Thomson Reuters Acquires SafeSend for $600 Million

MT Newswires Live

2025/01/02

Thomson Reuters (TRI) acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand in tax automation.

SafeSend, a cloud-native technology provider for tax and accounting professionals. is expected to generate revenue of $60 million in 2025 before fair value adjustments to acquired deferred revenue and to post annual growth of 25% in the next few years, Thomson Reuters said Thursday in a statement.

SafeSend is based Ann Arbor, Michigan, and has 235 employees.

Shares of Thomson Reuters rose 1.2% in recent Thursday trading.

Price: 162.36, Change: +1.98, Percent Change: +1.23

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