Bottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline’s secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line.
Bottomline
- CEO
Craig Saks
- Platform
- Flagship
- HQ
Portsmouth, NH
- Sector
- Applications
- Year Invested
2022
- Year Founded
1989
Powering The Next Era Of Digital B2B Payments
2006
Tracking A leader In B2B Payments
We began tracking Bottomline Technologies in 2006, building a strong relationship with management and a differentiated understanding of its broad product portfolio.
Continually Engaging With Management
2015-2020
Continually Engaging With Management
We maintained a close dialogue as Bottomline transitioned to SaaS, which raised the company’s product quality and growth prospects. Yet the stock remained stagnant in the COVID era, creating the conditions to pursue a take-private.
Taking Bottomline Private
2021-2022
Taking Bottomline Private
We signed an agreement to take Bottomline private in December 2021. The outgoing CEO agreed to bring on our chosen successor, Craig Saks, as president between signing and closing, providing for a smooth transition.
Rebuilding The Team And Streamlining Operations
2022
Rebuilding The Team And Streamlining Operations
Working with Craig, we rebuilt the management team, simplified the operating model and allocated resources toward the highest-potential product areas, driving a multi-year acceleration of growth and profitability.
Driving Expansion Through Strategic M&A
2022
Driving Expansion Through Strategic M&A
Shortly after closing, Bottomline acquired Nexus in a highly strategic acquisition that strengthened Bottomline’s B2B payments offerings in the real estate sector.
Divesting A Non-Core Segment
2025
Divesting A Non-Core Segment
We announced the divestiture of Legal Spend Management, a non-core segment that distracted from Bottomline’s strategic focus. This provided partial liquidity and we believe created an even more compelling company.
Powering The Future Of B2B Payments
2026
Powering The Future Of B2B Payments
Bottomline’s leading role in digitizing the massive B2B payments market, coupled with enhanced strategic focus and operational rigor, helped revenue growth double and profitability triple since the take-private transaction.
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