“This acquisition underscores our dedication to addressing the evolving challenges confronted by tax professionals and taxpayers alike,” mentioned Elizabeth Beastrom, president of tax, audit, and accounting professionals at Thomson Reuters. “By integrating SafeSend’s modern expertise with our present options, we’re simplifying tax preparation workflows, and assembly the dynamic calls for of companies we serve to assist them thrive in an more and more advanced tax panorama.”
Steve Dusablon, SafeSend’s co-founder, expressed pleasure over the acquisition. “Turning into part of Thomson Reuters will allow us to speed up product growth efforts and understand our shared imaginative and prescient of an end-to-end tax workflow answer,” he mentioned.
Andrew Hatfield, SafeSend’s different co-founder, additionally emphasised the corporate’s continued concentrate on simplifying the tax course of for its purchasers. “Since we based the corporate, we’ve targeted on listening to our clients and constructing options to simplify the tax course of,” he mentioned. “We’re each excited to be persevering with our journey with Thomson Reuters.”
SafeSend is anticipated to generate roughly $60 million in income in 2025, excluding the impression of honest worth changes to acquired deferred income. Thomson Reuters initiatives development of greater than 25% yearly over the following few years.