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Technology / AI and automation

Bottomline buys e-billing specialist

Bottomline says the buy will strengthen its position in the so-called legal spend management sector by combining Bottomline’s Legal eXchange platform with Visibility’s planning and collaboration tools

Visibility’s legal e-billing software has carved a strong niche in the US insurance sector.

Following the merger Bottomline will have 60,000 combined users worldwide. Chicago-based Visibility brings on board customers like CNA Insurance.

Founded in 1989 and headquartered in Portsmouth, New Hampshire, Bottomline’s Web-based software lets businesses make and collect payments, send and receive invoices and conduct online banking.

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Bottomline’s stock jumped 1.5% yesterday afternoon to $11.27 after the acquisition was announced.

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

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