Vertex Recognized as a Leader in IDC MarketScape Reports on Worldwide Tax Automation for Enterprise and VAT
11 Novembre 2021 - 2:44PM
Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global
provider of tax technology solutions, announced it has been named
as a Leader in two IDC MarketScape reports – IDC MarketScape: SaaS
and Cloud-Enabled Sales and Use Tax Automation Software for
Enterprise 2021 Vendor Assessment (doc #US47987421, OCTOBER 2021)
and IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax
Software 2021 Vendor Assessment (doc #US47987321, October 2021).
Vertex was also named a Major Player in the IDC MarketScape:
Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation
Software for Small and Midsize Businesses 2021 Vendor Assessment
(doc #US47987521, OCTOBER 2021). The IDC MarketScape reports
highlight the importance of worldwide tax rates, rules, and
regulations for businesses seeking to grow in the global
economy.
This marks the second time Vertex has been recognized as a
Leader by an IDC MarketScape in evaluating indirect tax vendors
(doc #US43263718 JANUARY 2019).
According to the IDC MarketScape Tax Use Automation for
Enterprise, “Companies should consider Vertex if they are looking
to address a growing list of global tax determination and need
dependable cloud tax software capable of supporting critical tax
compliance and regulatory demands."
“Vertex is proud to be recognized for our SaaS-based solutions
in the IDC MarketScapes for Tax Use Automation for Enterprise, SMB
and VAT reports,” said Vertex CEO David DeStefano. “This
recognition is a testament to our leadership and deep expertise in
indirect tax and cloud technology. We continue to grow our
capabilities in the mid-market with Taxamo’s e-commerce solutions
and our new cloud-based VAT compliance platform, enabling us to
support global businesses of all sizes wherever they transact
across the end-to-end tax management process.”
Vertex differentiates itself in the industry by offering a
worldwide tax content database across specific verticals, digital
and physical goods, and addresses the complexities of the broadest
set of global businesses, commerce platforms and marketplaces.
"Global digital and tax transformation means increased tax
complexity, creating a pressing need for automated technology,"
said Kevin Permenter, IDC research director, financial
applications. "Vertex is a leader in the indirect tax space with an
enterprise client base. Recent acquisitions reflect enhanced
strengths and integrations that are purpose-built to support all
types of companies who are grappling with compliance in over 19,000
jurisdictions worldwide.”
Learn more about Vertex.
About IDC MarketScape: IDC MarketScape vendor
assessment model is designed to provide an overview of the
competitive fitness of ICT (information and communications
technology) suppliers in a given market. The research methodology
utilizes a rigorous scoring methodology based on both qualitative
and quantitative criteria that results in a single graphical
illustration of each vendor’s position within a given market. IDC
MarketScape provides a clear framework in which the product and
service offerings, capabilities and strategies, and current and
future market success factors of IT and telecommunications vendors
can be meaningfully compared. The framework also provides
technology buyers with a 360-degree assessment of the strengths and
weaknesses of current and prospective vendors.
About Vertex Vertex is a leading
global provider of indirect tax software and solutions. The
company’s mission is to deliver the most trusted tax technology
enabling global businesses to transact, comply and grow with
confidence. Vertex provides cloud-based
and on-premise solutions that can be tailored to specific
industries for major lines of indirect tax, including sales and
consumer use, value added and payroll. Headquartered in North
America, and with offices in South America and Europe, Vertex
employs over 1,200 professionals and serves companies across the
globe.
For more information, visit www.vertexinc.com or
follow on Twitter and LinkedIn.
Copyright © 2021 Vertex, Inc. All rights
reserved. The information contained herein is intended for
information purposes only, may change at any time in the future,
and is not legal or tax advice. The product direction and
potential roadmap information is not a guarantee, may not be
incorporated into any contract, and is not a commitment to deliver
any material, code, or functionality. This information should
not be relied upon in making purchasing, legal, or tax decisions.
The development, release, and timing of any features or
functionality described for Vertex’s products remains at the sole
discretion of Vertex, Inc. Any statements in this release
that are not historical facts are forward-looking statements as
defined in the U.S. Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to various risks
and uncertainties described in Vertex’s filings with the US
Securities and Exchange Commission (“SEC”) that could cause actual
results to differ materially from expectations. Vertex
cautions readers not to place undue reliance on these
forward-looking statements which Vertex has no obligation to update
and which speak only as of their dates.
Company contact:Tricia
Schafer-Petrecz Vertex,
Inc. tricia.schafer-petrecz@vertexinc.com 484.595.6142
Investor Relations contact: Ankit
Hira or Ed Yuen Solebury Trout for Vertex,
Inc. ir@vertexinc.com610.312.2890
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