Vertex® Acquires Leading Global Tax Accounting Solution

Vertex Inc., a leading provider of global tax technology solutions, today announced the purchase of Levyti Consulting LLC´s Global Tax Office (GTO), an enterprise tax accounting system designed to support both the decentralized and centralized computation and recording of global tax provisions in compliance with the internal control standards of Sarbanes–Oxley, Euro–SOX and Canadian MI 52–109.

"GTO is the only truly global tax accounting solution that addresses both interim and year–end provisioning on the market today," said Jeff Westphal, President and CEO of Vertex. "With GTO and our integrated income tax provision and compliance solutions, Vertex now offers the most comprehensive suite of global income tax solutions in the industry."

Architected to meet the demanding tax workflow and data collection challenges confronting multi–national tax functions, GTO is currently being used by some of the world´s largest companies to successfully meet the rigorous internal control standards and tighter close timelines being imposed on tax departments.

"GTO was developed for use by major global corporations, but has the ability to scale to any corporation in need of an integrated global provision and compliance solution," said John Fayer, co–founder of Levyti Consulting. "Vertex has the technical prowess and ERP relationships to take GTO to the next level in terms of providing a complete end–to–end income tax accounting solution scalable across all market segments," adds Steve Martucci, a Levyti Managing Director and client service leader.

Built on a 100% Web–based architecture and supported by an enterprise class database, the GTO platform is designed to support the integration of the global tax compliance, controversy, and tax planning processes into a single portal. This portal provides secure access to approved internal and external users and suppliers of the tax data and enables true tax process transformation.

"The tax provision process is a quarterly, enterprise–wide problem requiring both tax expert and non–tax expert support," said Bob Norton, Chief Income Tax Officer of Vertex. "By addressing APB 28 interim and FAS 109/IAS12 year–end provisioning and automating tax account reconciliations, GTO sets a new standard for provisioning technology."

ABOUT VERTEX

With 30 years of experience, Vertex is the leading provider of advanced tax technology solutions, delivering technology solutions and process management services to customers worldwide.

Vertex solutions help companies streamline and integrate tax provision and compliance processes, and leverage information to discover new strategic tax savings across every major line of business tax, including income, sales, consumer use, value added, communications, and payroll.

Founded in 1978, Vertex is a privately held company that employs over 600 professionals at its headquarters in the U.S. (Berwyn, Pa.) and its offices in Europe (London), Atlanta, Dallas, Phoenix, Sarasota, and Washington, DC.

For more information about Vertex, visit the Web site at www.vertexinc.com.

ABOUT LEVYTI

Levyti Consulting LLC is a privately held boutique tax advisory firm serving clients on a global basis. Founded by former Big 4 tax consultants to assist clients in meeting complex business and regulatory challenges, Levyti is capable of providing a full range of operational solutions and advisory services to tax functions.

By limiting its services to operational advisory services, Levyti is not subject to service restrictions that the Sarbanes Oxley Act of 2002 and is capable of providing its clients with a complete range of objective and independent advisory, operational and technology integration services tailored specifically to their complex needs.

Founded in 2005, Levyti is headquartered in McLean, VA and has affiliate offices across the country supporting its Fortune 500 client base. For more information about Levyti, visit their web site at www.levyti.com.