Bottomline Technologies (NASDAQ: EPAY) said it will acquire Andera, a provider of innovative customer acquisition solutions.
Andera has helped its over 500 bank and credit union customers process more than 4.5m new account applications online. Andera´s oFlows platform was named “Best of Show” at Finovate four times and Bank Technology News recently named Andera one of the “Top 10 Tech Companies to Watch.”
The acquisition, representing approximately USD44.5m in cash and 102,000 shares of Bottomline stock, will be accretive to fiscal 2015 core net income.
Bottomline Technologies provides cloud-based payment, invoice and digital banking solutions to corporations, financial institutions and banks around the world. For more information, visit www.bottomline.com.
Andera is a software as a service company that simplifies account opening and lending for banks and credit unions with its award-winning oFlows platform.