Thomson Reuters just spent $600m on a tax automation start-up

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  • SafeSend is now owned by Thomson Reuters after $600m deal
  • 70% of America’s 500 largest companies use the services
  • 25% annual growth predicted “in the next few years”

Thomson Reuters has splashed out $600 million on a company specializing in tax automation software.

The company confirmed it had acquired cPaperless LLC, which operates under the SafeSend name, as it hopes to make tax preparer and taxpayers workflowers more efficient for US customers.

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