Thomson Reuters Acquires SafeSend, Expanding Tax Automation Capabilities | PR Newswire [Video]

, /PRNewswire/ — Thomson Reuters Corporation (“Thomson Reuters”) (NYSE/TSX: TRI), a global content and technology company, today announced it has acquired cPaperless, LLC, doing business as SafeSend (“SafeSend”), for $600 million in cash. 

SafeSend is a United States-based cloud-native provider of technology for tax and accounting professionals. Founded in 2008, SafeSend 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’s solutions are used by accounting firms of all sizes across the U.S., including 70% of the country’s top 500 firms. The company is headquartered in Michigan and has 235 employees. 

The acquisition supports Thomson Reuters vision for tax and accounting professionals, advancing efficiency in workflows for tax preparers and taxpayers across the U.S. Thomson Reuters intends to continue to offer SafeSend as a market solution, supporting the ability to interoperate with multiple vendors across a connected tax …