Sabrix, founded in 2002 and formerly an independent entity, was acquired by Thomson Reuters in 2009. It has since been integrated into Thomson Reuters ONESOURCE Indirect Tax, a solution that streamlines sales & use tax and value-added tax compliance for businesses globally. This integration marks a significant shift from Sabrix's original operations, enhancing its market reach and influence under a larger corporate umbrella.
Based in the United States, Sabrix reached a notable milestone with an $8.00M Series E investment from the Four Rivers Group on 01 May 2007. This funding played a crucial role in supporting its growth and technological advancements leading up to its acquisition. Investors may find the consolidation into ONESOURCE beneficial, as it reflects Thomson Reuters' commitment to expanding tax compliance solutions under a unified platform, promising robust and comprehensive services for clients.