Key Developments: Bottomline Technologies (de), Inc (EPAY.O)
27.03USD
24 May 2013
$-0.13 (-0.48%)
$27.16
$26.92
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$26.57
65,125
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$29.82
$16.96
Latest Key Developments (Source: Significant Developments)
Bottomline Technologies (de), Inc Grows Banking and Financial Services Customers
Bottomline Technologies (de), Inc announced it has added six regional banks in the U.S. to its financial services customer community. These banks chose Bottomline for digital channel solutions and online cash management services that improve their ability to compete, win and grow in the small business and commercial banking markets. In addition, two global banks have extended their commitment to Bottomline for long-term partnerships that expand existing relationships. Full Article
RBS and RBS Citizens Select Bottomline Technologies (de), Inc's Paymode-X to Expand Domestic and International Treasury Management Product Offerings
Bottomline Technologies (de), Inc , The Royal Bank of Scotland N.V. (RBS) and RBS Citizens, N.A.announced that they have formed a new partnership in the payments space, Bottomline announced with this agreement, RBS and RBS Citizens select Bottomline`s Paymode-X settlement network as a technology solution to expand the banks` treasury management offerings both domestically and around the globe. Paymode-X enables financial institutions to offer comprehensive payables solutions for their corporate customers to convert their paper-based payments to electronic payments quickly and easily. Full Article
Bottomline Technologies (de), Inc Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance-Conference Call
Bottomline Technologies (de), Inc announced that for fiscal 2013, it continue to expect to deliver $254 million of revenue and annual earnings guidance is increased to $1.15, a $0.13 increase over prior guidance. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $254 million and EPS of $1.02 for fiscal 2013. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Bottomline Technologies (de), Inc For Potential Breaches Of Fiduciary Duties By Its Board Of Directors
Faruqi & Faruqi, LLP, announced that it is investigating the Board of Directors of Bottomline Technologies (de), Inc. (Bottomline or the Company) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders approval to amend the Company's Amended and Restated Certificate of Incorporation. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 18, 2012, the Board of Directors recommends that Bottomline`s shareholders vote to approve the amendment of the Company`s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock from 50,000,000 to 100,000,000. The issuance of the additional shares could have a substantial dilutive effect on the shares of Bottomline common stock. Full Article
Bottomline Technologies (de), Inc Closes Upsized Offering
Bottomline Technologies (de), Inc announced that the underwriters of its previously announced convertible note offering have fully exercised their overallotment option. As a result, the net offering proceeds to Bottomline are estimated to be approximately $167 million after deducting the underwriting discount, other estimated offering expenses and the net cost of the previously announced hedge and warrant transactions that Bottomline entered into in connection with the offering. The offering closed on December 12, 2012. Full Article
Bottomline Technologies (de), Inc Prices Upsized Offering Of $165 Million Of Convertible Senior Notes
Bottomline Technologies (de), Inc announced the pricing of $165 million aggregate principal amount of its 1.50% Convertible Senior Notes due 2017. The Company has granted the underwriters an option to purchase up to an additional $24.75 million aggregate principal amount of notes. The sale of the notes is expected to close on December 12, 2012. The notes will mature on December 1, 2017, unless repurchased or converted in accordance with their terms prior to that date, and will bear interest at a rate of 1.50% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2013. Bottomline expects that the net proceeds of this offering will be approximately $160 million (or approximately $184 million if the underwriters` option to purchase additional notes is exercised in full), after deducting the underwriters` discounts and commissions and estimated offering expenses payable by the Company. The company expects to use approximately $14 million of the net proceeds from the offering to pay the net cost of the hedge and warrant transactions described above (or approximately $16 million if the underwriters` option to purchase additional notes is exercised in full). Bottomline intends to use the remainder of the net proceeds of the offering for general corporate purposes, which may include the acquisition of companies, businesses or assets or working capital. Full Article
Bottomline Technologies (de), Inc Announces Intention to Offer up to $150 Million of Convertible Senior Notes
Bottomline Technologies (de), Inc announced that it intends to offer up to $150 million aggregate principal amount of its convertible senior notes in an underwritten public offering. The notes will pay interest semiannually and will be convertible, under certain circumstances, into cash or a combination of cash and shares of the company`s common stock. The notes will mature on December 1, 2017, unless repurchased or converted in accordance with their terms prior to that date. In addition, the company expects to grant the underwriters an option to purchase up to an additional $22.5 million aggregate principal amount of notes. If the company`s stock price increases from its current price to an amount greater than 130% of the conversion price of the notes and under certain other circumstances or time periods, the notes would be convertible into cash or a combination of cash and shares of Bottomline common stock. Bottomline intends to use a portion of the net proceeds of the offering for general corporate purposes, which may include the acquisition of companies, businesses or assets or working capital. In addition, the company intends to use a portion of the net proceeds of the offering to fund the cost to it of the hedge transactions described above. Full Article
Bottomline Technologies Inc Raises FY 2013 Outlook; Issues Q2 2013 Revenue Above Estimates; Issues Q3 2013 Outlook Above Estimates; Issues Q4 2013 Outlook; Revenue Below Estimates-Conference Call
Bottomline Technologies (de), Inc announced that for fiscal 2013, it raising revenue guidance to $254 million, and earnings per share guidance to $1.02. The new guidance represents a $0.16 increase from the low end, and a $0.06 increase from the high end of prior earnings guidance. For the second quarter of 2013, it expect revenue of $63 million, and earnings of $0.23 per share, Growing to $64 million and $0.24 in the third quarter of 2013, and further expanding to $65 million and $0.25 in the fourth quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $251 million and EPS of $0.93 for fiscal 2013; revenue of $61 million and EPS of $0.23 for second quarter of 2013; revenue of $63 million and EPS of $0.23 for third quarter of 2013; revenue of $66 million and EPS of $0.25 for fourth quarter of 2013. Full Article
Bottomline Technologies and Lloyds Bank Wholesale Banking and Markets Announce Strategic Partnership in the UK
Bottomline Technologies announced that it has expanded its partnership with Lloyds Bank in the UK. Under a new partnership arrangement with Lloyds Bank, Bottomline will provide secure, reliable connectivity to Lloyds Bank’s infrastructure, enabling corporate customers to streamline the management of payments, improve operational efficiency and achieve high levels of straight through processing. These solutions will be available as part of Lloyds’ Host to Host Connectivity Service, which allows corporates to communicate directly from their ERP, TMS and back office systems to their banking service providers. Full Article
Bottomline Technologies Reaffirms Q1, FY 2013 EPS Guidance; Raises Q1, FY 2013 EPS Guidance-Conference Call
Bottomline Technologies raised first quarter 2013 and fiscal 2013 earnings guidance. The Company is increasing earnings guidance to $0.22 in the first quarter 2013 and an earnings range of $0.86 to $0.96 for the fiscal 2013. The Company also reconfirmed revenue guidance of $60 million for the first quarter 2013 and $250 million for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $60 million and EPS of $0.22 for first quarter of 2013; EPS of $0.93 for fiscal 2013. Full Article
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