The Private Equity team advised SafeSend (“SafeSend”) on their acquisition by Thomson Reuters Corporation (“Thomson Reuters”) for $600 million in cash. Thomson Reuters intends to continue to offer SafeSend as a market solution, supporting the ability to interoperate with multiple vendors across a connected tax software ecosystem.
SafeSend, a former portfolio company of Lead Edge Capital, is a United States-based cloud-native provider of technology for tax and accounting professionals. Founded in 2008, SafeSend automates the ‘last-mile’ of the tax return, including assembly, review, taxpayer e-signature, and delivery. Its software solves key pain points for customers and their clients by eliminating time-consuming manual tasks. SafeSend’s solutions are used by accounting firms of all sizes across the U.S., including 70% of the country’s top 500 firms. The company is headquartered in Michigan and has 235 employees.
Lead Edge Capital is a growth equity firm with $5 billion in assets under management investing in software, internet, and tech-enabled businesses globally.
The Goodwin team was led by Isaac Vinyarsh, Ilan Nissan, Tal Maman, Ben Fraimow, Amy Hedlund, Eric Willenbacher, and Jordan Weiss.