Thomson Reuters projects that SafeSend will generate approximately $60 million in revenue by 2025, excluding adjustments related to acquired deferred revenue. The company also anticipates that SafeSend will sustain an annual growth rate exceeding 25% in the coming years.
Andrew Hatfield, the co-founder of SafeSend, expressed his perspective on the acquisition in a statement. “Since we founded the company, we’ve focused on listening to our customers and building solutions to simplify the tax process,” he said. In a blog post published last month, Hatfield elaborated on the significant transformations currently occurring within the tax and accounting profession. He pointed to factors such as an increasingly complex regulatory environment and rapidly advancing technology as driving forces behind what he described as “one of its most significant periods of change in decades.”
Hatfield also predicted that the industry would see increased automation, the consolidation of technology platforms into “all-in-one” solutions, and a growing reliance on artificial intelligence and machine learning in the years ahead.
