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  6. Sedgwick Acquires Bottomline - Legal Spend Management Business

M&A Deal Summary

Sedgwick Acquires Bottomline - Legal Spend Management Business

On February 20, 2025, Sedgwick acquired internet software and services company Bottomline - Legal Spend Management Business from Bottomline

Acquisition Highlights
  • This is Sedgwick’s 1st transaction in the Internet Software and Services sector.
  • This is Sedgwick’s 19th transaction in the United States.
  • This is Sedgwick’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2025-02-20
Target Bottomline - Legal Spend Management Business
Sector Internet Software and Services
Buyer(s) Sedgwick
Sellers(s) Bottomline
Deal Type Divestiture

Target

Bottomline - Legal Spend Management Business

Portsmouth, New Hampshire, United States
Bottomline's Legal Spend Management Business services the property and casualty (P&C) insurance industry, providing carriers, third-party administrators (TPAs), self-insured entities, and corporate legal departments with cloud-based software applications and complementary legal bill review solutions.

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Buyer(S) 1

Buyer

Sedgwick

Memphis, Tennessee, United States
Category Company
Founded 1969
Sector Insurance
DESCRIPTION

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.

DEAL STATS #
Overall 21 of 21
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New Hampshire M&A 1 of 1
Country: United States M&A 19 of 19
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Appraisal Service of Mississippi

Madison, Mississippi, United States

Appraisal Service of Mississippi is an auto and property appraisal services firm that offers multiline field appraising for insurance companies, third-party administrators (TPAs) fleet managers, and leasing services. The company is equipped with a professional team to handle damage estimates for auto, home, heavy equipment, recreational vehicles, and more in Alabama, Louisiana, Mississippi, and the greater Memphis area. Appraisal Service of Mississippi was formed in 1988 and is based in Madison, Mississippi.

Buy -

Seller(S) 1

SELLER

Bottomline

Portsmouth, New Hampshire, United States
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 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Nexus Systems

Falls Church, Virginia, United States

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.

Buy -
Mergr

Product

Company

Legal