Vertex, Inc.

Asure Software and Vertex Announce Strategic Alliance to Expand Payroll Tax Management Reach

Asure Software and Vertex announced a strategic partnership combining Vertex's payroll tax calculation technology with Asure's Payroll Tax Management filing, remittance and compliance infrastructure for the U.S. enterprise market. For Asure, the alliance opens new distribution channels — selling its PTM alongside Vertex's calculation engine to its own customers and to payroll/HCM providers — and positions the company as an end-to-end payroll tax solution rather than a standalone compliance provider. Asure says its PTM infrastructure currently supports more than 100,000 businesses and over two million employees; no financial terms of the deal were disclosed.

•2d ago

Vertex Introduces Vertex Sōl™, a Connected, AI-Powered Tax and Compliance Experience

Vertex introduced Vertex Sol, a connected AI-powered tax and compliance experience that ties tax decisions to each transaction across determination, e-invoicing, reporting, and audit defense. The platform is powered by Vertex Intelligence and supports graduated levels of AI trust with human oversight; a Vertex-commissioned survey of 402 decision makers found 81% want full visibility and override ability before adopting AI in compliance. The launch strengthens Vertex's product roadmap among its customer base that includes more than 60% of the Fortune 500, though no financial impact or revenue figures were disclosed.

•9d ago

Vertex Delivers Enhanced Value to Customers with Vertex O Series Tax Engine for Oracle Deployed on Oracle Cloud

Vertex announced its O Series Tax Engine for Oracle achieved the Oracle Validated: Oracle Cloud Infrastructure Expertise designation and is now available on Oracle Marketplace. In the first seven months post-implementation, customers processed more than 150 million transactions per month on OCI, surpassing one billion total transactions. The validation deepens Vertex's Oracle partnership and expands its distribution channel for indirect tax compliance, though no revenue figures were disclosed.

•20d ago

Vertex Report: Rising Sales Tax Rates Signal a New Era of Tax Volatility

Vertex published its 2026 Mid-Year U.S. Sales Tax Rates and Rules Report, noting that the combined average U.S. sales tax rate rose to a 10-year high of 10.1881%. The report highlights accelerating local tax activity and shifting fiscal policies that are increasing the complexity of indirect tax compliance for businesses globally. Vertex suggests that these trends necessitate more agile tax systems, positioning the company's automation and intelligence solutions as critical tools for managing the evolving regulatory landscape.

•2mo ago

Vertex Expands Leadership Team to Power the Next Chapter of Growth

Vertex appointed three new executives to its leadership team: Chatelle Lynch as Chief People Officer, Carlos Mercuriali as SVP of Europe, and Bala Chandran as Chief Product and Technology Officer. The hires are intended to strengthen the company's global growth strategy, with Lynch focusing on talent, Mercuriali on European regional operations, and Chandran on the AI-first technology transformation. These additions follow recent appointments of a CMO and COO, aiming to enhance Vertex's execution and innovation capabilities in the tax compliance market.

•3mo ago

Vertex Announces Second Quarter 2026 Financial Results 

Vertex reported Q2 revenue of $204.0 million, up 10.5% year-over-year, reaching the high end of company guidance. The company achieved GAAP net income of $9.0 million, reversing a prior year loss, while Adjusted EBITDA grew 33% to $51.0 million with a 25.0% margin. Cloud revenue surged 17.9% to $101.7 million, driving ARR to $703.4 million, and management raised the full-year Adjusted EBITDA outlook to a range of $206.0 million to $210.0 million.

•3mo ago

New Vertex Research Signals a Turning Point for Indirect Tax and Compliance: The Rise of Decision-to-Defense

Vertex released new research titled 'Decision-to-Defense,' arguing that indirect tax has evolved into a real-time, board-level discipline necessary to navigate 'Defensibility Drift' and 'CompOps Drag.' The survey of over 2,100 enterprise leaders found that 80% require significant manual effort for audit readiness and that one in three US enterprises estimate leaving over $1M on the table annually due to compliance uncertainty. Vertex frames its solution around four pillars—Determine, Prove, Defend, and Improve—aiming to turn compliance from a back-office cost into a source of strategic growth.

•3mo ago

Vertex Announces First Quarter 2026 Financial Results

Vertex reported Q1 revenue of $196.6 million, up 11.1% year-over-year, with Adjusted EBITDA of $44.1 million and a margin of 22.4%, both exceeding the high end of guidance. Management raised full-year 2026 Adjusted EBITDA guidance to $202.0–$208.0 million, driven by a new Value Creation Plan expected to deliver $60–$70 million in annualized cash savings beginning in 2027. The company also announced the acquisition of Brinta, an AI-first e-invoicing startup in Latin America, to expand its country coverage and AI-native architecture.

•5mo ago