Welcome to our dedicated page for Vertex news (Ticker: VERX), a resource for investors and traders seeking the latest updates and insights on Vertex stock.
Vertex, Inc. (NASDAQ: VERX) is a global provider of indirect tax technology, and the VERX news page on Stock Titan aggregates company updates, press releases, and market-facing announcements related to its tax software business. Vertex focuses on software, content, and services that support indirect tax types such as sales and consumer use tax, value added tax, and payroll-related indirect tax, and its news flow reflects developments in these areas.
Investors and professionals following VERX can use this page to review earnings announcements and financial outlook updates, which the company typically reports through press releases and related Form 8-K filings. These items include quarterly financial results, commentary on subscription and cloud revenue trends, and information about stock repurchase authorizations and credit agreement amendments that affect capital allocation.
The Vertex news stream also highlights product and technology milestones. Recent releases describe AI-native and AI-driven tax automation solutions, such as Kintsugi powered by Vertex, as well as AI-enabled tools and integrations like the Vertex Configuration Agent for Microsoft Dynamics 365 and Vertex Accelerator for Oracle’s ERP offering. These announcements provide insight into how Vertex is embedding artificial intelligence and automation across the tax lifecycle and expanding its ecosystem relationships.
Another category of news focuses on strategic partnerships and leadership developments. Examples include expanded collaborations with CPA.com to support accounting firms’ sales tax compliance services, and leadership appointments such as the new Senior Vice President and Regional Manager of Europe and the succession of a new Chief Executive Officer and President. These items give context on Vertex’s regional strategy, governance, and long-term positioning in the indirect tax technology market.
By reviewing the VERX news page regularly, readers can track how Vertex communicates its financial performance, product evolution, AI initiatives, partnerships, and executive changes, all of which are documented in official company press releases and related filings.
Vertex, Inc. (NASDAQ: VERX) has announced its acquisition of LCR-Dixon Corporation, a leader in SAP tax intelligence solutions, enhancing its tax technology offerings. This strategic move aims to simplify tax complexities for customers using SAP systems. LCR-Dixon's PLUS tools will integrate with Vertex's tax determination software, promising improved functionality for indirect tax processes. Vertex's CEO, David DeStefano, emphasized the long-standing partnership and shared vision between the two companies, which positions Vertex to deliver enhanced value to its global customer base.
Vertex, Inc. (NASDAQ: VERX) recently announced that its Vertex® Cloud Indirect Tax solution has achieved the status of Fulfilled by Acumatica and Certified Application from Acumatica. This milestone enables Vertex to provide enhanced tax compliance solutions integrated with Acumatica’s cloud-based ERP, streamlining compliance reporting for global clients. The designation ensures the software’s compatibility with Acumatica’s current ERP release, enhancing accuracy and operational efficiency for users. Vertex is the first tax technology provider to receive this dual certification.
Vertex, Inc. (NASDAQ:VERX) released its Mid-Year Rates and Rules Report indicating a significant rise in new district sales taxes for the first half of 2021. A total of 127 new district taxes were enacted by June 30, up from 88 the previous year. In July alone, 36 new district taxes were introduced, alongside 22 new city sales taxes. Notably, city rate changes increased sharply, with 54 changes reported in July. The report highlights ongoing tax policy realignment due to pandemic-induced budget gaps, and a push towards digital taxation is anticipated.
Oracle has announced a significant boost in customer adoption of Vertex, Inc. solutions on Oracle Cloud Infrastructure (OCI), with a 35% performance increase reported. Joint customers have processed over 150 million transactions monthly, totaling over one billion transactions in 2021. This integration enhances compliance and business performance by enabling rapid tax calculations. Vertex's offerings are backed by OCI's security and scalability, promoting operational efficiency. Oracle and Vertex plan to jointly market solutions to expand their global footprint and enhance customer service.
Vertex, Inc. (VERX) reported Q2 2021 results, showing total revenues of $104.9 million, up 15% year-over-year. Cloud revenues surged by 59.5% to $32.1 million. The company achieved a net income of $0.8 million, reversing a loss of $(29.1 million) a year prior. ARR rose by 14.1% to $336.2 million, with a net revenue retention rate of 106%. However, adjusted EBITDA declined to $19.2 million from $21.5 million year-over-year. For Q3 2021, Vertex expects revenues between $104 million to $106 million, with adjusted EBITDA between $15 million to $17 million.
Vertex, Inc. (NASDAQ:VERX) announced the launch of its Cloud VAT Compliance solution, designed to facilitate compliance in a complex tax environment. This solution addresses the digitalization of value-added tax (VAT) and goods and services tax (GST) across Europe and other regions. It includes features like customizable data validation tools and workflow automation, improving accuracy and reducing liability risks. Vertex aims to support multinational companies in meeting evolving VAT regulations, enhancing global coverage and scalability.
Vertex, Inc. (NASDAQ:VERX) has announced the release date for its second quarter 2021 earnings, set for August 11, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss the results. Vertex will also participate in the Citi Global Technology Virtual Conference on September 13, 2021, and the Jefferies Software Virtual Conference on September 14, 2021. The company specializes in tax technology solutions, providing cloud-based and tailored services for indirect taxes globally.
Vertex, Inc. (NASDAQ:VERX) has launched its Taxamo Assure by Vertex solution, designed for e-commerce sellers to comply with new EU VAT regulations effective July 1, 2021. This innovative pay-as-you-go product automates VAT calculations and reporting for sales of €150 or less, relieving merchants of compliance burdens. The solution integrates seamlessly into existing e-commerce platforms, allowing sellers to focus on enhancing customer experience. Vertex aims to streamline the VAT process, offering a comprehensive solution from calculation to remittance.
Vertex, Inc. (NASDAQ:VERX) has announced its new Vertex Tax Links integration for Mirakl, enhancing compliance with the European Union's new VAT regulations effective July 1, 2021. This integration enables seamless global VAT determination for e-commerce businesses, reducing audit risks. The partnership addresses increasing tax complexities faced by companies operating in the EU, allowing them to focus on marketplace growth. The integration is expected to provide a significant advantage to businesses navigating new VAT challenges.
Vertex, Inc. (NASDAQ:VERX) announced the launch of Vertex® Indirect Tax O Series® for Coupa Software (NASDAQ:COUP), enhancing its integration with the Coupa Business Spend Management platform. This solution simplifies procurement and compliance by automating tax calculations and invoice validation. By achieving CoupaLink certification, Vertex allows users to improve visibility and control over spending while reducing integration costs. This integration addresses the growing demand for accurate tax management amidst evolving regulations.