As a result, Bottomline Technologies is expected to add Allegient’s Software as a Service (SaaS) platform to its Legal eXchange portfolio. The all-cash transaction is valued at USD 48 million and is subject to closing balance sheet adjustments.
The transaction is expected to close in April 2011.
In a recent and related development, Bottomline Technologies has acquired UK-based payments-management software provider Direct Debit.
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