Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology for global businesses to transact, comply, and grow with confidence [3] - The company offers tailored solutions for major lines of indirect tax, including sales and consumer use, value added, and payroll [3] - Vertex is headquartered in North America, with additional offices in South America and Europe, aiming to simplify the complexity of continuous compliance for leading brands [3] Upcoming Events - David DeStefano, CEO, and John Schwab, CFO of Vertex, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference [1] - The event is scheduled for May 12, 2025, at 9:30 AM Eastern Time [1] - Live webcasts and replays of the presentations will be available on Vertex's investor relations website [2]

Tax technology leader unveils new research showing overwhelming support of global mandates and the benefits of e-invoicing for financial health KING OF PRUSSIA, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced new e-invoicing research revealing that a majority (79%) of global business leaders believe e-invoicing mandates are beneficial to business. Furthermore, 80% agree these mandates will impro ...

Core Insights - Vertex, Inc. has made a strategic investment of $15 million in Kintsugi, acquiring a 10% ownership stake and establishing a partnership that includes IP sharing and a commercial arrangement [1][5] - Kintsugi, founded in 2023, specializes in automating sales tax compliance for small and mid-sized businesses, addressing the growing complexity of tax regulations due to eCommerce and SaaS growth [2][8] - The investment aims to enhance Vertex's AI capabilities and accelerate its AI roadmap, benefiting mid-market and enterprise customers globally [3][5] Company Overview - Vertex, Inc. is a leading global provider of indirect tax solutions, focusing on delivering trusted tax technology for businesses to comply and grow confidently [6] - The company offers tailored solutions for various indirect tax lines, including sales and consumer use, value-added, and payroll taxes, with a presence in North America, South America, and Europe [6] Kintsugi Overview - Kintsugi provides an AI-powered tax automation platform that streamlines tax management, reducing preparation time by 75% and compliance costs by 50% for eCommerce and SaaS businesses [8] - The platform integrates seamlessly with digital accounting and payment processing systems, enhancing automation and user experience for small businesses [3][8]