Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that it was selected for the “Greatest Global Success” and “Vendor to Watch” awards by Aite Group in its 2012 Cash Management Vendor Analysis. Aite Group is an independent research and advisory firm focused on the financial services industry.
Aite Group selected Bottomline for the “Greatest Global Success” award based upon Bottomline’s numerous deployments of WebSeries ®, Bottomline’s industry-leading cash management solution for advanced payment and reporting, outside the United States, making it the most global of the U.S. cash management vendors surveyed for the report. The report notes that Bottomline offers strong global capabilities and knowledge and has a number of financial institution customers that have extended their usage of the WebSeries platform around the globe.
Bottomline was also chosen by Aite as a “Vendor to Watch” for 2013 due to its acquisition of the commercial banking business of Intuit, Inc., which positions the company as a provider of cash management solutions for financial institutions of all sizes.
“Cash management and the technologies that support it continue to be a high area of focus for financial institutions,” says Christine Barry, research director at Aite Group. “New corporate customer demands and expectations are also driving new deployments and technological enhancements. With its global reach and its focus on serving as a partner to a wide range of financial institutions, Bottomline is a “Vendor to Watch” in the coming months.”“We are very pleased to receive this recognition by Aite Group,” said Norm DeLuca, Managing Director of Global Banking and Financial Services at Bottomline. “This selection demonstrates that we are executing on our goal of providing innovative, feature-rich solutions to customers of all sizes, from small community banks to large global financial institutions.” About Bottomline TechnologiesBottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com. Bottomline Technologies, WebSeries and the BT logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders. Cautionary Language This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words “will”, “believes,” “plans,” “anticipates,” “expects,” “look forward”, “estimates” and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including but not limited to competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of these and other factors that could impact Bottomline Technologies' financial results, refer to the company's Form 10-K for the fiscal year ended June 30, 2012 and any subsequently filed Form 10-Q’s and Form 8-K’s or amendments thereto. Any forward-looking statements represent Bottomline’s views only as of today and should not be relied upon as representing its views as of any subsequent date. Bottomline does not assume any obligation to update any forward-looking statements.
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