Vertex, a tax technology and service provider, has acquired Tellutax, an edge computing technology startup. Utilizing a container architecture, the company designs technology for business customers to deliver tax solutions. This is Vertex’s first acquisition since going public in 2020.
“We believe Tellutax edge technology will extend our leadership in the enterprise market and accelerate our ecosystem expansion into next generation payment and IoT platforms,” said Vertex president and CEO David DeStefano in a release. “This acquisition furthers our technology roadmap and hybrid cloud strategy, enabling us to serve customers in an increasingly hyper-connected environment.”
Tellutax was founded in 2018 by CEO Eric Ruud, formerly a managing director at Thomson Reuters, and CTO Eric Christian, who co-founded Sabrix and led the design and development of its indirect tax software platform. Sabrix was acquired by Thomson Reuters in 2009.