Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilities
Thomson Reuters (NYSE/TSX: TRI) has acquired SafeSend for $600 million in cash. SafeSend is a US-based cloud-native technology provider for tax and accounting professionals that automates the 'last-mile' of tax returns, including assembly, review, taxpayer e-signature, and delivery. The company serves 70% of the top 500 US accounting firms and has 235 employees.
SafeSend is projected to generate approximately $60 million in revenue in 2025 and is expected to grow over 25% annually in the coming years. The acquisition aligns with Thomson Reuters' vision to advance efficiency in tax workflows and will continue to support interoperability with multiple vendors across the tax software ecosystem.
Thomson Reuters (NYSE/TSX: TRI) ha acquisito SafeSend per 600 milioni di dollari in contante. SafeSend è un fornitore di tecnologia cloud-nativa con sede negli Stati Uniti per professionisti fiscali e contabili che automatizza l'ultima fase delle dichiarazioni fiscali, compresa l'assemblaggio, la revisione, la firma elettronica del contribuente e la consegna. L'azienda serve il 70% delle prime 500 società di contabilità negli Stati Uniti e conta 235 dipendenti.
Si prevede che SafeSend genererà circa 60 milioni di dollari di fatturato nel 2025 e si attende una crescita superiore al 25% annuo nei prossimi anni. L'acquisizione si allinea con la visione di Thomson Reuters di migliorare l'efficienza nei flussi di lavoro fiscali e continuerà a supportare l'interoperabilità con più fornitori all'interno dell'ecosistema del software fiscale.
Thomson Reuters (NYSE/TSX: TRI) ha adquirido SafeSend por 600 millones de dólares en efectivo. SafeSend es un proveedor de tecnología nativa en la nube con sede en Estados Unidos para profesionales fiscales y contables que automatiza la 'última milla' de las declaraciones de impuestos, incluyendo la compilación, revisión, firma electrónica del contribuyente y entrega. La empresa atiende al 70% de las 500 principales firmas de contabilidad en EE.UU. y cuenta con 235 empleados.
Se espera que SafeSend genere aproximadamente 60 millones de dólares en ingresos en 2025 y se prevé que crezca más del 25% anualmente en los próximos años. La adquisición está alineada con la visión de Thomson Reuters de mejorar la eficiencia en los flujos de trabajo fiscales y continuará apoyando la interoperabilidad con múltiples proveedores dentro del ecosistema del software fiscal.
톰슨 로이터 (NYSE/TSX: TRI)는 세이프센드를 6억 달러에 현금으로 인수했습니다. 세이프센드는 세무 및 회계 전문가를 위한 미국 기반의 클라우드 원주율 기술 제공업체로, 세금 신고의 마지막 단계를 자동화합니다. 여기에는 조립, 검토, 납세자 전자 서명 및 배송이 포함됩니다. 이 회사는 미국의 500대 회계 법인의 70%를 고객으로 두고 있으며, 235명의 직원을 보유하고 있습니다.
세이프센드는 2025년에 약 6천만 달러의 수익을 창출할 것으로 예상되며, 향후 몇 년간 연평균 25% 이상의 성장이 예상됩니다. 이번 인수는 세무 작업의 효율성을 향상시키겠다는 톰슨 로이터의 비전과 일치하며, 세무 소프트웨어 생태계 내 여러 공급업체와의 상호 운용성을 지속적으로 지원할 것입니다.
Thomson Reuters (NYSE/TSX: TRI) a acquis SafeSend pour 600 millions de dollars en espèces. SafeSend est un fournisseur de technologie natif du cloud basé aux États-Unis pour les professionnels de la fiscalité et de la comptabilité, qui automatise la 'dernière étape' des déclarations fiscales, y compris l'assemblage, la révision, la signature électronique du contribuable et la livraison. L'entreprise sert 70% des 500 plus grands cabinets comptables américains et compte 235 employés.
On prévoit que SafeSend générera environ 60 millions de dollars de revenus en 2025 et devrait connaître une croissance de plus de 25% par an dans les prochaines années. L'acquisition s'inscrit dans la vision de Thomson Reuters d'améliorer l'efficacité des flux de travail fiscaux et continuera à soutenir l'interopérabilité avec plusieurs fournisseurs au sein de l'écosystème des logiciels fiscaux.
Thomson Reuters (NYSE/TSX: TRI) hat SafeSend für 600 Millionen Dollar in bar übernommen. SafeSend ist ein US-amerikanischer Anbieter von cloud-nativer Technologie für Steuer- und Buchhaltungsfachleute, der den 'letzten Schritt' der Steuererklärungen automatisiert, einschließlich Zusammenstellung, Überprüfung, digitale Unterschrift des Steuerzahlers und Lieferung. Das Unternehmen bedient 70% der 500 größten Buchhaltungsfirmen in den USA und beschäftigt 235 Mitarbeiter.
Es wird prognostiziert, dass SafeSend im Jahr 2025 etwa 60 Millionen Dollar Umsatz erwirtschaften wird und in den kommenden Jahren um über 25% jährlich wachsen wird. Die Übernahme steht im Einklang mit der Vision von Thomson Reuters, die Effizienz in Steuerarbeitsabläufen zu fördern, und wird weiterhin die Interoperabilität mit verschiedenen Anbietern im Steuersoftware-Ökosystem unterstützen.
- Acquisition expands market presence with 70% of top 500 US accounting firms
- Expected revenue growth exceeding 25% annually in coming years
- Strategic expansion into tax automation technology
- $60 million revenue contribution expected in 2025
- Enhances existing tax preparation workflow solutions
- Significant cash outlay of $600 million
- Integration costs and risks associated with merging operations
Insights
The
The integration of SafeSend's solutions, which are already used by
The all-cash transaction structure suggests confidence in TR's financial position and the strategic value of the acquisition. This move aligns with the industry trend toward end-to-end digital transformation in professional services.
SafeSend's cloud-native platform for automating the final stages of tax return processing addresses a critical efficiency gap in the accounting workflow. The 'last-mile' automation solution reduces manual tasks and human error risks, particularly valuable in today's digital-first environment.
The decision to maintain SafeSend as an interoperable solution within a multi-vendor ecosystem shows strategic foresight. This approach maximizes market reach while protecting existing customer relationships, regardless of their primary tax software provider. The retention of cross-platform compatibility could accelerate adoption rates and preserve SafeSend's competitive advantage in the market.
This acquisition positions Thomson Reuters to capitalize on the growing demand for automated tax solutions in the professional services sector. The timing is particularly strategic as accounting firms face increasing pressure to digitize operations and improve client experience through technology.
SafeSend's established presence in the U.S. market, particularly its strong penetration among top firms, provides TR with immediate scale in the tax automation segment. The expected growth rate exceeding
SafeSend is a
The acquisition supports Thomson Reuters vision for tax and accounting professionals, advancing efficiency in workflows for tax preparers and taxpayers across the
"The needs of our customers and their clients drive every decision we make at Thomson Reuters. This acquisition underscores our commitment to addressing the evolving challenges faced by tax professionals and taxpayers alike," said Elizabeth Beastrom, president of Tax, Audit and Accounting Professionals at Thomson Reuters. "By integrating SafeSend's innovative technology with our existing solutions, we're simplifying tax preparation workflows, and meeting the dynamic demands of businesses we serve to help them thrive in an increasingly complex tax landscape."
"Today marks an exciting new chapter for SafeSend customers," said Steve Dusablon, SafeSend co-founder. "Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution."
"Since we founded the company, we've focused on listening to our customers and building solutions to simplify the tax process," said Andrew Hatfield, SafeSend co-founder. "We are both excited to be continuing our journey with Thomson Reuters."
SafeSend is expected to generate approximately
Thomson Reuters
Thomson Reuters (NYSE / TSX: TRI) ("TR") informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS
Certain statements in this news release are forward-looking, including but not limited to the company's expectations about SafeSend's projected 2025 revenue and SafeSend's annual growth over the next few years. The words "intend", "expect" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond our company's control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.
CONTACTS
MEDIA
Kirsty Bennett Director, Customer and Product PR
+44 7786 005 128
kirsty.bennett@thomsonreuters.com
INVESTORS
Gary E. Bisbee Head of Investor Relations
+1 646 540 3249
gary.bisbee@thomsonreuters.com
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SOURCE Thomson Reuters
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