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Bottomline Acquires Nexus Systems

Sep 13, 2022•about 3 years ago

Acquiring Company

Bottomline

Acquired Company

Nexus Systems

FintechFinanceFinancial ServicesSoftwareSoftwareReal Estate

Description

Bottomline, a leading provider of financial technology that makes business payments simple, smart, and secure, today announced its acquisition of Nexus Systems, a leading provider of accounts payable (AP) and payments automation software for the real estate and property management industries.

Company Information

Company

Bottomline

About

Bottomline makes business payments simple, smart and secure for businesses and financial institutions, of all sizes, all over the world. More than 10,000 corporate customers, 1,400 commercial and business banks, including 15 of the top 25 global banks, rely on our industry-recognized payment and software platforms to accelerate digital transformation in a complex world of business payments and financial management. Bottomline solutions touch customers and payments in 92 countries across six continents. Our teams serve the world from primary locations in the United States, the United Kingdom, Switzerland, Israel, India, Australia and Singapore. Bottomline is a portfolio company of Thoma Bravo, a highly respected software-centric private equity firm with over $122 billion in assets under management. For more information visit www.bottomline.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed