26 November 2015

Bottomline buys Rationalwave Analytics

31 January 2014  |  1516 views  |  0 Source: Bottomline Technologies

Bottomline Technologies (EPAY), a leading provider of cloud-based payment, invoice and banking announced today the acquisition of Rationalwave Analytics, an early stage predictive analytics company.

Bottomline's data-rich applications provide a compelling opportunity to utilize predictive analytics. The company plans to leverage Rationalwave's technology and expertise to extend the innovation Bottomline offers its customers and the competitive advantage it enjoys in the market.

"Predictive analytics will bring new levels of capability to our product set and significant business value to our customers," said Rob Eberle, President and CEO of Bottomline Technologies. "We are delighted to welcome Rationalwave Analytics' talented employees to Bottomline. Their wealth of experience and knowledge of the space will help drive the continued success of our business."

Rationalwave Analytics is a pre-revenue company. The purchase price for the acquisition was $8 million, consisting of $1.2 million in cash and approximately 206,000 shares of Bottomline common stock. Approximately 45% of the stock was issued to key employees joining Bottomline and is subject to a four year vesting schedule. The transaction will have no material impact on Bottomline's financial results. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news


Who is commenting?

Top topics

Most viewed Most shared
MIT to run fintech degree course
9110 views comments | 36 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8085 views comments | 17 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
7988 views comments | 28 tweets | 30 linkedin
Apple Pay users given a free ride in Londo...
7875 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
6987 views comments | 33 tweets | 40 linkedin

Featured job

to USD $130K base, double OTE
New York City, NY

Find your next job