Accelerating Our Mission: Vertex Welcomes Taxamo
I’m pleased to share the exciting news that Vertex has acquired Taxamo, a cloud-native pioneer in global tax and payment automation for e-commerce and marketplaces.
This is a significant moment for our customers and the market as a whole and reflects our commitment to deliver end-to-end solutions to support the entire indirect tax compliance process end-to-end, enabling businesses to transact, comply and grow with confidence on a global level.
With the rise of digital commerce, many companies are optimizing their supply chains and adapting their business models to support revenue growth and geographic expansion through e-commerce and marketplaces - their own, as well as third-party sites. This is driving the need for omnichannel solutions that enable commerce from anywhere with a consistent customer experience.
Taxamo solutions expand our global capabilities to help businesses, e-commerce providers and B2B/ B2C marketplaces reduce friction anywhere transactions are done. Their cloud-based solutions are purpose-built for today’s global, e-commerce businesses who need to automate compliance and commerce across the entire value chain of cross-border transactions, from merchant to seller to payer and revenue authority.
As the online e-commerce environment quickly evolves, we are experiencing landmark legislative changes across the globe, imposing new regulations that demand detailed transaction data at the invoice level. These changes are increasing the complexity of indirect tax management and the need for intelligent solutions to enable businesses to satisfy tax obligations and support growth opportunities.
Bringing Taxamo’s deep expertise in digital compliance and payments together with the power of Vertex solutions, tax content and partner ecosystem, we can now serve as your single solutions provider to process transactions from the front office to the back-office applications. With a unified, end-to-end approach, we are ready to meet you wherever you are in this journey and quickly transform with your business when you are ready.
In working with John McCarthy and the team at Taxamo, there was an immediate and natural synergy between our teams – starting with a deep understanding of our customer’s needs and the challenges they face.
At Vertex, we have been building out our global capabilities, content and team to support you. This acquisition not only unifies our best-in-class technologies, but it also brings together the passions of two companies focused on customer excellence fueled by trusted relationships, shared values, innovation and an extended partner ecosystem.
We are putting significant care into how we bring our teams together, building a partnership that empowers agility, innovation and integrity in our technologies. As one team, we remain committed to you, our valued customers and partners. We are proud to work with you each and every day.
There is an enormous amount of energy and enthusiasm about the possibilities for what Vertex and Taxamo can do together to continue to bring enhanced value and better serve our customers and partners. Best of all, we get to do it with you. I can’t wait.
Vertex Welcomes Taxamo
Vertex has acquired Taxamo, a cloud-based pioneer in tax and payment automation for global e-commerce and marketplaces.
Forward Looking Statements
Any statements made in this release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. Forward-looking statements are based on Vertex management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: the risk of adverse and unpredictable macro-economic conditions, the failure to achieve expected synergies and efficiencies of operations between Vertex and Taxamo, the ability of Vertex to successfully integrate the Taxamo business, the loss of any Taxamo customers, the ability to coordinate strategy and resources between Vertex and Taxamo, and the ability of Vertex to retain and motivate key employees of Taxamo. Additional factors that could cause actual results to differ materially.
Please remember that the Tax Matters provides information for educational purposes, not specific tax or legal advice. Always consult a qualified tax or legal advisor before taking any action based on this information. The views and opinions expressed in Tax Matters are those of the authors and do not necessarily reflect the official policy, position, or opinion of Vertex Inc.
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