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ACQUIRED COMPANY
 
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Sabrix  Acquired by Thomson Reuters (2009  amount undisclosed )

12647 Alcosta Blvd 155
San Ramon, CA 94583
USA
(925)-543-0110
Website Company Summary Management Team
Management

General Management: Eric Ruud (2002)
Finance: Jeff Stephens
Technology: Mark Lawler (02/29/2008)
Customer Service: Gary L Allen
Board

Outside board: (May no longer be on the board) Tim McAdam (Trinity Ventures General Partner) Joseph L Mullen (Bottomline Technologies Chairman) William Ericson (Mohr, Davidow Ventures) Joanna Rees (VSP Capital Managing Partner)
Advisory board: Neil Rees (Agilent Technologies) Carol Rutlen (ExpatEdge President/CEO) Will Yancey (independent consultant)
Company

Business description: Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite™ serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company’s existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company’s finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation.
Customers include: AmazonCalpineCendantCisco SystemsGeneral ElectricHPMirantTektronixYahoo!York;  Albertsons;  Banfield ;  BASF;  BestBuy;  DTE Energy;  FranklinCovey;  Herbalife;  High Industries
Partners include: Ariba BEA SystemsDeloitteAndTouche LLP - MandA Transactions Services ErnstAndYoungKPMGOraclePeopleSoftPricewaterhouseCoopersSAP Labs U.S.;  Axion Solutions;  Blue Slate Solutions;  Definitive Solutions;  Rapidigm;  RIA;  Ryan ;  RyanAndCompany;  SmartAndAssociates;  Thomson InSource;  Yetter Consulting Services
Capital

Rounds: 5
Recent Fundings: Dec 2007   Jun 2006
Capital raised: 46.6M
Last Round: 4.0M
Ownership: Acquired by Thomson Reuters (2009  amount undisclosed )

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Overview
Record updated: Nov 2009
Sector: Software
Year Founded: 2000
Rounds: 5
Recent Fundings: Dec 2007   Jun 2006
Capital Raised: 46.6M
Last Round: 4.0M
Ownership: Acquired by Thomson Reuters (2009  amount undisclosed )