Thomson Reuters Corporation, a provider of content and technology solutions, has announced its acquisition of SafeSend, a U.S.-based cloud-native company specializing in tax and accounting automation, for $600 million in cash. SafeSend, founded in 2008, streamlines the final stages of tax return processes, including assembly, review, e-signature, and delivery, addressing key inefficiencies tax professionals face. SafeSend is projected to generate $60 million in revenue by 2025, with annual growth exceeding 25%. Thomson Reuters plans to maintain SafeSend as a standalone market solution, supporting interoperability within the broader tax software ecosystem.
This acquisition aligns with Thomson Reuters’ vision to enhance efficiency for tax and accounting professionals. Elizabeth Beastrom, President of Tax, Audit, and Accounting Professionals at Thomson Reuters, emphasized the move’s importance in simplifying tax workflows amid increasing complexity. SafeSend co-founders Steve Dusablon and Andrew Hatfield highlighted the shared mission of delivering seamless tax solutions and accelerating innovation. Thomson Reuters continues to integrate advanced solutions with trusted content, empowering organizations to make informed decisions and navigate an evolving landscape.
