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  6. Ebix Acquires Vertex

M&A Deal Summary

Ebix Acquires Vertex

On November 3, 2014, Ebix acquired software company Vertex

Acquisition Highlights
  • This is Ebix’s 3rd transaction in the Software sector.
  • This is Ebix’s 11th transaction in the United States.
  • This is Ebix’s 2nd transaction in Pennsylvania.
Investment Fate
  • Vertex went public in 2020.

M&A Deal Summary
Date 2014-11-03
Target Vertex
Sector Software
Buyer(s) Ebix
Deal Type Add-on Acquisition
Advisor(s) Sherman & Company (Financial)

Target

Vertex

King of Prussia, Pennsylvania, United States
Vertex is a provider of indirect tax software and solutions. The company delivers tax technology enabling global businesses to transact, comply, and grow with confidence. Vertex provides cloud-based and on-premise solutions that serve specific industries for every major line 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 1,100 professionals and serves companies across the globe. Vertex was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

Ebix

Johns Creek, Georgia, United States
Category Company
Founded 1976
Sector Internet Software and Services
Employees10,030
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Ebix's headquarters in Johns Creek, Georgia.
Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

DEAL STATS #
Overall 17 of 32
Sector: Software M&A 3 of 5
Type: Add-on Acquisition M&A Deals 16 of 26
State: Pennsylvania M&A 2 of 2
Country: United States M&A 11 of 12
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Qatarlyst

London, United Kingdom

Qatarlyst Ltd. is a provider of web-based technology solution for brokers and insurance firms to negotiate, place and accept large commercial risks electronically.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Oakstone Publishing

Birmingham, Alabama, United States

Oakstone Publishing (Birmingham, AL) is a publishing and information platform serving the medical and wellness industries.

Buy -
Mergr

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