American Banker and Financial Insights Name Bottomline Technologies as a Top 100 Global Technology Provider
PORTSMOUTH – November 08, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that American Banker and research advisory firm Financial Insights, an IDC company, have named the company to the FinTech 100, the annual ranking of the top global technology providers serving the banking and financial services industry.
“Through the combination of our product functionality and in-market experience, we’re able to deliver solutions to organizations across the financial services industry that help support growth in emerging global markets, create new levels of operational efficiency and strengthen client relationships,” said Craig Jones, Vice President and General Manager of Bottomline Technologies. “To be named to the FinTech 100 for the second straight year is confirmation that demand for our product offering is increasing around the world, and of our ability to deliver value to leading banks, financial services and insurance firms.”
Across the financial services industry, Bottomline’s solutions are used by 15 of the top 25 global banks, a growing number of the nation’s top property and casualty insurers, and other leading financial institutions, such as Franklin Templeton, Raymond James, Capmark, ACUITY and Commerce Insurance.
Compiled by American Banker and Financial Insights, the FinTech 100 categorizes and evaluates the top global hardware, software and service providers to the financial services industry based on calendar year revenues and the percentage of revenue attributed to financial services.
About Bottomline Technologies
Bottomline 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 and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. 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.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are 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' financial results, refer to the Company's Form 10-K filed September 2007 and any recently filed Form 8K's. 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.