23 January 2018
visit http://response.ncr.com

Bottomline buys Rationalwave Analytics

31 January 2014  |  1922 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 www.niceactimize.comvisit www.fivedegrees.nlvisit www.capgemini.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9521 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9281 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
9026 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8386 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6972 views comments | 13 tweets | 25 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job