Thomson Reuters Acquires SafeSend for $600 Million

MT Newswires Live

Jan 02, 2025

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2500920093"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2500920093\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2500920093?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-02 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2500920093","market":"nz","top_or_hot":-1,"title":"Thomson Reuters Acquires SafeSend for $600 Million","media":"MT Newswires Live","content":"<html><body><p> Thomson Reuters (TRI) acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand in tax automation.</p><p>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.</p><p>SafeSend is based Ann Arbor, Michigan, and has 235 employees.</p><p>Shares of Thomson Reuters rose 1.2% in recent Thursday trading.</p><p>Price: 162.36, Change: +1.98, Percent Change: +1.23</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thomson Reuters Acquires SafeSend for $600 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThomson Reuters Acquires SafeSend for $600 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-02 23:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Thomson Reuters (TRI) acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand in tax automation.</p><p>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.</p><p>SafeSend is based Ann Arbor, Michigan, and has 235 employees.</p><p>Shares of Thomson Reuters rose 1.2% in recent Thursday trading.</p><p>Price: 162.36, Change: +1.98, Percent Change: +1.23</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TRI.AU","symbol_name":"TRIVARX FPO","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2500920093","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500920093","pubTimestamp":1735830925,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"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 professi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TRI.AU":"TRIVARX FPO","LU1989763005.USD":"东方汇理教育基金A2 Acc","BK7094":"医疗保健技术","TRI":"汤森路透","LU1989773731.SGD":"CPR Invest - Education A2 Acc SGD-H","BK4579":"人工智能","BK4123":"调查和咨询服务"},"translate_title":"汤森路透6亿美元收购SafeSend","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRI.AU":1,"TRI":1},"content_text":"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","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}