Bottomline Names Property and Casualty Claims Litigation Executives to Legal Spend Management Team
Expanded Team Addresses Growing Demand for Legal eXchange in Insurance
PORTSMOUTH, NH – May 01, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced the appointment of several new insurance and legal executives to its product and account management teams. These appointments further broaden Bottomline’s ability to provide claims litigation expertise and deliver innovative solutions for Bottomline’s rapidly-growing base of top property and casualty insurance firms.
Selected by many of the nation’s property and casualty insurers, and offering an established network of more than 4,000 law firms, Legal eXchange helps corporate legal and insurance claims departments to manage legal spend more efficiently through the adoption of electronic invoice management processes. With the ability to access and analyze data electronically, users can collaboratively align and manage budgets and case handling strategies with outside counsel, while also establishing benchmarks from which future performance can be measured.
New executives who have joined Bottomline’s Legal eXchange team include:
· Karen Fettig as Legal eXchange’s Product Manager. Ms. Fettig comes to Bottomline from Farmers Insurance where she held leadership roles in establishing the company’s central bill review and in the development of its internal claims litigation management platform. A former insurance defense attorney, Ms. Fettig has extensive claims management and litigation experience having held positions earlier in her career with Liberty Mutual and Wausau Insurance. While at Liberty Mutual, she established and grew a legal staff office in Sacramento, CA, before transferring to manage a larger team of San Francisco-based staff attorneys.
· Melinda Osborn as Legal eXchange’s Professional Services Team Manager. Ms. Osborn will utilize her background in legal spend management to help large property and casualty insurers optimize their outside counsel relationships. In her new role, she will lead the team’s account management group and assist a number of Bottomline’s clients, including ACUITY and Employers Mutual Casualty Company. During her career, Ms. Osborn has also served as a claims analyst with GE Insurance (now Swiss Re) and a litigation attorney with Schoenberg, Finkel, Newman & Rosenberg.
· Seth Colby as Senior Account Manager. An expert on the intersection of technology applications and litigation management, Mr. Colby has been a featured speaker at industry conferences across the country. Prior to joining Bottomline, Mr. Colby was a claims specialist for Westport Insurance Company and handled a variety of complex claim types, including Directors & Officers, legal malpractice and employment practice. Mr. Colby began his legal career with Sedgwick, Detert, Moran & Arnold, an international trial and litigation firm based in San Francisco, defending medical malpractice suits as part of its litigation practice group.
“We take great pride in our ability to deliver value to customers and assist them in achieving their strategic objectives for legal spend management. Our expanded team of highly-skilled professionals strengthens our ability to support not only the needs of our customers but their law firm partners as well,” said Tom Gaillard, Vice President and General Manager, Bottomline Technologies. “This is a talented and experienced set of individuals, and we’re thrilled to bring their industry knowledge to our product and our clients.”
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) 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 involving payments, invoicing, global cash management, supply chain finance and transactional documents. 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.
Company Contact:
Billy Balfour
Bottomline Technologies
603-501-5219
bbalfour@bottomline.com
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