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Vertex, Inc. (VERX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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22.13+2.06 (+10.26%)
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Neutralpattern detected
Previous Close20.07
Open20.22
Bid0.00 x 800
Ask0.00 x 800
Day's Range20.22 - 22.50
52 Week Range20.22 - 39.71
Volume544,849
Avg. Volume335,086
Market Cap3.267B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateSep 09, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est28.88
  • Vertex Welcomes Dynamic Leader Yvette C. Burton, Ph.D. As Chief People Innovation Officer
    GlobeNewswire

    Vertex Welcomes Dynamic Leader Yvette C. Burton, Ph.D. As Chief People Innovation Officer

    Executive Leadership to Advance Company’s Global Workforce StrategyKING OF PRUSSIA, Pa., April 12, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, is honored to welcome Yvette C. Burton, Ph.D. as its first Chief People Innovation Officer, effective immediately. Dr. Burton is responsible for shaping the company’s global strategic workforce planning efforts and leading organizational programs to advance inclusion and diversity. Burton comes to Vertex from Columbia University, where she was the academic director of the school’s Human Capital Management Program. She will draw on her executive expertise, including over 20 years in high-impact human capital strategies for the media, consumer, industrial product, and defense industries, to lead and engage employees worldwide. Burton was also named to Crain's New York inaugural list of Notable LGBTQ Leaders and Executives in 2020. “We welcome Yvette and her rare combination of business, academia and community leadership experience in advancing workplace culture and employee engagement,” said Vertex CEO David DeStefano. “She is a passionate advocate, who has the vision and commitment to advance our talented team to new heights of personal growth and innovation.” As a strategy advisor and business development executive at Ernst and Young, Deloitte, IBM, and Lockheed Martin, Burton has implemented agile human capital strategies and innovative digital workforce solutions for complex business transactions and aggressive growth in the finance, media, consumer, industrial product, defense, and higher education sectors. As professor of practice emeritus, Burton designed and launched Columbia University’s School of Professional Studies Master of Science program in Human Capital Management. Burton currently serves as the designer and lead faculty for New York University’s School of Professional Studies Global Diversity Equity and Inclusion Business Certification Program. Burton is a recognized expert and has provided testimony for the Senate’s Department of Homeland Security’s efforts on the Federal adoption of Domestic Partnership Benefits for the Federal workforce and has served as a policy consultant for the White House U.S. Foreign Policy mission. She is also a partner at Deed Partners, a venture capital investment firm for non-traditional fintech start-ups. In addition, Burton served as interim CEO of the Arcus Foundation, which focuses on LGBTQ rights, social justice and conservation. “I am excited to be part of the continued evolution and commitment to the business-led, data-driven, people-powered story of market excellence here at Vertex,” said Burton. “Whether it be connecting the company’s broader communities or the trusted and resilient values that started over 40 years ago, I look forward to building on this great foundation and scaling our world-class capabilities.” Chief Human Resources Officer Barb Dyson Announces RetirementFollowing a long and distinguished career with Vertex, Chief Human Resources Officer Barb Dyson has decided to retire, effective May 2021. Dyson was responsible for the development and execution of human capital strategies in support of the overall business, helping to lay the groundwork for Vertex to go public in 2020 amid the COVID-19 global health crisis. She also played a significant role in the company’s expansion to Europe and Brazil, as well as formalized critical talent management programs for the organization. “Barb has been a trusted leader and driver of our culture and people strategy for the last 14 years, which we relied on as we easily transitioned our global workforce to remote status when the pandemic hit last year,” said DeStefano. “She’s not only an accomplished executive, but dedicated to serving the community as a Delaware County Regional Advisory Board member, mentor and “Big” for Big Brothers Big Sisters-Independence Region, one of the four supported charities in our formal Corporate Philanthropy program. I wish her all the best in her retirement - she will be greatly missed.” About VertexVertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,200 professionals and serves companies across the globe. For more information, visit www.vertexinc.com or follow on Twitter and LinkedIn. Copyright © 2021 Vertex, Inc. All rights reserved. The information contained in this press release is intended for information purposes only, may change at any time in the future, and is not legal or tax advice. Company contact: Tricia Schafer-PetreczVertex, Inc.tricia.schafer-petrecz@vertexinc.com484.595.6142 Investor Relations contact: Ankit Hira or Ed YuenSolebury Trout for Vertex, Inc.ir@vertexinc.com610.312.2890

  • Vertex Introduces Indirect Tax Accelerator for Oracle Fusion Cloud ERP
    GlobeNewswire

    Vertex Introduces Indirect Tax Accelerator for Oracle Fusion Cloud ERP

    Cloud solution simplifies global tax determination for Oracle Cloud ERP customersKING OF PRUSSIA, Pa., March 31, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions and a member of Oracle PartnerNetwork (OPN), is introducing the Vertex® Indirect Tax Accelerator for Oracle Fusion Cloud Enterprise Resource Planning (ERP). This solution is hosted on Oracle Cloud Infrastructure (OCI) to support advanced tax management worldwide. As more companies move technology applications to the cloud, Vertex continues to provide integrated SaaS offerings to manage tax and accelerate global growth. The Vertex Accelerator streamlines previously manual tasks and gives customers faster, more detailed adjustments to tax configurations and data to help businesses as they make acquisitions, introduce new products, and expand into new regions. The Vertex Accelerator also provides more granular transaction data, resulting in more accurate tax determination for businesses calculating U.S. sales and use tax and value added tax (VAT). “Our commitment to OCI and the introduction of the Vertex Accelerator represent the natural evolution of our 25-year partnership with Oracle, enabling Vertex to further differentiate its offerings and support a diverse set of customer requirements,” said Vertex Chief Revenue Officer Chris Jones. “Oracle offers the enterprise-grade performance and security our customers need to manage global tax complexity and grow their business with confidence.” Powered by Oracle Cloud, the Vertex Accelerator provides Oracle Cloud ERP customers with high-availability and load balancing to handle the most demanding enterprise workloads, as well as scalability to support global expansion. Powered by Oracle Cloud Expertise recognizes OPN members with solutions that run on Oracle Cloud. For partners earning the Powered by Oracle Cloud Expertise, this achievement offers customers confidence that the partner's application is supported by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services, as well as consistent performance. Vertex® Indirect Tax Accelerator for Oracle Cloud ERP is available in the Oracle Cloud Marketplace, where customers can search for available applications and services to find the best business solutions for their organization. For more information on the Vertex® Indirect Tax Accelerator for Oracle Cloud ERP, click here. About Oracle PartnerNetworkOracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork TrademarksOracle and Java are registered trademarks of Oracle and/or its affiliates About VertexVertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,200 professionals and serves companies across the globe. For more information, visit www.vertexinc.com or follow on Twitter and LinkedIn. Source: Vertex, Inc. Company contact:Tricia Schafer-PetreczVertex, Inc.tricia.schafer-petrecz@vertexinc.com484.595.6142 Investor Relations contact: Ankit Hira or Ed YuenSolebury Trout for Vertex, Inc.ir@vertexinc.com610.312.2890 Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in Vertex’s filings with the US Securities and Exchange Commission (SEC) that could cause actual results to differ materially from expectations. Vertex cautions readers not to place undue reliance on these forward-looking statements which Vertex has no obligation to update and which speak only as of their dates.

  • Vertex Announces Partnership with BigCommerce to Deliver Streamlined Sales Tax Compliance Solution to Retailers
    GlobeNewswire

    Vertex Announces Partnership with BigCommerce to Deliver Streamlined Sales Tax Compliance Solution to Retailers

    Relationship further supports growing compliance requirements amid the rapid acceleration of e-commerce industryKING OF PRUSSIA, Pa., March 11, 2021 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of tax technology solutions, announced a partnership with BigCommerce, a proven e-commerce leader, to deliver sales and use tax automation to the BigCommerce Apps Marketplace. The partnership further expands the network of Vertex integrations connecting tax to ERP, procurement, billing and e-commerce systems, enabling retailers to seamlessly calculate tax for every transaction. BigCommerce is an open SaaS cloud e-commerce platform that combines enterprise functionality with open-architecture and a broad application ecosystem. The integration with Vertex will empower thousands of B2B and B2C retailers across 150 countries and numerous industries who use BigCommerce with a robust sales and use tax solution, simplifying calculations, reporting and compliance. “Transaction tax is an integral part of e-commerce; however, it can be difficult to manage because of frequently changing and complex requirements,” said Chris Jones, chief revenue officer at Vertex. “With the Vertex tax solution, BigCommerce retailers gain access to powerful technology for calculations and reporting, as well as the most up-to-date tax data, enabling them to scale global operations with confidence.” In addition to streamlining compliance, Vertex also connects tax data to other business functions, such as procurement and the supply chain, optimizing resources and enabling strategic growth. “Our partnership with Vertex further illustrates our commitment to providing merchants access to the highest-caliber technologies available in the industry,” said Russell Klein, chief commercial officer for BigCommerce. “Vertex shares our desire to help merchants sell more products in more jurisdictions and easily scale to maximize success. We look forward to working together to mutually support our customers as tax complexity continues to become more complex across the globe.” The Vertex sales and use tax solution streamlines tax compliance as retailers add functions, locations and channels and provides continuously updated tax content across more than 19,000 global sales tax jurisdictions to ensure more accurate results. Vertex solutions connect to multiple business systems and provide a consistent view of tax across an organization. To learn more about the Vertex and BigCommerce partnership, click here: http://vrtx.tax/GGhV30rsojf About BigCommerce BigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. As a leading open SaaS solution, BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 150 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, S.C. Johnson, Skullcandy, Sony, Vodafone and Woolrich. Headquartered in Austin, BigCommerce has offices in San Francisco, Sydney and London. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook. BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners. About Vertex Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,200 professionals and serves companies across the globe. For more information, visit www.vertexinc.com or follow on Twitter and LinkedIn. Copyright © 2021 Vertex, Inc. All rights reserved. Company contact: Tricia Schafer-PetreczVertex, Inc.tricia.schafer-petrecz@vertexinc.com484.595.6142 Investor Relations contact: Ankit Hira or Ed YuenSolebury Trout for Vertex, Inc.ir@vertexinc.com610.312.2890