The Toronto-based media conglomerate announced Friday that it has agreed to buy the U.S.-based tax automation software company for $500 million in cash. The deal is expected to close in the first quarter of 2023. (The Logic)
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The Toronto-based media conglomerate announced Friday that it has agreed to buy the U.S.-based tax automation software company for $500 million in cash. The deal is expected to close in the first quarter of 2023. (The Logic)
Talking point: SurePrep helps accountants prepare individual U.S. income tax returns for their clients by automatically extracting data from documents into tax compliance software using artificial intelligence. Thomson Reuters has been focusing on strengthening its business information services, geared towards legal, tax, accounting and compliance professionals. The two companies have partnered since April, and the deal follows Thomson Reuters’s acquisition of a Brazil-based accounting automation software firm, Gestta Technology, earlier this year.
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