Sedgwick to acquire the legal spend management business from Bottomline.

Sedgwick, a provider of claims management, loss adjusting and technology-enabled business solutions, agreed to acquire the legal spend management business from Bottomline, a business payments and cash management company. Financial terms were not disclosed. "Bottomline's LSM business is a strong fit for Sedgwick, and bringing these solutions in-house will enable us to better assist clients in making data driven decisions regarding their litigation management. This transaction sets a new standard of excellence for Sedgwick, positioning us as the unmatched claims partner for organizations worldwide. By integrating industry-leading LSM expertise in third party legal bill review into our existing capabilities, we will elevate the value we bring in meeting the evolving needs of our clients and their customers," Jim Ryan, Sedgwick Chief Operating Officer.