Strengthening Connections Through the ecosio Acquisition

As the pace of digital transformation accelerates, enabling connections is more important than ever. While technical connections are crucial, aligning on vision, values and approach is equally essential. Our technological collaborations ensure seamless connectivity for our customers, but it's the shared direction and goals that truly complement our efforts. 

A prime example is our commitment to deliver a comprehensive Vertex e-Invoicing solution through the acquisition of ecosio – demonstrating our dedication to integrated, intelligent, and flexible products within the Vertex Cloud Platform.  E-invoicing is a critical component for businesses operating in multiple tax jurisdictions due to the rapid emergence of new e-invoicing mandates and the digitization of indirect taxes. ecosio's advanced technological proficiencies combined with their team’s expertise will significantly enhance our capabilities in providing innovative automation for effective communication of compliant e-invoices for our customers.  

While this is a strategic move, the synergy extends beyond our solutions. Our services and philosophies complement each other, delivering exceptional value to customers. We share a vision to accelerate global commerce and foster business growth, with a strong belief in the power of good connections – both the trusted partner relationships we've built and the reliable systems integrations we've created. This acquisition strengthens our digital transformation and e-invoicing capabilities, allowing us to support customers seamlessly in the ever-changing regulatory landscape. 

By integrating our technology with ecosio, we will enable our customers to scale, innovate and meet their global compliance obligations. In fact, we have been working on that integration since February. Our combined solutions will simplify the complexities of real-time, near-real-time, and periodic indirect tax management, offering a wealth of expertise to our customers. Additionally, the ecosio Network, with its Peppol-certified exchange, significantly boosts our continuous transaction controls (CTC) capabilities, ensuring our combined solution adheres to the latest standards and regulations. 

This acquisition marks a significant step in our mission to deliver the world's most comprehensive end-to-end solutions for global businesses to transact, comply, and grow with confidence. 

At Vertex, we will continue to build connected solutions that seamlessly integrate data, content, and insights through a single cloud platform. This strategic acquirement enables our company to offer a future-proof, all-encompassing e-invoicing solution.  

Together, we look forward to empowering businesses worldwide to achieve success, while ensuring continuous compliance every step of the way.