Sabrix Expands into Europe with U.K. Subsidiary
Stewart Nivison Joins Sabrix as Country Manager for the United Kingdom
LONDON– February 7, 2005 — Sabrix, Inc., a leading provider of enterprise tax applications, announced today that it has opened a wholly-owned subsidiary in London, Sabrix Ltd., reinforcing the company's commitment to provide transaction tax software and services to companies across Europe. Sabrix's expansion into the United Kingdom has been driven by the growing demand for a world-class solution for VAT, GST, and U.S. sales and use tax management. The London office will be managed by Stewart Nivison, a 23-year veteran in information technology sales and service.
Sabrix is the only provider of software and services offering a consolidated approach to transaction tax management, enabling tax and IT professionals to manage compliance and optimise cash flows. Sabrix's proven transaction tax management software and tax research for more than 130 countries are already being used by a number of companies in their European operations, including Hewlett-Packard and Cisco. The new London office will provide local support and services for Sabrix's growing customer base in Europe.
"Establishing a presence in the European market is a natural evolution for Sabrix, having already implemented successful tax automation solutions for companies operating there," said Steve L. Adams, president and CEO of Sabrix. "As the only vendor with a consolidated approach to transaction tax management, we are uniquely positioned to offer European companies a solution for assessing and reporting the appropriate tax at every point in a transaction's lifecycle. Our solution enables tax and finance professionals to apply their true expertise and focus to strategic planning and optimisation of financial benefits."
Stewart Nivison will serve as country manager for the U.K. Prior to joining Sabrix, Nivison worked for a number of leading enterprise software companies and consultancies, including J.D. Edwards, CapGemini, and Whitehouse Consultants Ltd. Sabrix will offer direct sales and professional services in the U.K., working in conjunction with its global tax and finance consulting partners. "Stewart's extensive experience with financial software and his strong consulting background are a great fit for managing our U.K. operations, as well as helping our European customers automate their tax compliance with consistent accuracy, control, and efficiency," added Adams.
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