Bottomline Technologies (EPAY) Enters Agreement to Acquire Optio Software
March 3rd, Bottomline Tech. (www.bottomline.com), a collaborative payment, invoice and document automation solutions provider to corporations, financial institutions and banks around the world, announced it has agreed to acquire Optio Software, headquartered in Alpharetta, GA. The Company is a provider of technology solutions that improve the efficiency of document-intensive processes. Bottonline’s possession of Optio is expected to stretch out Bottomline’s leadership position. The suggested transaction, that has been granted approval by the Board of Directors of both companies, is conditional upon Optio Software shareholder approval and other closing conditions. Looking forward, the agreement is expected to close during Bottomline’s fiscal…