Vertex, Inc.

Vertex, Inc. engages in the provision of tax compliance software solutions. The firm offers comprehensive solutions that automate end-to-end indirect tax processes for enterprises and mid-market companies with complex tax transactions. Its software enables tax determination, data management, compliance and reporting, and document management. The company was founded by Ray Westphal and Antoinette Westphal in 1978 and is headquartered in King of Prussia, PA.

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Vertex, Inc. reports record Q4 earnings, eyes European growth

Vertex, Inc. delivered a strong performance in Q4 2022, showcasing record revenues and positive free cash flow. The company's strategic investments in technology, partnerships, and global expansion position it for continued growth. Challenges include navigating emerging technologies and evolving customer trends, while opportunities lie in Europe's growth potential and cloud adoption drivers.

Vertex, Inc. reports robust Q1 earnings, eyes growth through partnerships

Vertex, Inc. delivered strong financial performance in Q1 2023, showcasing revenue growth and strategic investments. The company's focus on partnerships, automation, and market strength positions it well for future growth. Challenges with ERP costs and pricing dynamics are being managed, while opportunities in cross-selling and cloud revenue growth are being pursued.

Vertex, Inc. reports record Q2 revenue and NRR growth

Vertex, Inc. delivered a strong Q2 performance, exceeding revenue targets and achieving record-high NRR, driven by strategic growth initiatives and strong partnerships.
While facing challenges such as increased costs and margin improvement targets, Vertex's focus on operational efficiency, customer-centric strategies, and market expansion positions it well for sustained growth.
With opportunities in ERP modernization, AI integration, and strategic partnerships, Vertex is poised to capitalize on market trends, enhance financial performance, and drive innovation-led growth.
Overall, Vertex's financial strength, operational efficiency, and strategic foresight underscore its position as a market leader in driving revenue growth and customer value.

Vertex, Inc. reports robust Q3 earnings, eyes cloud migration growth

Vertex, Inc. delivered strong Q3 results with revenue and adjusted EBITDA growth, driven by key metrics and strategic investments in new markets and products.
Challenges include managing nonrecurring CapEx spend, ensuring cash flow conversion, and addressing pricing tier impacts from customer expansions.
Opportunities lie in cloud migration, partnerships with key players like Shopify, and a focus on execution to drive operating leverage and margin performance in 2024.
Overall, Vertex's focus on customer success, innovation, and partnerships positions them well for continued growth and revenue expansion in the coming quarters.

Vertex, Inc. reports stellar Q4 results, eyes growth opportunities

Vertex, Inc. delivered a strong Q4 performance in 2023, exceeding revenue guidance and achieving significant growth in adjusted EBITDA and key metrics like ARR and NRR. The company's strategic investments and notable wins position it well for future growth.
Despite challenges like deferred revenue growth slowdown and true-ups impacting past revenue, Vertex remains confident in its trajectory. Opportunities in business changes, digital transformations, and AI investments offer avenues for sustained growth and value creation.
With a focus on R&D, partnerships with industry leaders, and a solid outlook for 2024, Vertex, Inc. is poised for continued success. The company's emphasis on organic growth, M&A potential, and margin improvement align with its commitment to long-term shareholder value.

Vertex, Inc. excels in Q1 2024, eyes growth in e-invoicing

Vertex, Inc.'s Q1 2024 performance exceeded expectations, showcasing strong revenue growth and profitability.
The company's strategic strengths lie in its market leadership, client wins, and differentiated SAP partnership.
While regulatory challenges persist, Vertex is well-positioned to capitalize on growth opportunities in e-invoicing and international markets.
Investments in AI and data management underscore Vertex's commitment to innovation and regulatory compliance.

Vertex Inc. reports robust Q2 earnings, eyes growth opportunities

Vertex Inc.'s Q2 2024 earnings call highlighted strong financial performance, strategic acquisitions, and positive customer metrics.
The company's focus on technology leadership, customer value, and revenue growth opportunities positions it for continued success.
Challenges in revenue growth expectations, market dynamics, and strategic alignment with SAP ecosystem require attention for sustained growth.

Vertex Inc. reports robust Q3 earnings and strategic growth focus

Vertex Inc.'s Q3 performance reflects strong financial results, strategic wins, and a focus on driving revenue growth and profitability.
While challenges lie in the short-term impact of the ecosio acquisition on EBITDA, Vertex's strengths in market positioning and strategy execution bode well for future success.
Opportunities abound for Vertex to capitalize on market trends, expand its customer base, and optimize synergies post-acquisition for sustained growth.

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Relationship further supports growing compliance requirements amid the rapid acceleration of e-commerce industry Relationship further supports growing compliance requirements amid the rapid acceleration of e-commerce industry

Vertex Announces Partnership with BigCommerce to Deliver Streamlined Sales Tax Compliance Solution to Retailers

Vertex's (VERX) CEO David DeStefano on Q4 2020 Results - Earnings Call Transcript

KING OF PRUSSIA, Pa., March 10, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (Nasdaq: VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced financial results for its fourth quarter and full-year ended December 31, 2020.

Vertex Announces Financial Results for Fourth Quarter and Full-Year 2020

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Vertex Energy, Inc. (VTNR) CEO Ben Cowart on Q4 2020 Results - Earnings Call Transcript

KING OF PRUSSIA, Pa., March 01, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, today announced it will release fourth quarter and full-year 2020 earnings before the market opens on March 10, 2021. A conference call to discuss its results will follow at 8:30 a.m. Eastern Time that same day.

Vertex Announces Fourth Quarter and Full-Year 2020 Earnings Release and Conference Call Date

KING OF PRUSSIA, Pa., March 01, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, is pleased to welcome Sal Visca as chief technology officer (CTO) effective immediately. He is responsible for leading the company's technology strategy, software engineering and innovation roadmap to accelerate growth.

Vertex Welcomes Sal Visca as Chief Technology Officer

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KING OF PRUSSIA, Pa., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, has released its annual report detailing sales tax rates and rules changes. The report uncovers emerging trends that may create unique challenges for businesses, specifically as jurisdictions look to make up for lost revenue caused by the ongoing COVID-19 pandemic.

Vertex Releases Annual Report Detailing Trends Around Sales Tax Rates and Rules

Vertex Pharmaceuticals issued a mixed fourth-quarter report Monday, but guided to nearly 10% growth in product sales for 2021. Still, in late action, VRTX stock tumbled.

Vertex Stock Dips On Mixed Report; Investors Eye Its Next Catalysts

BELLEVUE, Wash.--(BUSINESS WIRE)--Vertex Selects Auth0 to Help Businesses Deliver Secure Tax Solutions

Vertex Selects Auth0 to Help Businesses Deliver Secure Tax Solutions

KING OF PRUSSIA, Pa., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, announced that it has acquired Tellutax, a Portland-based edge computing technology startup. Financial terms of the transaction were not disclosed.

Vertex Acquires Edge Computing Company Tellutax to Extend its Global Leadership in Tax Technology

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Partnership and integrated tax software simplify tax compliance, creating seamless customer experience for customers Partnership and integrated tax software simplify tax compliance, creating seamless customer experience for customers

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Vertex, Inc. (VERX) CEO David DeStefano on Q3 2020 Results - Earnings Call Transcript

KING OF PRUSSIA, Pa., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Vertex, Inc. (Nasdaq: VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, today announced financial results for its third quarter ended September 30, 2020.

Vertex Announces Third Quarter 2020 Financial Results

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Vertex, Inc is a recent IPO but a very well established software company focused on tax preparation and filing. The company is positively geared towards the growth in sales taxes, expected to proliferate with the expansion of hitherto non-geographic online selling.

As Tax Complexity Rises We Move To Buy On Vertex

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Vertex Pharmaceuticals, Inc. (VRTX) CEO Reshma Kewalramani on Q3 2020 Results - Earnings Call Transcript

KING OF PRUSSIA, Pa., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Vertex , Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, today announced the date for the release of its third quarter 2020 earnings and its participation in an upcoming investor conference.

Vertex Announces Third Quarter 2020 Earnings Release and Conference Call Date; Participating in an Upcoming Investor Conference

KING OF PRUSSIA, Pa., Sept.  15, 2020  (GLOBE NEWSWIRE) -- According to Vertex Inc., (NASDAQ:VERX) (“Vertex” or the “Company”), a leading provider of tax technology and services, trends are emerging that may create unique challenges for businesses with respect to city-level taxes, specifically as locales look to make up lost revenue caused by COVID-19.

Vertex Details Trends Around Sales Tax and  Recent Spike in Local Tax Rates

Vertex, Inc. (VERX) CEO David DeStefano on Q2 2020 Results - Earnings Call Transcript

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News for Vertex, Inc. Stock (VERX)