- December 20, 2021
- Posted by: Stratford Team
- Category: Business
Bottomline Technologies’ headquarters are in the Pease International Tradeport.
Bottomline Technologies in Portsmouth, created in 1989 to help companies move from paper checks to an electronic payment system, has been sold to a private equity firm in an all-cash transaction valued at $2.6 billion.
Under terms of the agreement Bottomline shareholders will receive $57 per share in cash.
Thoma Bravo LP, an American private equity and growth capital firm with offices in San Francisco, Chicago and Miami, acquired the firm, Bottomline announced Friday evening.
Report about the company’s possible sale were reported earlier this month by several news organizations financial payroll system had hired Deutsche Bank to explore strategic options, which include selling part or all of the company. Bloomberg broke the story, and Barron’s said it had confirmed it, based on anonymous sources.
“This transaction is an exciting next chapter for our company, our…
