Bottomline Technologies Strengthens Global Capabilities With New Banking Sales and Support Team in Melbourne, AustraliaExpanded Regional Office Positions Bottomline to Better Serve Its Customers and Opportunities in Asia-Pacific PORTSMOUTH, NH and SYDNEY, AUSTRALIA – October 09, 2006 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of payments and invoice automation software and services, today at Sibos 2006 announced that it will be expanding its existing office in Melbourne, Australia with a new sales and support team dedicated to serving banking and financial services customers and prospects in the Asia-Pacific region. The company has maintained an office in Melbourne since 2003 serving corporate customers using Bottomline's payment and document process automation solutions. "This expansion enables us to build globally on the solid reputation and banking and financial services customer base Bottomline has established in North America," said Rob Eberle, President and CEO-Elect of Bottomline Technologies. "Demand for and adoption of Bottomline's expanded corporate electronic banking platform is growing across several geographic markets, particularly in the Asia-Pacific region. By broadening our global capabilities with a dedicated and experienced team focused on the unique needs of global banks and financial institutions, Bottomline will be better positioned to attract and serve customers in the region." Vinay Prabhakar, Strategic Project Executive at Bottomline, has been named regional manager for Bottomline's Asia-Pacific banking team. Mr. Prabhakar has been with the company for nearly 10 years and possesses extensive experience in working closely with large banks and financial institutions to deploy treasury and cash management solutions. Based on patented technology, Bottomline's WebSeries® Enterprise Payments Platform allows banks and financial institutions to deploy value-added, Web-based cash management products and services to their corporate clients. The platform's combination of sophisticated workflow capabilities for Straight-Through Processing (STP) and multi-bank, multi-currency data integration allow organizations to leverage a single interface for the origination and processing of all types of inbound and outbound domestic and international payments. About Bottomline TechnologiesBottomline Technologies (NASDAQ: EPAY) provides collaborative payment, invoice and document automation 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 these solutions 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 registered trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders. Cautionary Language Billy Balfour Bottomline Technologies 603-501-5219 bbalfour@bottomline.com |