Vertex acquired the Portland-based edge computing technology startup, Tellutax. This technology will enable customers to deliver tax solutions seamlessly, with an increased scalability and simplified management. “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. “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 two accomplished executives in tax automation software. Tellutax CEO Eric Ruud was formerly a managing director at Thomson Reuters, while Tellutax Chief Technology Officer (CTO) Eric Christian co-founded Sabrix and led the design and development of its indirect tax software platform. Sabrix was acquired by Thomson Reuters in 2009.
“Both Ruud and Christian possess a deep knowledge of tax technology and a track record of innovation. We are excited to add the functionality of edge computing technology that Tellutax developed specifically for tax into our portfolio of solutions,” added DeStefano.