Vertex Acquires LCR-Dixon to Expand Global Tax Automation Portfolio
24 Septiembre 2021 - 6:30AM
Vertex Acquires LCR-Dixon to Expand Global Tax
Automation Portfolio
Vertex, Inc. (NASDAQ: VERX) and its subsidiaries, (“Vertex” or the
“Company”), a global provider of tax technology solutions, today
announced that it has acquired LCR-Dixon Corporation, a specialized
expert in SAP technologies and leading provider of tax intelligence
solutions.
LCR-Dixon’s tools enhance a customer’s ability to maintain,
analyze and validate tax data in procure-to-pay as well as
order-to-cash. LCR-Dixon’s solutions are purpose-built to simplify
tax complexity in SAP environments.
“We believe the addition of LCR-Dixon’s unique suite of
solutions with Vertex tax technology delivers an incomparable value
to our customers who need to manage complex global compliance
requirements,” said Vertex CEO David DeStefano. “We share a common
vision and principles based upon loyalty, consideration and
respect. Vertex and LCR-Dixon have enjoyed a long-standing
partnership and together have delivered best-in-class solutions to
some of the world’s largest companies running SAP.”
LCR-Dixon’s PLUS tools were specifically developed to improve
functionality and performance for SAP indirect tax processes and
are seamlessly integrated into Vertex’s tax determination software.
This combination will enable Vertex to deliver advanced
capabilities across the global SAP ecosystem.
“When we founded LCR-Dixon we had a vision for building tax
solutions to solve complex problems in a simple way,” said
LCR-Dixon co-founder and CEO Suzy Soo. “This acquisition is a
natural evolution of our relationship and a shared vision to
simplify tax complexity. We are excited to unite our offerings into
a single platform offered exclusively by Vertex and serve as the
leading end-to-end solution provider in tax for SAP customers.”
Learn more about Vertex.
About Vertex Vertex is a leading global
provider of indirect tax software and solutions. The company’s
mission is to deliver the most trusted tax technology enabling
global businesses to transact, comply and grow with confidence.
Vertex provides cloud-based and on-premise solutions that can be
tailored to specific industries for major lines of indirect tax,
including sales and consumer use, value added and payroll.
Headquartered in North America, and with offices in South America
and Europe, Vertex employs over 1,200 professionals and serves
companies across the globe.
For more information, visit www.vertexinc.com or follow on
Twitter and LinkedIn.
Copyright © 2021 Vertex, Inc. All rights
reserved. The information contained herein is intended for
information purposes only, may change at any time in the future,
and is not legal or tax advice. The product direction
and potential roadmap information is not a guarantee, may not be
incorporated into any contract, and is not a commitment to deliver
any material, code, or functionality. This information
should not be relied upon in making purchasing, legal, or tax
decisions. The development, release, and timing of any features or
functionality described for Vertex’s products remains at the sole
discretion of Vertex, Inc. Any statements in this
release that are not historical facts are forward-looking
statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. All forward-looking statements are subject to
various risks and uncertainties described in Vertex’s filings with
the US Securities and Exchange Commission (“SEC”) that could cause
actual results to differ materially from expectations.
Vertex cautions readers not to place undue reliance on these
forward-looking statements which Vertex has no obligation to update
and which speak only as of their dates.
Company
contact:
Tricia Schafer-Petrecz Vertex, Inc.
tricia.schafer-petrecz@vertexinc.com 484.595.6142
Investor Relations contact: Ankit Hira or Ed
Yuen Solebury Trout for Vertex, Inc. ir@vertexinc.com
610.312.2890
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