Bottomline's Leadership in B2B EBPP Marketplace Re-Affirmed; Celent Communications Publishes Report, Ranking of Top EBPP Vendors.

Business/Technology Editors

PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 11, 2001

Bottomline Technologies(R) (NASDAQ: EPAY), the premier provider of Web-enabled billing, payment and electronic banking solutions, today announced that it has been ranked as one of the top providers of business-to-business electronic bill presentment and payment (B2B EBPP) software technology.

In a recent report published by Celent Communications, the strategy consulting and advisory firm evaluated the leading vendors of B2B EBPP solutions. Bottomline Technologies was ranked #2 among the list of global vendors profiled in the report, which included Avolent, BCE Emergis, BillingZone, Pitney Bowes and others.

"Bottomline is the veteran in the B2B EBPP vendor space," said Ariana-Michele Moore, an analyst at Celent Communications and co-author of the report. "Its NetTransact solution has been available to customers the longest and Bottomline has achieved success by establishing partner and channel relationships with major corporations and financial institutions. Bottomline is well-positioned to take advantage of this emerging marketplace, where global spending for B2B EBPP solutions by financial institutions is anticipated to reach $112 million by the year 2005."

Celent's report critiques and compares providers of B2B EBPP technology in terms of features, experience, cost and customer service, as well as other criteria. Bottomline Technologies scored high in several areas, including breadth of features, speed of deployment and veteran experience.

"We are pleased to be ranked by Celent as one of the top vendors in our industry," said Dan McGurl, chairman and CEO for Bottomline Technologies. "We continue to invest heavily in R&D and the resources to ensure that we maintain our leadership position in this marketplace, and we are delighted to be working with global players including Citibank, Fleet, UPS Capital, United Technologies and Northern Trust."

"It is rewarding to know that Bottomline is being recognized for our work and extensive experience within the B2B electronic bill presentment and payment space," commented Brian Hinton, vice president of product marketing for NetTransact, Bottomline's B2B EBPP offering. "This is an exciting market and we are proud to be a dominant player. The growth and expansion of e-commerce, leveraging the power of the Internet, offers tremendous opportunity for our company."

To obtain Celent Communications' in-depth report, "Ranking the Vendors of B2B EBPP Solutions", contact Celent at [phone] or by email at [e-mail].

About Celent Communications

Celent Communications is a strategy consulting and advisory firm dedicated to the role of e-commerce and the Internet in the financial services industry. Celent publishes reports identifying trends in electronic financial services, and conducts consulting engagement for financial institutions engaging in e-commerce. Celent's research services cover the following eight sectors of financial services: Retail eBanking, Wholesale eBanking, Retail eTrading, Institutional eTrading, Personal eInsurance, Commercial eInsurance, Mobile Financial Services and European Financial Services. Celent's headquarters are in Boston, MA and has additional offices in New York, San Francisco, and Paris.

About Bottomline Technologies

Bottomline Technologies(R) (NASDAQ: EPAY) is the leading provider of Web-enabled billing, payment and electronic banking solutions for the business-to-business market. Bottomline's three integrated e-business offerings enable corporations and financial institutions worldwide to integrate, automate, and streamline the entire financial supply chain. PayBase(R) provides a pathway from traditional paper checks to electronic payments, as well as sophisticated messaging, remittance, and anti-fraud tools. NetTransact(TM), the Company's business-to-business bill presentment and payment suite, enables enterprise billers and their trading partners to electronically present, adjudicate, and pay bills on-line. Bottomline's BankQuest(TM) is a corporate and institutional browser-based electronic banking platform that provides information reporting and transactional services for cash management, trade finance, and securities processing. Today, Bottomline's offerings are utilized by over 5,500 organizations representing every major industry sector. Founded in 1989, Bottomline maintains its corporate headquarters in Portsmouth, NH and international headquarters in Reading, England. Bottomline also has satellite offices located in most major cities. For more information, dial [phone] or [phone], or visit Bottomline on the web at www.bottomline.com.

Cautionary Language

This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding expected benefits of use of the Company's products and future growth or results. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10K filed September 2000 and Form 10Q filed May 2001.