Bottomline to Acquire Albany Software
Bottomline Technologies (NASDAQ: EPAY), a leading provider of
cloud-based payment, invoice and banking solutions, today announced that
it has gained regulatory clearance to acquire Albany Software Ltd.
Formed in 1989, Albany is one of the UK's leading BACS solution
providers. Albany's solutions are used by more than 5,000 businesses to
streamline, automate and manage processes involving the collection of
direct debits and electronic payments.
“We are delighted that we have been cleared to proceed with this
acquisition,” commented Nigel Savory, Managing Director of Bottomline.
“The combination of our businesses represents an opportunity to realise
operating synergies and accelerate our cloud innovations for businesses
of all sizes. We are excited to welcome Albany clients to Bottomline and