Sabrix and Ryan & Company Announce Strategic Alliance
SAN RAMON, Calif. - May 5, 2004 — Sabrix, Inc., a leading provider of enterprise tax applications, today announced that it has formed a strategic alliance with Ryan & Company, Inc., the largest independent state and local tax consulting firm in the U.S. The strategic alliance enables Sabrix and Ryan & Company to jointly market and deliver flexible transaction tax solutions to businesses throughout the U.S.
The companies will work together to provide enterprise transaction tax solutions and consulting services that enable Fortune 1000 companies to lower the total cost of tax compliance through the centralized management of indirect taxes. Ryan & Company tax professionals are specially trained on the Sabrix Application Suite and will assure clients' unique tax needs are addressed throughout the implementation.
"Our tax technology practice provides advanced, precision tax automation and reporting solutions, specializing in the automation of complex transaction tax decisions," said G. Brint Ryan, CEO and managing partner, Ryan & Company. "The strategic alliance with Sabrix integrates our tax technology team with the developers of the Sabrix Application Suite, providing us with a powerful new tax automation solution to deliver to our clients."
"As we grow in the market, this alliance enables us to more effectively serve the unique needs of companies' sales and use tax programs," said Eric Ruud, senior vice president of sales for Sabrix. "Ryan & Company has a sophisticated implementation team with seasoned tax and system professionals that will effectively support our new joint customers."
About Ryan & Company
Ryan & Company is America's largest independent state and local tax consulting firm. Headquartered in Dallas, Texas, the firm provides a comprehensive range of state and local tax services on a multistate basis, including audit defense, tax recovery, tax decision automation, dispute resolution, and strategic planning. The Ryan & Company Tax Technology practice provides advanced transaction tax automation solutions for SAP, Baan, Oracle and other leading ERP software applications. With more than 325 professionals and associates in 14 locations throughout the United States, Ryan & Company serves many of the world's most prominent Fortune 1000 companies. For more information about Ryan & Company, visit www.ryanco.com.
About Sabrix
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, QUALCOMM, Sportsman’s Warehouse, 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. For more information, please visit www.sabrix.com.
For press inquiries:
Kurt Foeller
Foeller Communications
sabrix@foellercom.com