Vertex, Inc. acquired LCR-Dixon for $99.7 million.
September 23, 2021
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Vertex, Inc. (NasdaqGM:VERX) acquired LCR-Dixon for $99.7 million on September 22, 2021. The purchase price is subject to purchase price adjustments related to the final determination of LCR-Dixon?s cash, net working capital, and taxes as of the acquisition date. The consideration consist of $59.7 million cash paid at closing and deferred payments of $40 million to be paid in four installments of $10 million each every six-months beginning March 2022 and ending September 2023. The $59.7 million of cash paid at closing will be partially offset by $1.9 million of cash received in the acquisition resulting in net cash consideration at closing of $57.8 million. The cash consideration was funded from available cash on hand.
Vertex, Inc. (NasdaqGM:VERX) completed the acquisition of LCR-Dixon on September 22, 2021.
Vertex, Inc. is a provider of enterprise tax technology solutions. The Company operates as a solution provider of state, local and value-added tax calculation, compliance and analytics, offering software products which are sold through software license and software as a service (cloud) subscription. The Company also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. The Company offers its services to customers located throughout the United States of America and internationally. It offers a range of solutions, including tax determination, compliance and reporting, tax data management, document management, analytics and insights, pre-built integrations, industry-specific solutions, implementation services, and managed services. The Company offers various managed services, including indirect tax return preparation, filing and tax payment and notice management.
VERTEX, INC. 
