Bottomline Technologies Acquires SMA Financial

Bottomline Technologies

today announced the acquisition of SMA Financial, a London-based provider of Software as a Service (SaaS) connectivity to SWIFT for the automation of payments and financial messaging. 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, solely due to the impact of the accounting treatment of acquired deferred revenue. The transaction is projected to be accretive to core net income in fiscal 2012 and beyond.