Vertex Acquires Edge Computing Corporation Tellutax to Increase its World Management in Tax Technological 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 services, introduced that it has obtained Tellutax, a Portland-primarily based edge computing technological innovation startup. Economic terms of the transaction have been not disclosed.

Tellutax patterns edge-based technologies employing a container architecture, which enables buyers to deliver tax methods seamlessly at the position of require with elevated scalability and simplified management.

“We believe that Tellutax edge technologies will lengthen our leadership in the enterprise sector and speed up our ecosystem growth into upcoming era payment and IoT platforms,” mentioned Vertex president and CEO David DeStefano. “This acquisition furthers our technologies roadmap and hybrid cloud tactic, enabling us to serve prospects in an progressively hyper-linked natural environment.”

Tellutax was started in 2018 by two completed executives in tax automation application. Tellutax CEO Eric Ruud was formerly a controlling director at Thomson Reuters, when Tellutax Main Technology Officer (CTO) Eric Christian co-founded Sabrix and led the design and style and growth of its oblique tax program system. Sabrix was acquired by Thomson Reuters in 2009.

“Vertex is a international leader in indirect tax automation and has a tested monitor-report throughout numerous generations of technological innovation,” commented Christian. “We consider edge computing will be the future generation of technological know-how in our market and we are thrilled to help Vertex accelerate this transformation.”

Tellutax edge technologies enables companies in all industries to advantage from new concentrations of overall performance and scalability by allowing huge quantities of transaction knowledge to be processed where it is desired. The technologies permits the optimization of tax content material by restricting only knowledge desired for unique places, finally accelerating tax dedication and decreasing the footprint of the edge services.

“Both Ruud and Christian possess a deep information of tax know-how and a observe file of innovation. We are psyched to insert the functionality of edge computing technologies that Tellutax created exclusively for tax into our portfolio of options,” included DeStefano.

About Vertex

Vertex, Inc. is a primary world-wide company of oblique tax software package and options. The company’s mission is to supply the most trusted tax know-how enabling global enterprises to transact, comply and mature with self-assurance. Vertex presents cloud-based mostly and on-premise methods that can be customized to certain industries for main lines of oblique tax, including revenue and customer use, price extra and payroll. Headquartered in North America, and with places of work in South The usa and Europe, Vertex employs above 1,200 experts and serves companies throughout the globe.

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Resource: Vertex, Inc.

Corporation get hold of:                        
Tricia Schafer-Petrecz
Vertex, Inc.
[email protected]

Investor Relations speak to:
Ankit Hira or Ed Yuen
Solebury Trout for Vertex, Inc.
[email protected]