Thomson Reuters just spent $600m on a tax automation start-up
Posted by:
John Harrison
Thomson Reuters has acquired SafeSend in a $600 million deal, a company specializing in tax automation software, aiming to enhance tax preparation processes for US clients. SafeSend, with a strong client base including 70% of the top 500 US companies, focuses on improving tax workflows through automation. The acquisition is expected to fuel 25% annual growth for SafeSend in the coming years, enabling the company to innovate and offer end-to-end tax solutions under Thomson Reuters’ ownership. The collaboration seeks to simplify tax processes amid a complex tax environment. Stay tuned for more updates on this exciting partnership.
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