Wednesday, December 7, 2011

CED Member Logical Progression is Acquired by Bottomline Technologies

Yesterday, Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, announced the expansion of its healthcare technology suite with an agreement to acquire the assets of current CED member Logical Progression, an early stage company focused on the development of mobile document automation solutions for the healthcare industry. Logical Ink®, the company’s first innovative technology, is expected to be offered as part of Bottomline’s growing healthcare solutions portfolio.

“The team at Logical Progression has developed a truly innovative platform and we are excited to make their technology available to the market and our customers.” said Pete Heydt, Director of Healthcare Sales at Bottomline Technologies. “Across our product set we are focused on developing intuitive, user friendly applications, and this acquisition advances that effort with both technology and talent.”

Congratulations to Logical Progression and their team on this great news!