Thomson Reuters, a global source of intelligent information for businesses and professionals, has announced that its Tax & Accounting business has signed a definitive agreement to acquire Sabrix, a global provider of transaction tax management software applications and related services.
“This acquisition fulfills our vision of delivering a comprehensive global solution for corporations in the area of transaction tax, especially companies with a multinational presence” Roy Martin, president and CEO of Tax & Accounting, said in a prepared statement. “Sabrix offerings, which cover rates and rules for 170 countries, will be integrated with our existing local transaction tax software and services to form a total solution for corporate customers in the U.S., the U.K., and Europe.”
