Thomson Reuters Corporation today
SafeSend is an Ann Arbor, Michigan-based technology company that provides tax return processing solutions. Thomson Reuters will continue to offer SafeSend as a market solution. It is expected to generate approximately $60 million in revenue in 2025, before fair value adjustments to acquired deferred revenue, and to grow more than 25% annually in the next few years.
“The needs of our customers and their clients drive every decision we make at Thomson Reuters,” Elizabeth Beastrom, president of tax, audit and accounting professionals at Thomson Reuters, said in a statement. “This acquisition underscores our commitment to addressing the evolving challenges faced by tax professionals and taxpayers alike. By integrating SafeSend’s innovative technology with our existing solutions, we’re simplifying tax preparation workflows, and meeting the dynamic demands of businesses we serve to help them thrive in an increasingly complex tax landscape.”
In October 2024, Reuters
SafeSend was founded in 2008 and has 235 employees. Its cloud-based software automates the time-consuming, manual tasks of the tax return process, such as assembly, review, taxpayer e-signature and delivery. SafeSend is used by 70% of the Top 500 U.S. firms.
“Today marks an exciting new chapter for SafeSend customers,” SafeSend co-founder Steve Dusablon said in a statement. “Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution.”
“Since we founded the company, we’ve focused on listening to our customers and building solutions to simplify the tax process,” co-founder Andrew Hatfield said, in a statement. “We are both excited to be continuing our journey with Thomson Reuters.”
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