BITGBoeing Industrial Technology Group (Saudi Arabia)
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In a separate deal, Bottomline has bought the main operations of its Australian distributor Business Information Technology Group (BITG), it said without giving financial details.
It expects the two deals to add between USD500,000 (EUR367,400) and USD1m to its revenues in the third and fourth quarters of 2011 and to increase its net income from fiscal 2012 onwards.Country: , UK, AustraliaSector: Computer Software, Wholesale/Retail, Banking/Financial ServicesTarget: Direct Debit Limited (DDL), Business Information Technology Group (BITG)Buyer: Bottomline TechnologiesType: Corporate acquisitionStatus: Closed
Boeing, Northrop Grumman, ITT and two Saudi firms comprise the Boeing Industrial Technology Group (BITG) that owns 50% of AEC.