August 18, 2022

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Vertex Acquires Edge Computing Organization Tellutax to Extend its World Leadership in Tax Know-how

KING OF PRUSSIA, Pa., Jan. 25, 2021 (World NEWSWIRE) — Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a major service provider of tax technology and solutions, introduced that it has acquired Tellutax, a Portland-based mostly edge computing technological know-how startup. Fiscal terms of the transaction had been not disclosed.

Tellutax models edge-primarily based know-how employing a container architecture, which allows shoppers to produce tax answers seamlessly at the point of have to have with improved scalability and simplified management.

“We feel Tellutax edge know-how will prolong our management in the business marketplace and speed up our ecosystem expansion into upcoming generation payment and IoT platforms,” mentioned Vertex president and CEO David DeStefano. “This acquisition furthers our technological innovation roadmap and hybrid cloud method, enabling us to provide buyers in an progressively hyper-connected natural environment.”

Tellutax was founded in 2018 by two achieved executives in tax automation software. Tellutax CEO Eric Ruud was previously a running director at Thomson Reuters, although Tellutax Main Technological know-how Officer (CTO) Eric Christian co-started Sabrix and led the structure and progress of its indirect tax software program system. Sabrix was acquired by Thomson Reuters in 2009.

“Vertex is a world wide leader in oblique tax automation and has a tested track-record across numerous generations of technology,” commented Christian. “We believe edge computing will be the subsequent technology of technologies in our sector and we are thrilled to help Vertex speed up this transformation.”

Tellutax edge technologies enables firms in all industries to gain from new ranges of functionality and scalability by enabling massive amounts of transaction information to be processed the place it is required. The engineering permits the optimization of tax content by limiting only information required for distinct areas, in the long run accelerating tax willpower and decreasing the footprint of the edge service.

“Both Ruud and Christian have a deep information of tax technological know-how and a keep track of document of innovation. We are psyched to increase the functionality of edge computing engineering that Tellutax formulated especially for tax into our portfolio of answers,” additional DeStefano.

About Vertex

Vertex, Inc. is a major world wide service provider of oblique tax software package and solutions. The company’s mission is to provide the most trustworthy tax technology enabling global companies to transact, comply and mature with self confidence. Vertex delivers cloud-centered and on-premise remedies that can be personalized to unique industries for significant lines of oblique tax, together with income and buyer use, value included and payroll. Headquartered in North The united states, and with workplaces in South America and Europe, Vertex employs about 1,200 professionals and serves firms across the globe.

For a lot more details, visit www.vertexinc.com or observe on Twitter and LinkedIn.

Source: Vertex, Inc.

Enterprise speak to:                        
Tricia Schafer-Petrecz
Vertex, Inc.
[email protected]
484.595.6142

Investor Relations get in touch with:
Ankit Hira or Ed Yuen
Solebury Trout for Vertex, Inc.
[email protected]
610.312.2890