Vertex

Vertex provides corporate tax processing software and consulting services to help companies worldwide manage taxes and regulatory compliance. Read more

David DeStefano's photo - Chairman & CEO of Vertex

Chairman & CEO

David DeStefano

CEO Approval Rating

99/100

Founded:

1978

Status:

PublicIndependent CompanyNASDAQVERX

VERTEX TOP COMPETITORS OR ALTERNATIVES

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EMPLOYEES

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Avalara is perceived as one of Vertex's biggest rivals. Avalara was founded in 2004 in Seattle, Washington. Avalara is in the Application Software field. Avalara generates $159.1M more revenue than Vertex.

DAVO Technologies, LLC: is Vertex's #2 rival. DAVO Technologies, LLC: is a Private company that was founded in 2011 in Portland, Maine. DAVO Technologies, LLC: competes in the Diversified Financial Services industry. Compared to Vertex, DAVO Technologies, LLC: has 1,056 fewer employees.

Exactor is one of Vertex's top competitors. Exactor's headquarters is in Cynwyd, Pennsylvania, and was founded in 2004. Exactor operates in the Business Support Services industry. Exactor generates 3.13% of Vertex's revenue.

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Vertex Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$383.7M

Vertex's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 531.9M. Over the last four quarters, Vertex's revenue has grown by 7.6%. Specifically, in Q1 2021's revenue was $98.2M; in Q4 2020, it was $99.5M; in Q3 2020, it was $94.6M; in Q2 2020, Vertex's revenue was $91.3M.

Vertex Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Taxamo

May 2021

Source »
$200M
Taxamo is an Ireland-based end-to-end tax assistance platform for businesses.
Tellutax

Jan 2021

Source »
undisclosed
Tellutax is an Oregon-based edge computing company that provides tax management and financial administration solutions for businesses.

These are all the companies that Vertex has acquired. Vertex has acquired 2 companies and its latest acquisition was Taxamo in May 2021. Taxamo is an Ireland-based end-to-end tax assistance platform for businesses.

Vertex Funding History

Since Vertex was founded in 1978, it has participated in 1 round of funding. In total Vertex has raised $401.9M. Vertex's funding round was on Jul 2020 for a total of $401.9M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Jul 2020
$401.9M

Since Vertex was founded in 1978, it has participated in 1 round of funding. In total Vertex has raised $401.9M. Vertex's funding round was on Jul 2020 for a total of $401.9M

Vertex Investments

No recent investments found related to Vertex

These are all the companies that Vertex has invested in. Vertex has invested 2 companies and its latest investment was Taxamo in May 2021. Taxamo is an Ireland-based end-to-end tax assistance platform for businesses.

Vertex News

May 19, 2021Law 360

Ex-Coke GC Bradley Gayton Added To Tax Software Co. Board

Coca-Cola Co.'s former general counsel, who resigned suddenly last month and is known for launching a... See more »
May 18, 2021Global Legal Chronicle

Vertex's $200 Million Acquisition of Taxamo

Matheson have advised Vertex Inc., a leading global provider of tax technology solutions, on the acqu... See more »
May 14, 2021The Paypers

Vertex acquires Taxamo for global trade solutions

US-based tax technology solutions provider Vertex has announced the acquisition of Taxamo, a cloud-ba... See more »
May 13, 2021Markets Insider

Vertex Announces First Quarter 2021 Financial Results

KING OF PRUSSIA, Pa., May 13, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) ("Vertex" or the "... See more »
May 13, 2021Global Security Mag

Vertex Acquires Taxamo

Vertex, Inc. announced it has acquired Taxamo, a cloud-based pioneer in tax and payment automation fo... See more »
April 12, 2021FinanzNachrichten

Vertex Welcomes Dynamic Leader Yvette C. Burton, Ph.D. As Chief People Innovation Officer

Executive Leadership to Advance Company's Global Workforce StrategyKING OF PRUSSIA, Pa., April 12, 20... See more »

Vertex Press Releases

September 15, 2020GlobeNewswire

Vertex Details Trends Around Sales Tax and Recent Spike in Local Tax Rates

KING OF PRUSSIA, Pa., Sept. 15, 2020 (GLOBE NEWSWIRE) -- According to Vertex Inc., (NASDAQ:VERX) ("Ve... See more »
December 17, 2019Business Wire

Vertex Certified SuiteTax Connector Achieves 'Built for NetSuite' Status

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Vertex, Inc., a leading provider of tax software and services,... See more »
December 13, 2019centralcharts

How Vertex helps businesses manage the complexities of international taxation

LONDON, Dec. 13, 2019 (GLOBE NEWSWIRE) -- The global digital economy (GDE) changes rapidly; too fast ... See more »
August 6, 2019Business Wire

New Sales Tax Report Shows an Increase in Rate Changes in First Six Months of 2019

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--According to the bi-annual Tax Rate Report issued by Vertex In... See more »
July 4, 2019PR-Inside

Vertical Exploration Appoints Gary Sosenko to Advisory Board

(PR-inside.com) VANCOUVER, BC / ACCESSWIRE / July 4, 2019 / VERTICAL EXPLORATION INC. (TSX-V: VERT) (... See more »
May 30, 2019Business Wire

Vertex Announces Salesforce Commerce Cloud Integration

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Vertex, Inc., a leading provider of tax technology and service... See more »
March 7, 2019Business Wire

Vertex Deepens Customer Portfolio with Elastic Path Integration

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/automation?src=hash" ta... See more »

Vertex Videos

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Vertex Headquarters

2301 Renaissance Boulevard

King of Prussia, Pennsylvania19406

1-844-321-3353

Driving Directions »

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Vertex Summary

ABOUT

Overview

Vertex provides corporate tax processing software and consulting services to help companies worldwide manage taxes and regulatory compliance. Vertex was founded in 1978. Vertex's headquarters is located in King of Prussia, Pennsylvania, USA 19406. It...

CEO

Vertex's Chairman & CEO, David DeStefano, currently has an approval rating of 99%. Vertex's primary competitors are Avalara, DAVO Technologies, LLC: & Exactor.

Frequently Asked Questions about Vertex

  1. When was Vertex founded?

    Vertex was founded in 1978
  2. Who is Vertex's CEO?

    Vertex's CEO is David DeStefano
  3. How much revenue does Vertex generate?

    Vertex generates $383.7M in revenue
  4. How much funding does Vertex have?

    Vertex has historically raised $401.9M in funding
  1. Where is Vertex's headquarters?

    Vertex's headquarters is in King of Prussia Pennsylvania, USA
  2. How many employees does Vertex have?

    Vertex has 1,100 employees
  3. What sector does Vertex operate in?

    Vertex is in Application Software, Regulatory Compliance, Enterprise Resource Planning (ERP)
  4. Who are Vertex's competitors?

    Vertex's top competitors are Avalara, DAVO Technologies, LLC:, Exactor