M&A Deal Summary

Thomson Reuters Acquires SafeSend

On January 2, 2025, Thomson Reuters acquired internet software and services company SafeSend from Lead Edge Capital for 600M USD

Acquisition Highlights
  • This is Thomson Reuters’ 6th transaction in the Internet Software and Services sector.
  • This is Thomson Reuters’ 7th largest (disclosed) transaction.
  • This is Thomson Reuters’ 34th transaction in the United States.
  • This is Thomson Reuters’ 3rd transaction in Michigan.

M&A Deal Summary
Date 2025-01-02
Target SafeSend
Sector Internet Software and Services
Buyer(s) Thomson Reuters
Sellers(s) Lead Edge Capital
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

SafeSend

Ann Arbor, Michigan, United States
SafeSend is a cloud-native provider of technology for tax and accounting professionals. The company automates the 'last-mile' of the tax return, including assembly, review, taxpayer e-signature, and delivery. Its software solves key pain points for customers and their clients by eliminating time-consuming manual tasks. SafeSend is based in Ann Arbor, Michigan.

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Buyer(S) 1

Buyer

Thomson Reuters

Toronto, Ontario, Canada
Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 6.8B USD (2023)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally incorporated in 1851 and is headquartered in Toronto, Ontario.

DEAL STATS #
Overall 58 of 58
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 51 of 51
State (Michigan) 3 of 3
Country (United States) 34 of 34
Year (2025) 1 of 1
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Materia AI

Brooklyn, New York, United States

Materia AI specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. Materia AI was founded in 2022 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Lead Edge Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $10 to $200 million. Lead Edge Capital was established in 2009 and is headquartered in New York City.

DEAL STATS #
Overall 8 of 8
Sector (Internet Software and Services) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2025) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 IGM Technology

Toronto, Ontario, Canada

IGM Technology is a cloud-based, end-to-end financial management software suite for government agencies and corporations. IGM Technology was founded in 2014 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal