M&A Deal Summary

Bottomline Acquires Nexus Systems

On September 13, 2022, Bottomline acquired internet software and services company Nexus Systems from Mainsail Partners

Acquisition Highlights
  • This is Bottomline’s 1st transaction in the Internet Software and Services sector.
  • This is Bottomline’s 7th transaction in the United States.
  • This is Bottomline’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-09-13
Target Nexus Systems
Sector Internet Software and Services
Buyer(s) Bottomline
Sellers(s) Mainsail Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Nexus Systems

Falls Church, Virginia, United States
website
Nexus Systems is a provider of integrated procure-to-pay (P2P) software for medium and large enterprises. Nexus Systems was founded in 1999 and is based in Falls Church, Virginia.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bottomline

Portsmouth, New Hampshire, United States

website

Category Company
Founded 1989
Sector Internet Software and Services
Revenue 471M USD (2021)
DESCRIPTION

Bottomline makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and fraud detection, behavioral analytics, and regulatory compliance solutions. Bottomline was founded in 1989 and is based in Portsmouth, New Hampshire.

DEAL STATS #
Overall 14 of 14
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 14 of 14
State (Virginia) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Bora Payment Systems

United States

Bora Payment Systems provides paymode-X vendors to utilize straight-through processing (STP) as a method of accepting virtual card payments.

Buy $15M

Seller(S) 1

SELLER

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco.

DEAL STATS #
Overall 25 of 26
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 18 of 18
State (Virginia) 1 of 1
Country (United States) 25 of 26
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 SmartMoving

Dallas, Texas, United States

SmartMoving delivers business management software for moving companies that serve residential, commercial, and government clients. Customers use SmartMoving daily as their core system of record to automate all aspects of moving service operations, including estimates, dispatching, storage, sales & marketing, payroll, communication, and collecting payments. SmartMoving is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Instinct Science

Doylestown, Pennsylvania, United States

Instinct Science is a veterinary practice management software and workflow platform. Instinct Science suite of products power many of the industry’s university veterinary teaching centers and multispecialty/emergency advanced care centers. Instinct Science was founded in 2017 and is based in Doylestown, Pennsylvania.

Buy -
Mergr

Product

Company

Legal