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 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.
Vertex, Inc. (NASDAQ:VERX) has announced an integration of its Vertex® Lease Tax O Series® with Alfa Start, a cloud-based solution for auto leasing operations. This partnership aims to simplify tax management on lease transactions, offering clients a unified platform that automates tax calculations, reduces risks, and improves audit performance. As the automotive finance market grows, Vertex's technology enables Alfa customers to handle complex tax compliance more effectively, ensuring accuracy and visibility in operations.
Vertex, Inc. (NASDAQ: VERX) reported Q1 2021 revenues of $98.2 million, a 10.1% increase year-over-year. Software subscription revenues were $83.3 million, up 9.9%. Operating income surged to $2.1 million from a loss of $28.2 million in the prior year. Net income was $2.3 million compared to a loss of $29.1 million. The company announced the acquisition of Taxamo for $200 million to enhance its e-commerce solutions. Looking ahead, Vertex expects Q2 revenues between $99.0 million and $100.0 million. Full-year revenue guidance is set at $410 million to $414 million.
Vertex (NASDAQ: VERX) has announced its acquisition of Taxamo, a cloud-based tax automation provider for e-commerce, in a cash transaction valued at approximately $200 million. This strategic move aims to enhance Vertex's offerings and drive growth in indirect tax compliance solutions across Europe and North America. With Taxamo's capabilities, Vertex expects to expand its market presence and improve its service to existing clients, while also integrating Taxamo's solutions into its cloud portfolio.
Vertex, Inc. (NASDAQ:VERX) has announced its first quarter 2021 earnings release scheduled for May 13, 2021, before market opening. A conference call will follow at 8:30 a.m. ET the same day. Vertex's executives will also present at several upcoming investor conferences, including the Needham Technology & Media Conference on May 17 and the William Blair Growth Stock Conference on June 1. Vertex, a leader in indirect tax technology, aims to support global businesses with tax compliance through its innovative solutions.
Vertex, Inc. (NASDAQ:VERX) announces the appointment of Yvette C. Burton, Ph.D., as its first Chief People Innovation Officer, effective immediately. Burton will lead the company's global workforce strategy, focusing on inclusion and diversity. She brings over 20 years of experience in human capital strategies from esteemed institutions like Columbia University and major corporations such as Deloitte and IBM. Concurrently, Barb Dyson, the current Chief Human Resources Officer, will retire in May 2021 after a 14-year tenure, significantly contributing to Vertex's growth and transition during the pandemic.
Vertex, Inc. announced the launch of the Vertex Indirect Tax Accelerator for Oracle Cloud ERP, aimed at enhancing global tax management for its customers. This solution, hosted on Oracle Cloud Infrastructure, streamlines tax configuration adjustments, providing greater accuracy in determining U.S. sales, use tax, and VAT. The Oracle partnership emphasizes enterprise-grade performance and security, supporting customer growth and the transition to cloud technologies. Available on the Oracle Cloud Marketplace, the accelerator is set to improve operational efficiencies for businesses expanding internationally.
Vertex, Inc. (NASDAQ:VERX) has announced a strategic partnership with BigCommerce to automate sales and use tax compliance within the BigCommerce Apps Marketplace.
This partnership will enhance Vertex's integration capabilities, allowing retailers in over 150 countries to efficiently calculate taxes across various transactions. The Vertex tax solution will provide continuous updates and ensure compliance with over 19,000 global sales tax jurisdictions, helping businesses scale globally.
Vertex, Inc. (Nasdaq: VERX) announced its financial results for Q4 and full-year 2020, reporting total revenues of $99.5 million for Q4, up 15.7% year-over-year, and $374.7 million for the full year, reflecting a 16.5% increase. Software subscription revenues reached $83.9 million in Q4, while Annual Recurring Revenue stood at $316.4 million. However, net income was $0.2 million, down from $4.7 million in the prior year. The company projects Q1 2021 revenues of $94.5 million to $96.5 million and a full-year revenue forecast of $401 million to $405 million.