M&A Deal Summary

Bottomline Acquires Andera

On May 7, 2014, Bottomline acquired software company Andera for 45M USD

Acquisition Highlights
  • This is Bottomline’s 9th transaction in the Software sector.
  • This is Bottomline’s 4th largest (disclosed) transaction.
  • This is Bottomline’s 4th transaction in the United States.
  • This is Bottomline’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2014-05-07
Target Andera
Sector Software
Buyer(s) Bottomline
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

Andera

Providence, Rhode Island, United States
Andera, Inc., is a Software as a Service company that simplifies account opening and lending for banks and credit unions with its award-winning oFlows platform. The company has opened millions of accounts for hundreds of banks and credit unions across the nation.

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Buyer(S) 1

Buyer

Bottomline

Portsmouth, New Hampshire, United States
Category Company
Founded 1989
Sector Internet Software and Services
Revenue 471M USD (2021)
DESCRIPTION

Bottomline makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and fraud detection, behavioral analytics, and regulatory compliance solutions. Bottomline was founded in 1989 and is based in Portsmouth, New Hampshire.

DEAL STATS #
Overall 10 of 14
Sector (Software) 9 of 11
Type (Add-on Acquisition) 10 of 14
State (Rhode Island) 1 of 1
Country (United States) 4 of 7
Year (2014) 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-30 Rationalwave

Brooklyn, New York, United States

Rationalwave, Inc., an early stage predictive analytics tools company.

Buy $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 IntellinX

Or Yehuda, Israel

IntellinX Ltd., a cyber fraud detection and prevention capabilities to deliver the next line of defense against cyber attacks.

Buy $667M
Mergr

Product

Company

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