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Major consolidation in claims matter management (BottomLine acquired Allegiant)

This past Spring, BottomLine Technologies acquired Allegient Systems for about $48 million. The purchase significantly increased Bottomline’s position as a leader in the legal invoice automation market, particularly for insurance and other corporate claims functions. BottomLine, a publicly traded company, says on its website that it handles invoices for well more than 100 P&C claims departments.

Claims management often falls under the legal department and its high volume and distinctive characteristics make specialized database software appropriate (See my post of June 14, 2011: management of claims with 11 references.).