“This acquisition underscores our commitment to addressing the evolving challenges faced by tax professionals and taxpayers alike,” said Elizabeth Beastrom, president of tax, audit, and accounting professionals at Thomson Reuters. “By integrating SafeSend’s innovative technology with our existing solutions, we’re simplifying tax preparation workflows, and meeting the dynamic demands of businesses we serve to help them thrive in an increasingly complex tax landscape.”
Steve Dusablon, SafeSend’s co-founder, expressed excitement over the acquisition. “Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution,” he said.
Andrew Hatfield, SafeSend’s other co-founder, also emphasized the company’s continued focus on simplifying the tax process for its clients. “Since we founded the company, we’ve focused on listening to our customers and building solutions to simplify the tax process,” he said. “We are both excited to be continuing our journey with Thomson Reuters.”
SafeSend is expected to generate approximately $60 million in revenue in 2025, excluding the impact of fair value adjustments to acquired deferred revenue. Thomson Reuters projects growth of more than 25% annually over the next few years.
