Bottomline Technologies and CODA Form Strategic Partnership; Alliance Expands Both Firms' Market Reach.Business/Technology Editors READING, England--(BUSINESS WIRE)--Sept. 5, 2002 Bottomline Technologies(R) (Nasdaq: EPAY), a leading global technology provider of Financial Resource Management (FRM FRM From FRM Form FRM Fixed-Rate Mortgage FRM Financial Risk Manager (GARP) FRM Fondation pour la Recherche Médicale FRM Financial Resource Management FRM Final Rulemaking FRM Fiber-Reinforced Metal FRM Federal Reference Methods ) software, today announced the signing of CODA (1) A distributed file system developed at Carnegie Mellon University in the late 1980s. Evolving from the Andrews File System, Coda is noted for its ability to withstand network failures. See AFS. (2) A software company based in the U.K. as a referral partner. "This partnership reflects Bottomline's commitment to developing its relationships with industry leaders," said Bottomline Technologies Europe President Peter Fortune. "CODA is a leading supplier of specialist financial analytic and accounting solutions and we are pleased to be working alongside them. The value of this partnership will extend to our customers who will benefit from the combined offering's functionality. This agreement formalizes a relationship that has proved successful in the past. Bottomline Technologies has worked with CODA users for five years, most recently with Waterstone's." Waterstone's chose Bottomline's i-Pay solution to integrate with their CODA-Financials system in order to migrate 100,000 annual supplier checks to electronic payments. This integrated platform will allow Waterstone's to e-mail and fax 6,000 statements monthly. "CODA seeks to provide maximum efficiency to its customers' financial processes," said CODA 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. Graham Steinsberg. "That often means partnering to provide specialist solutions around the CODA-Financials engine, and this agreement is just such an example. We already have joint customers with Bottomline and are happy to recommend that others evaluate it where appropriate." About Bottomline Technologies Europe Ltd. Bottomline Technologies Europe Ltd is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Bottomline Technologies Inc, a NASDAQ quoted company (ref. EPAY). Bottomline Technologies(R) is a leading global technology provider of Financial Resource Management (FRM(TM)) software. Bottomline's comprehensive suite of FRM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. FRM applications include Electronic Payments and Collections, Enterprise-wide Financial e-Document Management, Electronic Invoice Presentment and Payment (EIPP EIPP Electronic Invoice Payment and Presentment EIPP Electronic Invoice Presentment and Payment ) and On-line Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Founded in 1989, Bottomline maintains its corporate headquarters in Portsmouth, N.H. and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.co.uk. About CODA Financials CODA provides strategic financial intelligence through a range of products and services, built around its core global accounting system, CODA-Financials. Using innovative yet proven technology, CODA delivers products that cover core administrative functions like finance and procurement. These form the platform from which we deliver strategic financial intelligence to senior management and to all corners of the organization where such information will add value and help you to drive your business forward. CODA is a global company, with offices across Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Asia-Pacific supporting a network of alliance partners who offer CODA products and services worldwide. More than 2,000 major companies worldwide use CODA solutions to maximize value across both Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) and Business-to-Consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) environments. 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 2001 and Form 10Q filed May 2002. |
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