| FOR IMMEDIATE RELEASE |
11th August 2009 |
Bottomline Wins Third Consecutive Top Technology Provider Award
Breadth of In-market Expertise; Ability to Help Insurers Develop and Enhance Client Offerings Identify Bottomline as Preferred Vendor
PORTSMOUTH, N.H. – August 11, 2009 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced its inclusion in the 2009 Insurer’s Choice, an annual ranking
of technology providers contributing the most value toward meeting strategic insurance company objectives.
Bottomline was identified by Insurer’s Choice survey respondents for demonstrating extensive expertise on the intersection of technology and strategic business objectives, and as a preferred vendor for helping develop and enhance insurance products and services. Compiled by research firm Financial Insights, an IDC company, and Tech Decisions magazine, the 2009 Insurer’s Choice was based on the input of approximately 750 insurance professionals. This is the third year in a row in which Bottomline has won this award, a strong indicator of the company’s leadership in this industry.
“Through the breadth of our product portfolio and in-market expertise, we’ve established a reputation as a technology partner capable of helping our insurance customers achieve their strategic goals and grow their businesses,” said Rob Eberle, President and CEO of Bottomline Technologies. “We are delighted to have been recognized again, and more importantly, to continue to be seen as a leading and valuable technology provider by our many insurance customers.”
Around the world, insurers have chosen Bottomline solutions such as WebSeries® to streamline claims payment processes and reduce exposure to fraud, and Legal eXchange™ to work more collaboratively with outside counsel and proactively manage litigation costs and matter outcomes. Among the company’s insurance customers are Commerce Insurance, MetLife, PMA Insurance Group and Shelter Insurance.
Calculate the Environmental Savings:
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/gogreen.
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 involving payments, global cash management, transactional documents and invoice approval. 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, Legal eXchange 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. 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 2008, Form 10-Q filed May 2009 and any recently filed Form 8-Ks. 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.
Company Contact:
Billy Balfour
Bottomline Technologies
603-501-5219
bbalfour@bottomline.com
