Kerry based Taxamo bought for $200m

A Kerry provider of cloud-based tax and payment automation software has been bought by a US firm for $200m.

The all-cash deal will see Killorglin headquartered Taxamo taken over by Philadelphia based Vertex.

"We are extremely proud of the company we've built over the past 10 years, and I am excited to join such a recognized, trusted leader in tax technology," said Taxamo founder and CEO, John McCarthy.

"Taxamo is based on a vision that as the global economy grows, more companies will need to pay more taxes in more countries."

"This causes challenges for both business and government, and it is these challenges that we have sought to understand and craft innovative solutions for."

Mr. McCarthy will join Vertex in a senior leadership role overseeing the company’s global e-commerce and marketplace strategy.

Taxamo has built a single platform to support indirect tax compliance, with a focus on online sales, payments, and e-invoicing.

Among its customers are SurveyMonkey, Udemy, Ubisfot and Shutterstock.
"We are incredibly excited to bring these new end-to-end solutions to our customers and partners around the world," said Vertex CEO David DeStefano.