Bottomline Technologies has entered into an agreement to acquire Optio Software. The acquisition is expected to extend Bottomline’s capabilities for transactional document automation. The proposed transaction, which has been approved by the board of directors of both companies, is subject to Optio Software shareholder approval and other standard closing conditions. The agreement, valued at US$44.9m, is expected to close during Bottomline’s fiscal fourth quarter and be accretive to fiscal 2009 earnings.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.