Vertex Inc., a global provider of indirect tax solutions, announced that it has finalized the acquisition of ecosio, a leading B2B integration provider specializing in electronic data interchange (EDI) and electronic invoicing, as of August 30, 2024. The acquisition involves an initial cash payment of $69 million, with an additional earn-out of $76 million in cash and $35 million in Vertex shares contingent on financial performance over the next three years. Vertex President and CEO David DeStefano highlighted the acquisition’s potential to enhance the company’s electronic invoicing capabilities, which are crucial for managing VAT compliance in the complex regulatory environment faced by global businesses. Ecosio’s CEO Christoph Ebm emphasized the strategic fit and anticipated market growth stemming from the merger. Detailed financial impacts will be discussed in Vertex’s Q3 2024 financial results, scheduled for release in November.
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https://www.globenewswire.com/news-release/2024/09/05/2941030/0/fr/Vertex-finalise-l-acquisition-d-ecosio.html