Wednesday 21st August, 2013

Bottomline Technologies is expanding its financial messaging offering with the acquisition of Swiss-based Sterci SA and the signing of an agreement to purchase Simplex GTP Ltd.

These leading providers of financial messaging solutions utilise the SWIFT global messaging network on behalf of more than 350 customers across 20 different countries.

The two companies combined with Bottomline’s existing SWIFT Access Service financial messaging business, will create a new global center of excellence in financial messaging, providing solutions for banks, financial institutions and corporations around the world.

SWIFT has over 10,200 organisations as members with more than 400 new organisations joining each year, including an increasing percentage of corporations.

Rob Eberle, President and CEO of Bottomline Technologies, said: "These acquisitions extend our presence in Europe and further build on our core expertise in banking, payments and financial transactions, enabling us to offer our clients a broader suite of solutions to improve their operating efficiency and optimise their financial transactions."

Philip Walsh, CEO of Simplex said: "Joining Bottomline once the acquisition is completed will be a great move for Simplex. Gaining access to Bottomline’s resources and expertise in banking, payments and financial transactions will enable us to further support and grow our client base."