Vertex (NASDAQ: VERX) is a pioneer in business tax automation and serves companies of all sizes, including 60% of the Fortune 500. The company provides and simplifies end-to-end tax compliance solutions wherever their customers conduct business, in 195 countries worldwide. Vertex is solidly profitable with adjusted EBITDA at roughly 18% on $500M+ in revenue with 84% ARR. Through global partnerships with system integrators, accounting and consulting firms and technology providers, Vertex’ssolutions are integrated with ERP, e-commerce, procurement, point-of-sale (PoS) and subscription billing companies. Their most established industry verticals are Communications, Hospitality, Leasing, Oil & Gas and Medical. In our opinion, Vertex’s solutions bring structure, discipline and industrial strength to manage complex tax environments from a single source in a fragmented industry.
