Thoma Bravo: Snaps up US fintech Bottomline in $2.6bn deal

Thoma Bravo: Snaps up US fintech Bottomline in $2.6bn deal

• Thoma Bravo is one of the largest private equity firms in the world, with more than $91 billion in assets
• Bottomline Technologies makes complex business payments simple, smart, and secure
• The agreement will see the firm’s shareholders receive around $57 per share in cash
• Resources will allow his firm to “invest in continued innovation and accelerate go-to-market efforts” as it sets its sights on further growth
• Bottomline claims to help “businesses and financial institutions pay and get paid”, providing e-payment
• It also offers cash management, fraud detection, behavioral analytics, and regulatory compliance solutions.