Bottomline Technologies Acquires Andera for $47,500,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d034fab5-50e5-4999-9e3d-c0175785d42a
Date
5/9/2014
Company Name
Andera
Mailing Address
15 Park Row West Providence, RI 02903 USA
Company Description
Andera is the #1 provider of online account opening and funding solutions in the U.S., serving more financial institution clients than any other vendor.
Website
http://www.andera.com
Transaction Type
M&A
Transaction Amount
$47,500,000
Transaction Round
Proceeds Purposes
M&A Terms
Andera Inc. has been acquired by Bottomline Technologies (Nasdaq:EPAY) for $44.5 million in cash and 102,000 shares of Bottomline stock.