Vertex

General Information
Business:

 

Vertex delivers comprehensive tax solutions that enable global businesses to transact, comply and grow with confidence. Companies with complex tax operations rely on Vertex to automate their end-to-end indirect tax processes. Indirect tax is the largest corporate tax category, encompassing sales tax, seller’s use tax, consumer use tax and VAT, among others. Indirect tax accounts for more than $3.5 trillion of annual tax revenue, which is 2.5 times the amount of corporate income taxes, according to the 2019 OECD Tax Database. Our software, content and services address the increasing complexities of global commerce and compliance by reducing friction, enhancing transparency and enabling greater confidence in meeting indirect tax obligations. As a result, our software is ubiquitous within our customers’ business systems, touching nearly every line item of every transaction that an enterprise can conduct. Today, we have more than 4,000 customers, including over half of the Fortune 500, and provide our customers with tax support in over 130 countries.

Industry: PREPACKAGED SOFTWARE
Employees: 1100
Founded: 1982
Contact Information
Address 2301 Renaissance Blvd King of Prussia, PA 19406, US
Phone Number (800) 355-3500
Web Address http://www.vertexinc.com
View Prospectus: Vertex
Financial Information
Market Cap $428.9mil
Revenues $336.1 mil (last 12 months)
Net Income $-8.5 mil (last 12 months)
IPO Profile
Symbol VERX
Exchange NASDAQ
Shares (millions): 21.2
Price range $19.00 - $19.00
Est. $ Volume $401.9 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley
CO-Managers BofA Securities/ Citigroup/ Jefferies/ JMP Securities/ Stifel/ William Blair/ CastleOak Securities
Expected To Trade: 7/29/2020
Status: Priced
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