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    Bottomline Technologies Acquires Legal e-Billing Patent

    PORTSMOUTH, NH – Bottomline Technologies (NASDAQ: EPAY), a leading provider of invoice automation and payments software and services, announced the company has acquired a patent which addresses the process of online budgeting and evaluation of legal invoices.

    In acquiring this patent, Bottomline expands its portfolio of intellectual property rights and strengthens the company’s position as a leading provider of legal spend management services to corporate legal and insurance claims departments. This patented technology enables clients and outside counsel to work collaboratively to negotiate and approve budgets online while also facilitating real-time tracking of expenses incurred against a budget. Through the use of Bottomline’s Legal eXchange® solution for electronic invoice management, customers are able to transform the efficiency of legal billing processes to reduce operating costs and attain greater visibility into the performance of outside law firms.

    “We believe that intellectual property rights are an invaluable asset. Patent ownership helps secure our ability to differentiate our products in the marketplace,” said Rob Eberle, President and COO of Bottomline Technologies. “The patent we have acquired covers significant technology in a market we believe has strong long-term growth potential. As the functionality of our solutions continues to expand, we look forward to adding to our patent portfolio.”

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