Divestiture • Business Services

Benchmark Cloud Accounting Acquires Botkeeper - Direct Business Customers

On August 11, 2021, Benchmark Cloud Accounting acquired business services company Botkeeper - Direct Business Customers from Botkeeper

Acquisition Context
  • This is Benchmark Cloud Accounting’s 1st transaction in the Business Services sector.
  • This is Benchmark Cloud Accounting’s 1st transaction in the United States.
  • This is Benchmark Cloud Accounting’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date August 11, 2021
Target Botkeeper - Direct Business Customers
Sector Business Services
Buyer(s) Benchmark Cloud Accounting
Sellers(s) Botkeeper
Deal Type Divestiture

Target Company

Botkeeper - Direct Business Customers

Boston, Massachusetts, United States
Botkeeper's direct customers consist of more than 200 businesses across the U.S. in a variety of industries.
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Buyer Overview 1

Buyer

Benchmark Cloud Accounting

Austin, Texas, United States

Category Company
Founded 2021
Sector Internet Software and Services
DESCRIPTION

Benchmark Cloud Accounting offers advisory, controller, and critical thinking accounting services utilizing best-in-class cloud-based technologies to maximize the financial success of small- and medium businesses. Benchmark Cloud Accounting was founded in 2021 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Botkeeper

Boston, Massachusetts, United States

Category Company
Founded 2015
Sector Software
DESCRIPTION

Botkeeper provides automated bookkeeping support to Accounting firms by using a powerful combination of machine learning, artificial intelligence, and skilled accountants. Botkeeper was founded in 2015 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1