Bottomline Technologies Recognized as a Top 100 FinTech Company
PORTSMOUTH, N.H. - September 15, 2015 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions, today announced it has been named a top 100 global provider of financial technology on the 2015 IDC Financial Insights FinTech Rankings. The most comprehensive vendor ranking within the financial services industry, the annual IDC FI FinTech Rankings is based on 2014 calendar year revenues attributed to financial institutions.
“The IDC Financial Insights FinTech Rankings are a global measure of success in the financial services technology industry, and we congratulate this year’s Top 100 FinTech companies and the Top 25 Enterprise companies on their prominent positioning," said Karen Massey, Senior Analyst for IDC Financial Insights. "These companies have demonstrated commitment and success in supplying innovative and efficient technology to our industry."
Now in its 12th year, the IDC FI FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar-year revenues from financial institutions for hardware, software, and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
“Bottomline is committed to helping financial institutions acquire and deepen customer relationships and organic revenues by accelerating innovation,” said Rob Eberle, CEO of Bottomline Technologies. “We are delighted to be recognized as one of the leading FinTech companies in the world and this achievement underscores our commitment to our customers.”
In addition to commercial online banking and payments capabilities, Bottomline has recently added both customer acquisition and cyber fraud and risk management capabilities to its suite of services for banks. Bottomline posted revenues of over $330 million in its most recent fiscal year; the largest portion came from financial services-related business.
The annual IDC FI FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FI FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in third-party solutions. IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download HERE.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email firstname.lastname@example.org, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) powers mission-critical business transactions. We help our customers optimize financially-oriented operations and build deeper customer and partner relationships by providing a trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. Over 10,000 corporations, financial institutions, and banks benefit from Bottomline solutions. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes”, “plans”, “anticipates”, “expects”, “look forward”, “confident”, “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, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2014 and any subsequently filed Form 10-Q’s and Form 8-K’s or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
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