Canaccord Genuity analyst Richard Davis maintained a Hold rating on Bottomline Technologies (NASDAQ: EPAY ) these days and set a value target of $28. And contemplating that rocky morning climate gave the Bottomline volunteers a late commence, their capability to total it all was impressive. Thank you for your interest in Bottomline Technologies, and welcome to the third quarter fiscal 2015 earnings contact. Rick has an outstanding record of accomplishment and the expertise to lead Bottomline to the next level of lucrative growth and enterprise value. I will remain with Bottomline by means of the finish of the fiscal year, and have committed to making sure a smooth transition.
Kevin has made an extraordinary contribution to Bottomline Technologies to guarantee a smooth transition, he will be with us through the finish of the fiscal year. We wholeheartedly thank him for his unwavering dedication and commitment to Bottomline and we wish him all the best in his new business venture. In the 90 days, since the transaction closed, the Match Now solution set is confirmed and we are more confident than ever in the lengthy term potential this capability brings to Bottomline. I’m quite excited to join the Bottomline group and to speak with this group today.
That really has been a universal reception I’ve received so far, so we’re off to a good begin and what’s specific to being an thrilling and rewarding industry for Bottomline. Bottomline Technologies has never been in a better position to drive income growth, margin expansion and shareholder returns. It is a wonderful opportunity for me and one that I could not pass up. It is really been a pleasure to function at Bottomline over the previous 16 years. Relay technologies facilitate the transfer of info across spot and time.
At Nuance Communications, in the course of their really highest growth periods, I held a number of senior leadership roles beginning when Nuance was about the very same size the Bottomline is today and by the time I left years later, it was nearly $2 billion in revenue. These are my personal expertise Bottomline is a variety of organization that I want to be a component of and it is a firm I know I can help grow. Consequently, it has long had anti-fraud technologies targeted toward detecting payments fraud.
So the pricing decisions pretty easy 1 about Bottomline and Paymode-X it is an chance to actually of accounts payable be income center, which is really appealing and once again following the interchange model and complimenting the interchange model of the card program. Pcoach, what upsets me is with the higher level of unemployment, key American companies are outsourcing their jobs to prison labor.