ADP to Divest ADP Taxware

Vista Equity to help Taxware to purse its growth strategy

Reprints

Roseland, N.J. (November 6, 2012)

By Tamika Cody

ADP has agreed to sell its ADP Taxware business to Vista Equity Partners for an undisclosed amount.

Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.

ADP Taxware, which is based in Salem, N.H., provides automated solutions for sales, use and value-added tax compliance to more than 1,200 clients.

Vista Equity will assist Taxware to strengthen and expand its product offerings.

"We are impressed with the compelling value proposition the Taxware products and services offer their customers, the impressive list of marquee clients and their history of being a leader in the markets they serve," said Robert Smith, chairman and CEO of Vista Equity, in a statement.

The deal, which is subject to customary closing conditions, is expected to close by Dec. 31, 2012.

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

Follow Accounting Today

What's the Biggest Threat or Challenge Facing Accountants?

May 22, 2013

Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.

Women in Accounting: Breaking the Mold

May 21, 2013

A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.