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Month: February 2008

FundTech – What analysts said before the acquisition of Accountis

OK, as the title suggests, I thought of capturing the analyst sentiment of FundTech before the acquisition of Accountis. So without further ado, here is a snapshot of analysis from three firms in Jan 2008: D A Davidson & Co BUY. Price on 9th Jan $10.60. Price Targets: 12 to 18 months $18, 5 year $40 Verdict: Target market volatility warrants some cautiousness, but risk/reward better than ever. Lowering estimates, maintaining BUY rating. My Analysis of Analyst: Does not indicate compelling understanding of business proposition. Analysis purely on the back of financials both past and forecasts. Wedbush Morgan Securities BUY.…

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The role played by this blog in FundTech’s acquisition of Accountis

Whilst I cannot take any credit for the deal between FundTech and Accountis, I feel exhilarated at the service this blog provided in above acquisition. Here are some clues: OB10 #8 – Ready to be acquired! James Governor # 1 – Learning from a Pro I actually thought there was a blog post giving more clues, but perhaps not! I believe it all started at a pub near Manchester Airport, where I had the privilege to meet a Representative, who came to know me through this blog. We spoke about the industry, why e-invoicing has not taken off as it…

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Breaking News: FundTech Acquires Accountis

Acquisition further expands Fundtech’s product suite in the corporate banking financial supply chain JERSEY CITY, N.J., Feb 07, 2008 (BUSINESS WIRE) — Fundtech Ltd. (NASDAQ: FNDT), a market leader in global corporate banking solutions, today announced the acquisition of Accountis Ltd. of Bangor, Wales, a leading supplier of electronic invoice presentment and payment (EIPP) systems. Adding EIPP capabilities to Fundtech’s existing product lines of payments, cash management and settlements systems, expands its end-to-end corporate banking systems, and adds to the company’s capabilities in enabling the emerging financial supply chain. Under the terms of the definitive agreement, Fundtech paid GBP 3.8…

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OB10 – Get ready for some real global competition

Up to now, the e-invoicing market has been dominated by OB10 due to their global expansion strategy, but this is soon to be threatened by a new M&A deal between two players I have come to respect. I cannot go into detail at present without breaching confidentiality agreement, but I consider this as a monumental achievement for the European e-invoicing industry. Stay tuned for more information. Technorati Tags: Ob10, e-invoicing, eipp, accounts payable automation

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