Vertex, Inc. (NASDAQ: VERX) a global provider of tax technology solutions, has acquired Taxamo, a cloud-based pioneer in tax and payment automation for global e-commerce and marketplaces.
Taxamo’s cloud-based solutions cater for global, e-commerce businesses that need to automate VAT and GST compliance across their entire value chain of cross-border transactions.
Taxamo, headquartered in Ireland, counts many of the leading, high-growth digital service providers among its global customers who rely on its unified platform of integrated capabilities to support indirect tax compliance, with a core focus on online sales, payments, and e-invoicing.
The all-cash transaction purchase price for Taxamo was approximately $200 million.
Taxamo founder and CEO John McCarthy joins Vertex in a senior leadership role overseeing the company’s global e-commerce and marketplace strategy.