Vertex acquires Taxamo for global trade solutions

Friday 14 May 2021 14:28 CET | News

US-based tax technology solutions provider Vertex has announced the acquisition of Taxamo, a cloud-based payment automation company for global ecommerce and marketplaces.

Taxamo offers a unified platform which supports tax compliance, with a focus on online sales, payments and e-invoicing.  Their cloud-based solution is designed for global ecommerce businesses wanting to automate compliance and commerce across the value chain.

Taxamo offers comprehensive end-to-end solutions for value-added tax (VAT) and Goods and Services Tax (GST) management, including registration, calculation, compliance, invoicing and payment. This facilitates cross-border transactions from merchants to sellers, and tax authorities. According to a Vertex representative, the acquisition accelerates the company’s growth strategies across ecommerce platforms and marketplaces in medium-sized businesses. Taxamo's solutions are expected to be integrated with Vertex's cloud portfolio, bringing new features and digital content to Vertex's customer base.

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Keywords: acquisition, ecommerce, marketplace, e-invoicing
Categories: Securing Transactions | E-invoicing, SCF & E-procurement
Countries: United States
This article is part of category

Securing Transactions