Welcome to our dedicated page for EPAY news (Ticker: EPAY), a resource for investors and traders seeking the latest updates and insights on EPAY stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect EPAY's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of EPAY's position in the market.
Bottomline Technologies has completed its acquisition by Thoma Bravo for approximately $2.6 billion. This all-cash transaction was approved by shareholders on March 8, 2022. Following the acquisition, Craig Saks has been appointed as the new CEO, succeeding Rob Eberle, who will remain in a strategic advisory role. The acquisition aims to enhance Bottomline’s capabilities to innovate and grow in the B2B payments sector. Shareholders received $57.00 per share, reflecting a premium of about 41% to the stock's 30-day average price prior to the announcement.
Bottomline (NASDAQ: EPAY) announces that NatWest Group has adopted its Confirmation of Payee (CoP) solution to combat Authorised Push Payment fraud in the UK. This partnership aims to enhance protection against fraud as incidents rise in the financial sector, particularly following the recent increase in FPS transaction limits from £250,000 to £1 million. The CoP service allows customers to verify account holder names before payments, promoting safer transactions and restoring trust in the payment industry.
Bottomline (NASDAQ:EPAY) announced that Hargreaves Lansdown, the UK's leading investment platform, has chosen Bottomline PTX to enhance its 'cloud-first' payments strategy. This decision aligns with Hargreaves Lansdown's digital transformation efforts and aims to provide a fully integrated, regulation-compliant platform. The PTX solution will facilitate secure fund management for clients, further enabling Hargreaves Lansdown to evolve with emerging payment initiatives, including Open Banking. The CTO emphasized the importance of a trusted payment provider in this transformation.
Bottomline (NASDAQ: EPAY) has announced a partnership with ENTRIS BANKING AG, enhancing payment experiences for over 40 Swiss banks. The SaaS-based payment connectivity platform will facilitate both domestic and international payments, improving the onboarding process and back-office operations for ENTRIS BANKING.
CEO Juerg Gutzwiller emphasized that Bottomline’s technology is a significant step towards adapting to the evolving payments landscape in Switzerland, particularly with the impending introduction of instant payments.
Bottomline Technologies (Nasdaq: EPAY) has announced a definitive agreement for its acquisition by Thoma Bravo in an all-cash deal valued at approximately $2.6 billion. Shareholders will receive $57.00 per share, reflecting a 42% premium over the stock's closing price before the announcement. The transaction, expected to close in the second quarter of 2022, aims to enhance Bottomline's capacity for growth and innovation in the B2B payments sector. This acquisition allows Bottomline to benefit from Thoma Bravo's resources and expertise, positioning it for future expansion.
Bottomline Technologies (Nasdaq: EPAY) reported strong financial results for Q1 FY2022, with subscription revenue reaching $103.5 million, marking a 15% increase year-over-year. Total revenues grew by 10% to $123.6 million. Despite a GAAP net loss of $(4.9) million, adjusted EBITDA stood at $23.1 million, accounting for 19% of overall revenue. The company aims for 15-20% sustainable growth in subscription revenue. Recent strategic moves include the acquisition of Bora Payment Systems to enhance the Paymode-X network.
Bottomline (NASDAQ: EPAY) announced the acquisition of Bora Payments Systems for $15 million, enhancing the Paymode-X network with straight through processing (STP) capabilities for virtual card payments.
This strategic move aims to streamline payment processes, enabling vendors to receive payments directly to their bank accounts, thereby reducing costs and improving efficiency. The acquisition is not expected to materially impact Bottomline's financial guidance, emphasizing its focus on optimizing payment solutions for businesses.
Bottomline (NASDAQ:EPAY) will announce its first quarter fiscal year 2022 financial results on November 9, 2021, after market close. Following the announcement, management will host a conference call at 5:00 p.m. ET to discuss performance details. Investors can participate via a live call or through a webcast available on their investor relations website. A replay will be accessible from November 9, 2021, through November 15, 2021. Bottomline specializes in simplifying business payments and offers various solutions for companies globally.
Bottomline Technologies (Nasdaq: EPAY) announced the appointment of three new directors, effective November 8, 2021, in collaboration with shareholders Clearfield Capital Management and Sachem Head Capital Management. Philip Hilal, Larry Klane, and Michael Curran will enhance the board's expertise in financial technology. A new Strategy Committee has also been formed to evaluate market strategies and accelerate subscription revenue growth. The company aims for sustainable growth in the expanding B2B payments market, emphasizing shareholder value and operational excellence.
FAQ
What is the market cap of EPAY (EPAY)?
