# Daniel M. McGurl

> Daniel M. McGurl co-founded Bottomline Technologies with James L. Loomis in May 1989 and served as its first CEO until August 2002. A U.S. Naval Academy graduate with 26 years at IBM and a senior banking role at State Street, he helped develop a business that automated corporate payments, went public in 1999, and expanded internationally. He remained chairman until May 2007 and a director until 2016.

- **Role:** Technology entrepreneur and former executive
- **Organizations:** Bottomline Technologies, IBM, State Street Bank and Trust Company, Newmarket International
- **Nationality:** American
- **Education:** United States Naval Academy
- **Known for:** Co-founded Bottomline Technologies in May 1989., Served as first CEO for 13 years, including the 1999 Nasdaq public offering., Co-inventor named on U.S. Patent 5,893,080, Disbursement system and method.

## Career timeline

- **Before 1987** — Spent 26 years at IBM; roles included Director of Marketing Planning and Director of Far East Operations.
- **1987-1989** — Senior Vice President at State Street Bank and Trust Company.
- **1989** — Co-founded Bottomline in May with James L. Loomis; became CEO, president and chairman.
- **1995** — Named with three colleagues on the July 25 application for a disbursement system patent.
- **1996** — Received a New Hampshire High Technology Council Entrepreneur of the Year award.
- **1998** — Led Bottomline during the introduction of PayBase-Secure WebPay.
- **1999** — Bottomline went public on Nasdaq; U.S. Patent 5,893,080 was granted April 6.
- **2000** — Concluded service as president in September.
- **2002** — Retired as CEO in August; Joseph Mullen succeeded him.
- **2007** — Concluded service as chairman in May, remaining a director.
- **2016** — Left the board as part of a board refresh alongside co-founder Loomis.

## Achievements

- Co-founded Bottomline Technologies in May 1989.
- Served as first CEO for 13 years, including the 1999 Nasdaq public offering.
- Co-inventor named on U.S. Patent 5,893,080, Disbursement system and method.
- 1996 Entrepreneur of the Year honoree, New Hampshire High Technology Council.
- Served as Bottomline chairman from May 1989 to May 2007.

## Latest updates

- **2025-09** — NH Business Review published McGurl’s recollection of Jim Loomis as a great partner and credited Loomis’s role in developing Bottomline and taking it public.

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Profile page: https://yespress.io/daniel-mcgurl
Published by YesPress — https://yespress.io
Last updated: 2026-10-22