Empresas y finanzas

Bottomline Technologies to Acquire Optio Software



    Optio(R) Software (OTCBB:OPTO), a leading provider of technology
    solutions dedicated to helping customers automate, manage and improve
    the complete lifecycle of document-intensive processes announced today
    that it has entered into a definitive agreement to be acquired by
    Bottomline Technologies, a leading provider of collaborative payment,
    invoice and document automation solutions for $1.85 per share.

    The acquisition is expected to extend Bottomline´s leadership
    position as a provider of advanced capabilities for transactional
    document automation, while expanding the company´s solution set with
    Optio´s innovative technology. The proposed transaction, which has
    been approved by the Board of Directors of both companies and is
    expected to close in Bottomline´s fourth fiscal quarter, is subject to
    Optio Software shareholder approval and other standard closing
    conditions.

    "We look forward to welcoming Optio´s customers, business partners
    and employees to Bottomline. We believe the combination of Optio´s
    solutions and technology with Bottomline´s existing capabilities will
    enable us to deliver greater value to customers in the future," said
    Rob Eberle, President and CEO of Bottomline Technologies.

    "Bottomline and Optio Software share a common vision for how
    organizations can improve the performance of critical business
    functions by replacing manual, paper-based processes with automation,
    while improving accuracy every step of the way," said Wayne Cape,
    President and CEO of Optio Software. "We believe that the combination
    of the two organizations, with their complementary solutions,
    extensive domain expertise and broad customer bases, will create
    exciting new opportunities for customers seeking to optimize their
    document-intensive processes."

    "Our channel partners will also benefit from the expanded
    resources made available through the combination of the two
    organizations," said Cape. "The channel is critical to our
    go-to-market strategy and we remain committed to our partners´ future
    success."

    Headquartered in Portsmouth, New Hampshire, Bottomline supports
    more than 9,000 customers, including 3,000 that access the company´s
    payment and invoice automation capabilities through convenient
    subscription-based services.

    Serving industries such as financial services, insurance, health
    care, technology, communications, education, media, manufacturing and
    government, Bottomline provides products and services to approximately
    65 of the Fortune 100 companies and 80 of the FTSE (Financial Times)
    100 companies.

    Needham & Company, LLC acted as financial advisor to Optio
    Software, Inc. in this transaction.

    About Optio Software, Inc.

    Optio Software (OTCBB:OPTO.OB) with 25 years of experience and
    more than 5,500 clients, worldwide, provides software solutions
    dedicated to automating, managing and controlling the entire lifecycle
    of document-intensive processes, while extending the value of their
    Enterprise Resource Planning (ERP) and Hospital Information Systems.
    More than 5,500 organizations rely on Optio Software for innovative
    solutions that allow them to reduce transactional activities and focus
    on core responsibilities. Headquartered in Alpharetta, Ga., Optio
    Software maintains European, Middle Eastern and African (EMEA)
    headquarters in the United Kingdom and sales offices in the United
    States, France, Germany and the Netherlands. For more information
    about Optio Software visit our website at www.optio.com.

    About Bottomline Technologies

    Bottomline Technologies provides collaborative payment, invoice
    and document automation solutions to corporations, financial
    institutions and banks around the world. The company´s solutions are
    used to streamline, automate and manage processes and transactions
    involving global payments, invoice approval, purchase-to-pay,
    collections, cash management and document process automation.
    Organizations trust these solutions to meet their needs for cost
    reduction, competitive differentiation and optimization of working
    capital. Headquartered in the United States, Bottomline also maintains
    offices in Europe and Asia-Pacific. For more information, visit
    www.bottomline.com.

    Safe Harbor for Forward-Looking Statements

    Statements in this press release regarding the proposed
    transaction between Bottomline and Optio Software, the expected
    timetable for completing the transaction, future financial and
    operating results, benefits and synergies of the transaction, plans to
    integrate Optio Software with Bottomline and future opportunities for
    the combined company and any other statements about Bottomline or
    Optio Software´s future expectations, beliefs, goals, plans or
    prospects constitute forward-looking statements within the meaning of
    the Private Securities Litigation Reform Act of 1995. Any statements
    that are not statements of historical fact (including statements
    containing the words "believes," "plans," "anticipates," "expects,"
    estimates and similar expressions) should also be considered to be
    forward-looking statements. There are a number of important factors
    that could cause actual results or events to differ materially from
    those indicated by such forward-looking statements, including: the
    ability to consummate the transaction, including the ability to obtain
    approval of the transaction by Optio Software´s shareholders; the
    ability of Bottomline to successfully integrate Optio Software´s
    technology, operations and employees; the ability to realize
    anticipated synergies and cost savings; and the other factors
    described in Bottomline´s Annual Report on Form 10-K for the fiscal
    year ended June 30, 2007 and its most recent quarterly report filed
    with the SEC and in Optio Software´s Annual Report on Form 10-K for
    the fiscal year ended January 31, 2007 and its most recent quarterly
    report filed with the SEC. Optio and Bottomline disclaim any intention
    or obligation to update any forward-looking statements as a result of
    developments occurring after the date of this press release.

    Important Additional Information Will Be Filed With The SEC

    Optio Software plans to file with the Securities and Exchange
    Commission, or the SEC, and mail to its stockholders a Proxy Statement
    in connection with the transaction. The Proxy Statement will contain
    important information about Bottomline, Optio Software, the
    transaction and related matters. Investors and security holders are
    urged to read the Proxy Statement carefully when it is available.

    Investors and security holders will be able to obtain free copies
    of the Proxy Statement and other documents filed with the SEC by
    Bottomline and Optio Software through the web site maintained by the
    SEC at www.sec.gov.

    In addition, investors and security holders will be able to obtain
    free copies of the Proxy Statement from Optio Software by contacting
    Caroline Bembry at (770) 576-3525.

    Bottomline and Optio Software, and their respective directors and
    executive officers, may be deemed to be participants in the
    solicitation of proxies in respect of the transactions contemplated by
    the merger agreement. Information regarding Bottomline´s directors and
    executive officers is contained in Bottomline´s Form 10-K for the
    fiscal year ended June 30, 2007 and its proxy statement dated October
    15, 2007. Information regarding Optio Software´s directors and
    executive officers is contained in Optio Software´s Form 10-K for the
    fiscal year ended January 31, 2007 and its proxy statement dated June
    1, 2007, which are filed with the SEC. As of March 3, 2008, Optio
    Software´s directors and executive officers beneficially owned
    approximately 14.1 million shares, or 57%, of Optio Software´s common
    stock. In addition, since Optio Software´s June 1, 2007 proxy
    statement, executive officers of Optio Software entered into change of
    control agreements or amended existing change of control agreements
    and were awarded cash bonuses, and executive officers and directors of
    Optio Software were awarded options to purchase a total of 230,000
    shares of Optio Software common stock. A more complete description
    will be available in the Proxy Statement.

    Bottomline Technologies and the BT logo are trademarks of
    Bottomline Technologies, Inc., which may be registered in certain
    jurisdictions. Optio is a registered trademark of Optio Software, Inc.
    All other brand/product names are trademarks of their respective
    holders.