UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 29, 2014
Bottomline Technologies (de), Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware | 000-25259 | 02-0433294 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
325 Corporate Drive, Portsmouth, New Hampshire |
03801 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code: (603) 436-0700
Not Applicable.
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. | Other Events |
On January 30, 2014, Bottomline Technologies (de), Inc. issued a press release announcing its acquisition of Rationalwave Analytics, Inc. a Delaware corporation.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BOTTOMLINE TECHNOLOGIES (de), INC. | ||||||
January 30, 2014 | By: | /s/ Eric K. Morgan | ||||
Eric K. Morgan | ||||||
Senior Vice President, Global Controller |
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Press Release dated January 30, 2014. |
Exhibit 99.1
Bottomline Technologies Acquires Rationalwave Analytics
Acquisition Adds Predictive Analytics Capabilities to Bottomlines Technology Portfolio
PORTSMOUTH, N.H. Jan. 30, 2014 Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking announced today the acquisition of Rationalwave Analytics, an early stage predictive analytics company.
Bottomlines data-rich applications provide a compelling opportunity to utilize predictive analytics. The company plans to leverage Rationalwaves 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 Bottomlines financial results.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The companys solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
Cautionary Language
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words believes, plans, anticipates, expects, look forward, confident, estimates and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2013 and any subsequently filed Form 10-Qs and Form 8-Ks or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
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