Multi-billion dollar retailer adopts Sabrix’s outsourced service to keep operating costs down, while complying with dynamic Internet sales tax mandates

SAN RAMON, CA – August 5, 2009 – Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, today announced increased demand for its transaction tax solutions despite the tough economy as evidenced by a 66 percent quarter over quarter growth in customer acquisition in Q2 2009. The company also announced that a multi-billion dollar Internet retailer has adopted Sabrix MTS™, a complete outsourced service that combines an on-demand version of the same trusted tax platform used by leading global companies, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes.

Increasingly companies are looking for both a more efficient and effective way to manage their sales and use tax compliance, a legal obligation that is only getting more costly and complex due to increasingly aggressive auditing from state tax authorities and constantly changing tax laws in the current economic downturn. Whether starting with automation through technology, or the increasingly popular approach of outsourcing the entire function (people, process and technology), companies across the board are looking to avoid the operational headaches of remaining in compliance, while cutting costs.

“We continue to see companies of all sizes adopt our solutions,” said Pam Kostka, SVP of Corporate Marketing, Sabrix. “The growing complexity of the sales and use tax process is causing the cost of compliance to skyrocket so more and more companies – including large ones – are electing to turn to an expert service provider like Sabrix.”

The news comes at the heels of a recent Saugatuck Technology research piece that reveals that SaaS adoption and deployment plans remain strong despite the economic downturn in the US and overseas. The Saugatuck report also points out that large enterprises are more likely to adopt SaaS point solutions, such as in treasury or sales/use tax (e.g., Sabrix) over core infrastructure ones.

“The recent signing of a multi-billion retailer to use Sabrix MTS, our outsourced service, adds to a growing roster of enterprise companies selecting an outsourced model over more traditional on-premise software solutions. The trend aligns with the recent findings from Saugatuck,” added Kostka. “Large companies want to eliminate expensive and redundant internal costs, while still achieving compliance with confidence, just as much as small and medium businesses.”

The company’s outsourced service, Sabrix MTS, combines an on-demand version of the same trusted tax platform used by leading global companies, combined with service from a multidisciplinary team of tax experts and SAS 70 certified processes. Customers of Sabrix MTS benefit from the millions of dollars invested in technology, security, tax content and industry proven best practices for a simple subscription price. More customer case studies and other information are available online: http://www.sabrix.com/managedtaxservice.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Headquartered in New York, Tax & Accounting has major operations in Dallas, Dexter (Michigan), London, Sydney, and Toronto, and offices in nine countries. For more information, go to http://thomsonreuters.com/products_services/taxacct/.

###
Sabrix and, Sabrix Managed Tax Service are trademarks of Thomson Reuters. All other company and product names are trademarks or registered trademarks of their respective holders.

For press inquiries:
Aimee Quemuel
Codey Communications
415-753-9005
aimee@codeycommunications.com