Bottomline Technologies Announces Licensing Agreement with Oracle; Companies Strengthen Global Technology and Marketing Partnership.PORTSMOUTH, N.H. -- Bottomline Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EPAY), a leading provider of payments and invoice automation software and services, today announced the company has signed an embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed. license distribution agreement with Oracle. Under the terms of the agreement, Bottomline has broadened its relationship with Oracle to include OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and reseller opportunities. The company is embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if Oracle(R) Database 10g in current versions of its payments automation products. This licensing agreement creates new market opportunities for Bottomline to provide its industry leading products to organizations seeking to benefit from the performance, security and reliability of Oracle Database 10g and reduce their total cost of ownership. "Organizations today are actively looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. applications that can help drive productivity and profitability across their financial operations," said Doug Kennedy, vice president, Worldwide Alliances and Channels, Oracle. "As our relationship with Bottomline continues to expand, we look forward to extending the benefits of payments and invoice automation solutions built on Oracle Database 10g to our joint customers worldwide." Bottomline was upgraded to Certified Partner status in the Oracle PartnerNetwork in December 2004. This partnership allows users to extend their existing ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. investments by leveraging Bottomline's products to more effectively facilitate the capture, workflow, transaction and communication of core financial processes. Bottomline's solutions have been validated for use with Oracle Database 10g. "Bottomline is committed to helping its customers around the world to make the most of their IT investments," said Joe Mullen Joseph Mullen (born February 26, 1957 in New York, NY) is a retired American professional ice hockey player who played 17 seasons in the National Hockey League with the St. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bottomline Technologies. "We recognize the growing demand in the marketplace for Oracle's products and are pleased to be able to offer electronic payment and collection solutions that enhance the functionality and capabilities of Oracle applications." About Oracle PartnerNetwork Oracle PartnerNetwork is a global business network of 15,000 companies who deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer customers' leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle can qualify for the Oracle Certified Partner levels. http://oraclepartnernetwork.oracle.com About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY) is a leading provider of payments and invoice automation software and services. Bottomline maintains its corporate headquarters in Portsmouth, NH, and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.com, or dial (800) 243-2528 or (603) 436-0700. Bottomline Technologies and the BT logo are registered trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders. Oracle, JD Edwards See J.D. Edwards. , PeopleSoft, and Retek are registered trademarks of Oracle Corporation and/or its affiliates. Cautionary Language This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. 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 2004, Form 10Q filed May 2005 and any recently filed Form 8K's. |
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