Bottomline acquires Allegient Systems

Payment, invoice and document automation
systems provider Bottomline Technologies has agreed to acquire
Allegient Systems, a legal e-billing, bill review and analytics
provider for $48 million.

Bottomline expects the Allegiant portfolio to
strengthen and complement its own Legal eXchange product suite,
creating combined customer base of “well over 100 leading
insurers”.

“This is a natural fit, and we believe the
combination of Allegient’s offerings and strong domain expertise in
insurance, together with Bottomline’s existing capabilities, will
allow us to provide the most compelling offering in the industry to
our combined customers,” said Rob Eberle, president and CEO of
Bottomline Technologies.

“The Allegient team is excited to join
Bottomline,” said John Kelly, CEO of Allegient Systems. “We believe
this combination of complementary offerings will create exciting
new opportunities for our customers and accelerate our delivery of
innovative solutions.”