Bottomline

Bottomline is an American business payments and cash management software company founded in 1989 and headquartered in Portsmouth, New Hampshire. It traded on Nasdaq as EPAY until Thoma Bravo took it private in May 2022 in a deal valued at approximately $2.6 billion. It is led by chief executive Craig Saks and, since 2025, no longer sells legal technology of any kind.

For much of its history Bottomline paired payments software with a legal spend management division serving property and casualty insurers, whose Legal-X and Legal eXchange platforms handled outside counsel billing and bill review. In February 2025 it agreed to sell that division, along with about 300 employees, to Sedgwick, which operates it as a separate business. Bottomline described the sale as a move to concentrate on business payments and cash management, which is the only market it serves today.

Bottomline at a glance:

• Founded: Founded in 1989 in Portsmouth, New Hampshire, and publicly listed for more than two decades before returning to private ownership.
• Headquarters: Portsmouth, New Hampshire, with offices across North America, Europe, Asia and Australia supporting the payments business.
• Ownership: Owned by private equity firm Thoma Bravo, which completed a take-private of the Nasdaq-listed company, then EPAY, in May 2022.
• Legal Technology Portfolio: None: the Legal-X and Legal eXchange legal spend platforms transferred to Sedgwick in 2025, leaving no legal product in this directory.
• Market Focus: Sells to banks, financial institutions and corporate finance and treasury teams worldwide, not to legal departments or insurer legal units.

What legal teams should know: Bottomline is no longer a legal technology vendor. Organisations using Legal-X or Legal eXchange should direct contract, support and roadmap questions to Sedgwick, which acquired the division in 2025 and runs it separately. Bottomline itself is now relevant to finance and treasury functions rather than to legal operations buyers.