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Asure Software and Vertex Announce Strategic Alliance to Expand Payroll Tax Management Reach

ASURVERX
  • Asure Software Inc. (NASDAQ: ASUR) and Vertex Inc. (NASDAQ: VERX) announced a strategic partnership to deliver an improved payroll tax calculation & compliance offering to the U.S. enterprise market.
  • The alliance combines Vertex's payroll tax calculation technology with Asure's Payroll Tax Management infrastructure for filing, remittance, W-2 processing, & agency interaction.
  • Asure gains a new distribution channel to expand its share of the U.S. payroll tax compliance market by offering Vertex's technology alongside its own compliance services.
  • The partnership establishes three commercial channels: offering combined solutions to existing Asure customers, targeting payroll & HCM provider ecosystems, & providing migration paths for enterprises modernizing infrastructure.
  • Vertex contributes nearly five decades of tax experience & cloud-based calculation capabilities covering federal, state, & local requirements in the U.S. & Canada.
  • Asure provides operational compliance infrastructure supporting over 100,000 businesses & more than two million employees nationwide.
  • Executives state the goal is to make Asure the infrastructure layer behind a larger share of U.S. payroll tax filings & tax money movement.
  • The deal represents a shift for Asure from a compliance provider to a broader end-to-end payroll tax solution provider.