Vertex Inc. launches Kintsugi powered by Vertex, an AI-driven tax automation solution aimed at simplifying compliance for SMBs.
Quiver AI Summary
Vertex Inc. has launched Kintsugi powered by Vertex, an AI-native tax automation solution developed in collaboration with Kintsugi, a startup focused on enhancing tax compliance for small and mid-sized businesses (SMBs). This initiative is part of Vertex's strategy to integrate AI into the tax lifecycle, providing a scalable and seamless automation experience for various compliance functions like nexus monitoring and tax calculations. The solution aims to simplify tax workflows, offering real-time visibility into liabilities and exposure, thus allowing finance teams to maintain focus on growth. Kintsugi powered by Vertex is designed to flexibly integrate with various financial systems, ensuring that businesses can leverage AI-driven tax automation regardless of their existing platforms. The collaboration is set to enhance future innovations in global compliance and other tax-related areas.
Potential Positives
- Launch of Kintsugi powered by Vertex represents a strategic advancement in Vertex's AI integration, enhancing tax compliance solutions for small and mid-sized businesses (SMBs).
- The partnership with Kintsugi positions Vertex to expand its market reach, showcasing its commitment to innovation and addressing the needs of diverse industries.
- Kintsugi powered by Vertex offers real-time tracking and visibility into tax compliance, empowering finance teams and potentially improving customer satisfaction and trust.
- Vertex's ongoing investment in next-generation tax technologies signifies its dedication to maintaining a competitive edge in the market, attracting future business opportunities.
Potential Negatives
- The press release includes a disclaimer stating that product direction and potential roadmap information are not guarantees, which may create uncertainty regarding the company's future offerings and reliability of commitments.
- The mention of reliance on forward-looking statements may suggest potential risks and uncertainties associated with the launch, indicating that expectations may not be met.
- The press release does not provide specific details on how the new AI-native solution differentiates itself from competitors in a rapidly evolving market, which could weaken its market positioning.
FAQ
What is Kintsugi powered by Vertex?
Kintsugi powered by Vertex is an AI-native tax automation solution for small and mid-sized businesses, developed with Kintsugi.
How does Kintsugi enhance tax compliance?
Kintsugi simplifies and automates tax compliance tasks such as nexus monitoring, registration, and filing through intelligent automation.
Who can benefit from Kintsugi powered by Vertex?
Small and mid-sized businesses, particularly in e-commerce and SaaS sectors, can benefit from Kintsugi’s tax automation capabilities.
What are the key features of Kintsugi powered by Vertex?
Key features include automated compliance functions, real-time dashboards, and seamless integration with various financial systems.
How does Vertex ensure accuracy in tax solutions?
Vertex uses its trusted tax engine to deliver accurate global content, ensuring compliance across different jurisdictions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VERX Insider Trading Activity
$VERX insiders have traded $VERX stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $VERX stock by insiders over the last 6 months:
- JEFFREY WESTPHAL has made 0 purchases and 3 sales selling 3,000,000 shares for an estimated $115,350,000.
- DAVID DESTEFANO (PRESIDENT & CEO) has made 0 purchases and 5 sales selling 472,531 shares for an estimated $17,677,609.
- SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL U/A OF JEFFREY R. WESTPHAL DATED OCTOBER 5, 2001 ITEM has made 0 purchases and 6 sales selling 405,000 shares for an estimated $14,786,236.
- RYAN J LEIB (Chief Accounting Officer) sold 5,755 shares for an estimated $218,690
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VERX Hedge Fund Activity
We have seen 163 institutional investors add shares of $VERX stock to their portfolio, and 120 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WASATCH ADVISORS LP added 2,498,730 shares (+inf%) to their portfolio in Q2 2025, for an estimated $88,292,624
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,429,416 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $85,843,414
- CHAMPLAIN INVESTMENT PARTNERS, LLC added 1,708,810 shares (+inf%) to their portfolio in Q2 2025, for an estimated $60,380,801
- LEGACY ADVISORS, LLC removed 1,276,297 shares (-96.4%) from their portfolio in Q2 2025, for an estimated $45,097,954
- WELLINGTON MANAGEMENT GROUP LLP added 1,223,596 shares (+inf%) to their portfolio in Q2 2025, for an estimated $43,235,764
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,077,805 shares (+inf%) to their portfolio in Q2 2025, for an estimated $38,084,239
- GENEVA CAPITAL MANAGEMENT LLC added 974,530 shares (+47.7%) to their portfolio in Q2 2025, for an estimated $34,435,017
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VERX Analyst Ratings
Wall Street analysts have issued reports on $VERX in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stephens & Co. issued a "Overweight" rating on 09/29/2025
- JMP Securities issued a "Market Outperform" rating on 08/07/2025
- Goldman Sachs issued a "Buy" rating on 08/07/2025
- Needham issued a "Buy" rating on 08/06/2025
- Piper Sandler issued a "Overweight" rating on 06/16/2025
- Morgan Stanley issued a "Overweight" rating on 04/16/2025
- DA Davidson issued a "Buy" rating on 04/14/2025
To track analyst ratings and price targets for $VERX, check out Quiver Quantitative's $VERX forecast page.
$VERX Price Targets
Multiple analysts have issued price targets for $VERX recently. We have seen 10 analysts offer price targets for $VERX in the last 6 months, with a median target of $41.5.
Here are some recent targets:
- Brett Huff from Stephens & Co. set a target price of $30.0 on 09/29/2025
- Brad Sills from B of A Securities set a target price of $34.0 on 08/08/2025
- Daniel Jester from BMO Capital set a target price of $30.0 on 08/07/2025
- Adam Hotchkiss from Goldman Sachs set a target price of $43.0 on 08/07/2025
- Patrick Walravens from JMP Securities set a target price of $50.0 on 08/07/2025
- Joshua Reilly from Needham set a target price of $40.0 on 08/06/2025
- Steven Enders from Citigroup set a target price of $40.0 on 07/16/2025
Full Release
KING OF PRUSSIA, Pa., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Vertex Inc. (NASDAQ:VERX) (“Vertex” or the “Company”), a global provider of indirect tax solutions, today announced the launch of Kintsugi powered by Vertex, a new AI-native tax automation solution developed in partnership with Kintsugi , a fast-growing startup focused on transforming tax compliance for SMB’s through intelligent automation.
This release marks a significant milestone in Vertex’s broader strategy to embed AI across the tax lifecycle, delivering scalable, seamless automation that amplifies expertise and simplifies complexity.
“Kintsugi powered by Vertex reflects our commitment to reimagining tax compliance through AI, extending our reach outside enterprise in an innovative manner,” said Chirag Patel, Chief Strategy Officer at Vertex. “Together, we’re bringing ease of use, quick time to value, and precision to tax workflows, laying the foundation for future innovations that make seamless continuous compliance achievable for companies of all sizes.”
Built to serve diverse platforms and industries, the solution automates key compliance functions including nexus monitoring, registration, product-level tax categorization, calculation, filing, and remittance. It also provides real-time dashboards for jurisdictional liability and exposure tracking, empowering finance teams with visibility and control. Powered by the Vertex tax engine, Kintsugi powered by Vertex delivers the same trusted accuracy and global content that enterprises rely on, now available in an AI-native experience built for agility and scale.
“Small and mid-sized businesses are under constant pressure to do more with less,” said Pujun Bhatnagar, CEO, Kintsugi. “Our partnership with Vertex brings together deep tax expertise and AI-native automation to deliver clarity and control, helping teams stay focused on growth while simplifying compliance. Customers can now connect with the powered by solution, with no obligation, to get real-time tracking of their nexus, giving them even greater visibility and agility.”
Kintsugi powered by Vertex is built for flexibility, designed to integrate with supported financial systems. This approach ensures that businesses can benefit from AI-powered tax automation regardless of their platform or ERP environment.
The launch is part of Vertex’s ongoing investment in next-generation tax technologies, with a roadmap that includes expanded AI capabilities for global compliance, e-invoicing, exemption certificate management, and cross-border tax logic.
For more information, click here to explore how Vertex and Kintsugi are reshaping tax automation.
About Vertex
Vertex, Inc. is a leading global provider of indirect tax solutions. The Company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries for major lines of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex empowers the world’s leading brands to simplify the complexity of continuous compliance.
For more information, visit www.vertexinc.com or follow us on X and LinkedIn .
Copyright © 2025 Vertex, Inc. All rights reserved. The information contained herein is intended for information purposes only, may change at any time in the future, and is not legal or tax advice. Any product direction and potential roadmap information is not a guarantee, may not be incorporated into any contract, and is not a commitment to deliver any material, code, or functionality. This information should not be relied upon in making purchasing, legal, or tax decisions. The development, release, and timing of any features or functionality described for Vertex’s products remains at the sole discretion of Vertex, Inc. Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in Vertex’s filings with the US Securities and Exchange Commission (“SEC) that could cause actual results to differ materially from expectations. Vertex cautions readers not to place undue reliance on these forward-looking statements which Vertex has no obligation to update and which speak only as of their dates.
About Kintsugi
Kintsugi provides an AI-powered tax automation platform that transforms complex tax management into a streamlined, automated process. By leveraging artificial intelligence and seamless integrations, Kintsugi reduces preparation time by 75% and compliance costs by 50% for e-commerce and SaaS businesses. The company offers transparent pricing, exceptional customer service, and advanced capabilities for multi-state and international tax compliance.
Learn more at www.trykintsugi.com .
Vertex Company Contacts:
Rachel Litcofsky
Manager, Public Relations
[email protected]
Joe Crivelli
VP, Investor Relations
[email protected]
Kintsugi Company Contact:
Steve Moskovitz
Head of Marketing
[email protected]