Vertex, Inc. Acquires ecosio
August 7, 2024
Vertex, Inc. is acquiring ecosio, an Austria-based cloud provider of e-invoicing and EDI solutions, to integrate ecosio's global network into Vertex's indirect tax and compliance platform. The deal includes $69 million upfront plus contingent earn-outs and equity, and is expected to close after customary Austrian regulatory approvals with the acquisition expanding Vertex's capabilities in continuous transaction controls and e-invoicing compliance.
- Buyers
- Vertex, Inc.
- Targets
- ecosio
- Industry
- Cloud & SaaS
- Location
- Vienna, Austria
- Transaction Type
- Buyout
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