Vertex

Vertex

Provides tax technology and compliance solutions

About Vertex

Simplify's Rating
Why Vertex is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Enterprise Software

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Upper Merion Township, Pennsylvania

Founded

1978

Overview

Vertex provides tax technology solutions that help businesses manage their tax compliance effectively. Their software allows clients to handle various tax processes, ensuring they meet legal requirements and adapt to changes in global e-invoicing standards. Vertex stands out from competitors by offering integrated solutions that cater to both large enterprises and small to medium-sized businesses, particularly those with complex tax situations. The company's goal is to enhance efficiency in tax management and support continuous compliance for its clients.

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Simplify's Take

What believers are saying

  • Vertex's recognition in 2025 Best Places to Work highlights strong culture and remote capabilities.
  • Recent investments indicate strong investor confidence in Vertex's growth potential and stability.
  • $345 million convertible notes offering provides capital for strategic acquisitions and expansion.

What critics are saying

  • Increased competition from startups could erode Vertex's market share with innovative solutions.
  • Rapid evolution of e-invoicing regulations may outpace Vertex's software update capabilities.
  • Reliance on large enterprises makes Vertex vulnerable to economic downturns affecting IT spending.

What makes Vertex unique

  • Vertex offers comprehensive tax technology solutions for diverse industries since 1978.
  • The company provides integrated solutions enhancing efficiency and compliance with global e-invoicing.
  • Vertex serves over 10,000 businesses, including large enterprises and SMEs with complex tax needs.

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Funding

Total Funding

$348M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Remote Work Options

Company News

MarketBeat
Mar 13th, 2025
Callan Family Office LLC Makes New Investment in Vertex, Inc. (NASDAQ:VERX)

Callan Family Office LLC makes new investment in Vertex, Inc. (NASDAQ:VERX).

PR Newswire
Jan 9th, 2025
J.P. Morgan Healthcare Conference 2025: Genomics Announces Dr Jose-Carlos Gutiérrez-Ramos As New Board Member To Accelerate Global Expansion And Life Sciences Rd Growth

Dr Jose-Carlos Gutiérrez- Ramos is the Chief Science Officer at Danaher Corporation. He has held senior drug discovery roles at Pfizer, Abbvie, and GSK. As CEO and President of Synlogic, he led the company from early drug discovery to clinical stage and public marketsHe brings a wealth of experience across biotechs and pharmaceutical companies, combined with deep expertise in science and tech for successful drug discovery, drug development programmes, and marketed drugsThe appointment strengthens the company's commercial capabilities, life sciences innovation, and R&D offering, to advance Genomics' mission of changing the future of healthcareOXFORD, England, Jan. 9, 2025 /PRNewswire/ -- Genomics , a healthcare company using large-scale genetic information to develop innovative precision healthcare tools and to bring new understanding to drug discovery, today announced the appointment of Dr Jose-Carlos Gutiérrez-Ramos to its Board. The appointment will support the company's rapid growth and strengthen its commercial offering globally, with a focus on scaling its life sciences business. The announcement coincides with significant Genomics presence at the J.P

Vertex Inc.
Jan 9th, 2025
Vertex Recognized in Built In's Esteemed 2025 Best Places to Work Awards

Vertex, Inc. (NASDAQ:VERX) ("Vertex" or the "Company"), a global provider of tax technology solutions, was recognized on Built In's 50 Best Remote Large Places to Work and 100 Best Remote Places to Work lists.

MarketBeat
Sep 14th, 2024
Westover Capital Advisors LLC Makes New $557,000 Investment in Vertex, Inc. (NASDAQ:VERX)

Westover Capital Advisors LLC makes new $557,000 investment in Vertex, Inc. (NASDAQ:VERX).

GlobeNewswire
Jun 14th, 2024
Vertex Erwirbt Steuerfähigkeiten Im Bereich Der Künstlichen Intelligenz Von Ryan, Llc

KING OF PRUSSIA, Pennsylvania, June 14, 2024 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) („Vertex“ oder das „Unternehmen“), ein globaler Anbieter von Steuertechnologielösungen, hat heute die Übernahme von steuerrelevanten KI-Fähigkeiten von Ryan, LLC, einem rennomiertem Steuerdienstleistungs- und Softwareunternehmen, bekanntgegeben. Sie sind darauf ausgelegt , die Komplexität der Steuerabbildung effektiver zu verwalten. Die finanziellen Bedingungen der Transaktion wurden nicht veröffentlicht. Die Kategorisierung von Produkten für die Besteuerbarkeit ist ein manueller und zeitaufwändiger Prozess, der für eine verbesserte Steuergenauigkeit von entscheidender Bedeutung ist, insbesondere für Unternehmen mit hohem Volumen, die ihre Compliance indirekter Steuern weltweit und in großem Umfang verwalten müssen. Die Übernahme wird die KI-Innovationsstrategie von Vertex beschleunigen, um globale Unternehmen bei der Bewältigung komplexer Steuerangelegenheiten mit größerer Geschwindigkeit und Skalierung zu unterstützen. „Wir unterhalten seit Jahren eine starke Partnerschaft mit Ryan

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