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PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced the expansion of its healthcare technology suite with anagreement to acquire substantially all of the assets of Logical Progression, an early stage company focused on the development of mobile document automation solutions for the healthcare industry. Logical Ink, the companyas first innovative technology, will be offered as part of Bottomlineas growing healthcare solutions portfolio.

"Across our product set we are focused on developing intuitive, user friendly applications, and this acquisition advances that effort with both technology and talent."

aThe team at Logical Progression has developed a truly innovative platform and we are excited to make their technology available to the market and our customers,a said Pete Heydt, Director of Healthcare Sales at Bottomline Technologies. aAcross our product set we are focused on developing intuitive, user friendly applications, and this acquisition advances that effort with both technology and talent.a

Bottomline also announced today its acquisition of IDT Ltd., a longtime partner and reseller of Bottomlineas document automation solutions in the United Kingdom and Europe. The acquisition extends Bottomlineas market reach and adds more than 140 customers to Bottomlineas customer base.

Bottomline expects the acquisitions to contribute approximately $100,000, $200,000 and $400,000 of revenue and be dilutive by approximately $0.01, $0.02 and $0.01 in the second, third and fourth quarters, respectively. The transactions are projected to be accretive to core net income in fiscal 2013 and beyond. In connection with the acquisitions, Bottomline granted 60,000 shares of restricted common stock to four employees who have joined Bottomline. These stock awards vest over four years and are considered inducement grants under Nasdaq Stock Market rules.

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 companyas 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, Logical Ink 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.

Cautionary Language

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected impact of the Logical Ink and IDT acquisitions on our future financial results. 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, 2011 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.