice President in the Software Investment Banking group at Deutsche Bank from 2004 through 2010. Prior to that, Pelzer was Vice President with Credit Suisse First Boston and a management consultant with Kurt Salmon Associates. Pelzer graduated with an MBA as an Edward Tuck Scholar with Distinction from the Tuck School of Business at Dartmouth and holds a BA from Dartmouth College. He currently serves on the board of directors for BenefitFocus, a leading provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers.

“Mr. Pelzer has guided some of the premier companies in the HR SaaS space to IPO and beyond, and brings immeasurable expertise in governance, finance and mergers and acquisitions,” said Henry Albrecht, Limeade CEO. “With our rapid growth and recent $25 million investment, we are forging a similar path. We welcome Mr. Pelzer and look forward to his leadership as we continue to improve the health, well-being and performance of enterprise workforces.”

About Limeade

Limeade is a technology company that delivers an employee engagement platform to Fortune 1000 companies. We inspire people and companies to improve their health, well-being and performance, bring company culture to life and deliver the fresh insights and innovations critical to business success. Headquartered in Bellevue, Wash., Limeade serves over 100 employers and top global brands. Learn more, LinkedIn, Twitter and Facebook.