The addition of DDL extends Bottomline’s global payments capabilities.
The acquisition of DDL expands Bottomline’s transaction banking portfolio and allows banks to offer white-labeled receivables management solutions to their corporate customers.
This transaction expands Bottomline’s relationships with major banks, including HSBC and RBS, and corporations such as The Associated Press, Cadbury Schweppes, L’Oreal and Manchester United.
In addition, today Bottomline also announced it has purchased the principal assets of Business Information Technology Group (BITG).As part of the transaction, six employees from BITG will join Bottomline.
Bottomline Technologies president and CEO Rob Eberle said the addition of Direct Debit’s solutions is an important and valuable extension of our suite of global payments, invoicing and transaction banking solutions, offering corporations and financial institutions powerful technology that is flexible and easy to use.
Direct Debit Limited managing director Gerry Hill said Bottomline will continue to focus on the success of the customers and trading partners, and deliver further value with an enhanced portfolio of payment, receivables and transaction banking solutions.
