26 July 2016
Find out more

Bottomline buys Rationalwave Analytics

31 January 2014  |  1636 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9107 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
9087 views comments | 9 tweets | 4 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8738 views 3 | 21 tweets | 7 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7509 views comments | 17 tweets | 25 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5847 views comments | 29 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job