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  5. Bottomline Acquires Optio Software

M&A Deal Summary

Bottomline Acquires Optio Software

On March 3, 2008, Bottomline acquired software company Optio Software for 45M USD

Acquisition Highlights
  • This is Bottomline’s 2nd transaction in the Software sector.
  • This is Bottomline’s 3rd largest (disclosed) transaction.
  • This is Bottomline’s 1st transaction in the United States.
  • This is Bottomline’s 1st transaction in Georgia.

M&A Deal Summary
Date 2008-03-03
Target Optio Software
Sector Software
Buyer(s) Bottomline
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) Healthcare Growth Partners
Needham & Company (Financial)

Target

Optio Software

Alpharetta, Georgia, United States
Optio Software, Inc. provides software solutions dedicated to automating, managing and controlling the entire lifecycle of document-intensive processes, while extending the value of their Enterprise Resource Planning (ERP) and Hospital Information Systems.

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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 2 of 14
Sector: Software M&A 2 of 11
Type: Add-on Acquisition M&A Deals 2 of 14
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2008 M&A 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-17 FormScape Group

United Kingdom

FormScape Group Ltd., is a provider of solutions for automating document and financial transaction processes. Its complementary offerings include document process automation platforms featuring sophisticated integration capabilities with industry ERP systems such as SAP, Oracle and JD Edwards. These platforms allow users to manage inbound and outbound transactional documents, such as invoices and purchase orders, across multiple business processes.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 SMA Financial

London, United Kingdom

SMA Financial Ltd., is a provider of software-as-a-service (SaaS) connectivity to SWIFT for the automation of payments and financial messaging network.

Buy -
Mergr

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