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Vertex Inc. Announces Leadership Transition

Berwyn, PA

Vertex Inc., the leading provider of corporate tax solutions, announced today that, effective January 1, 2016, President, CEO and co-owner Jeff Westphal will transition to CEO and Chairman of the Board of Directors, and David DeStefano will transition to President. On January 1, 2017, DeStefano will assume the role of CEO and become a Director on the Board; Westphal will remain Chairman of the Board and co-owner of Vertex with the other two shareholders, Stevie Westphal-Lucas and Amanda Westphal-Radcliffe.

Vertex’s succession planning began five years ago and followed a thorough process that included the company’s senior leadership. The leadership change marks the first non-family company principal.

“We are confident that David DeStefano will steward Vertex in its continued success and the full realization of a new era of remarkable growth,” said Westphal. “I have enjoyed my role in leading the transformation and recreation of the company as a truly collaborative and innovative operation. I look forward to seeing David maximize Vertex’s potential through the incredible opportunities in front of us.”

Board member Terry Kyle expressed his support of DeStefano and the transition, saying, “David is a leader who has been a full partner in the development of our core business strategy, and we are confident that he is the best person for the job as we work to achieve our full potential.”

DeStefano joined Vertex in 1999 as Chief Financial Officer. He is currently Executive Vice President and a member of the Executive Council, which is responsible for attending to the long-term strategic and financial viability of the company as well as its corporate brand and culture.

“I am honored and incredibly excited to take on this role, and will work diligently to ensure Vertex’s continued success,” said DeStefano. “With Vertex Enterprise, Vertex SMB, our global expansion, and our remarkable growth in the managed services arena, Vertex is in an exciting phase and I’m looking forward to stewarding our company into the future.”

About Vertex

Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.

For more information about Vertex, explore Our Company or follow Vertex on Twitter @vertexinc.

Company Contact

Tricia Schafer-Petrecz, Vertex Inc.

tricia.schafer-petrecz@vertexinc.com

484-595-6142

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