H.I.G. Growth Partners News
Contact:Heather Dignan Bridges
Leading Insurance Companies Choose Bottomline Technologies' Legal Spend Management Solution
Organizations Take Control of Litigation Costs with Legal eXchange™
PORTSMOUTH, N.H. - March 29, 2011 - Bottomline Technologies (NASDAQ: EPAY), today announced seven leading insurers, including one of the nation’s largest, have recently selected Legal eXchange™, its industry-leading legal spend management solution to more effectively manage outside legal spend.
“Insurers want to better understand what’s driving their claims litigation expense. Legal eXchange provides the capability needed to manage and control ever increasing legal spend,” said Tom Gaillard, senior vice president and general manager at Bottomline Technologies. “We welcome our new customers to Bottomline and we are dedicated to their success. Their selection of Bottomline reinforces our leading capabilities in this strategic market.”
Supported by a network of more than 9,500 law firms, Legal eXchange helps many of the nation’s leading property and casualty insurers to bill, budget and report on their outside legal counsel via the Web. Infinitely customizable, Legal eXchange complements customers’ existing claims and payment systems, and includes powerful reporting tools that provide insurance claims departments insight into real-time claims and billing data, increasing control over legal spend and improving litigation management processes. The result is greater efficiency, faster decision-making and more successful case outcomes.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust these solutions 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, Legal eXchange 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.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are 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' financial results, refer to the Company's Form 10-K for the fiscal year ended June 30, 2010 and any subsequently filed Form 10-Qs, 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.