Barrington Reiterates Outperform on Bottomline Technologies

Barrington Research maintains its Outperform rating on Bottomline Technologies

on key highlights of a meeting with institutional investors. Barrington says, “With the acquisition of Allegient in FY/11, EPAY has become the clear leader in legal spend management. Evidence of this includes six new business wins in Q1/12, which included two competitive takeaways and four new adopters of the technology that should add $1.5 million of annual recurring revenue. The pipeline of new business opportunities remains very robust for Legal Xchange.” EPAY closed at $22.09 per share on Tuesday.