Vertex Acquires Artificial Intelligence Tax Capabilities from Ryan, LLC, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Vertex, Inc. (NASDAQ:VERX) has acquired tax-specific AI capabilities from Ryan, LLC to enhance its tax technology solutions. The financial terms of the deal were not disclosed.

June 12, 2024 | 11:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Vertex, Inc. has acquired AI tax capabilities from Ryan, LLC to enhance its tax technology solutions. This acquisition is expected to improve Vertex's ability to manage tax mapping complexities.
The acquisition of AI tax capabilities is likely to enhance Vertex's product offerings and improve its competitive position in the tax technology market. This positive development is expected to have a favorable impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100