20 February 2018
visit www.ebaday.com

Bottomline Technologies acquires SMA Financial

27 October 2010  |  11333 views  |  0 handshake

Bottomline Technologies has acquired London-based Swift Service Bureau provider. SMA Financial, for an undisclosed sum.

The acquisition combines a Swift Regional Partner for the UK, Ireland and the Channel Islands, with Bottomline's treasury and cash management technology.

Bottomline president and CEO Rob Eberle says the combined offering will focus on providing SaaS-based Swift connectivity under the banner of Swift Access Service with integrated treasury and cash management technology for the corporate banking market.

"Swift Access Service is a natural extension of our suite of cloud-based offerings designed to assist corporations and financial institutions streamline their payments processes and realise the associated cost-savings and efficiency benefits," he says.

SMA currently claims more than 100 active customers of its Swift Service Bureau from both the corporate and financial sphere, including National Grid, Vodafone and Standard Life.

Bottomline expects the acquisition to contribute less than $1 million of revenue per quarter in fiscal 2011 and be dilutive by approximately 4¢, 3¢ and 2¢ in the second, third and fourth quarters respectively, principally due to the accounting treatment of acquired deferred revenue. The transaction is projected to be accretive to core net income in fiscal 2012 and beyond.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of America Merrill Lynch to launch corporate Swift service bureau

Bank of America Merrill Lynch to launch corporate Swift service bureau

26 October 2010  |  13125 views  |  0 comments
Sterci to take 25% equity stake in Simplex

Sterci to take 25% equity stake in Simplex

23 November 2009  |  10899 views  |  0 comments
Bank of America sells B2B e-payment and invoice business to Bottomline

Bank of America sells B2B e-payment and invoice business to Bottomline

06 August 2009  |  7354 views  |  0 comments
Fundtech acquires UK Swift services outfit Synergy

Fundtech acquires UK Swift services outfit Synergy

08 October 2008  |  7786 views  |  0 comments
RBS launches Swift service bureau for corporates

RBS launches Swift service bureau for corporates

10 September 2008  |  10241 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.swift.com/your-needs/instant-paymentsVisit http://info.nice.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11671 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9282 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9118 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7765 views comments | 13 tweets | 11 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7190 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job