Thomson Reuters Acquires SafeSend

We are excited to announce that Lead Edge Capital portfolio company, SafeSend, has been acquired by Thomson Reuters. Based in Michigan, SafeSend’s cloud-native SaaS software automates key tasks for U.S. accounting firms and taxpayers required to deliver and file a prepared return or extension. This milestone marks the beginning of an exciting new chapter for SafeSend and the countless tax and accounting professionals who rely on their innovative, end-to-end solutions every day.

“Since our partnership began in 2021, SafeSend has transformed how tax and accounting professionals work,” said Nimay Mehta, Partner at Lead Edge Capital and SafeSend Board Member. “Today’s acquisition underscores the tremendous value SafeSend has created and its potential to continue empowering professionals with the best technology to simplify workflows, improve efficiency and delight customers.”

“We’ve been proud to partner with the SafeSend team in support of their mission to redefine how tax and accounting professionals work,” said Brian Neider, Partner at Lead Edge Capital and SafeSend Board Member. “Together, we’ve worked to expand their product offerings, accelerate growth, and build a robust team that continues to push the boundaries of what’s possible in tax workflow automation.”

“From the start, we saw SafeSend as a high-growth company solving real-world problems for its customers,” said Brian Lobdell, Partner at Lead Edge Capital and SafeSend Board Member. “The growing demand for cloud-based solutions and the need to the need to digitize the end-to-end tax workflows made this an incredible opportunity. SafeSend’s vision and dedication have since earned them the trust of accounting firms nationwide, including 70% of the country’s top 500 firms.”

By joining forces with Thomson Reuters, a global leader in content and technology, SafeSend is uniquely positioned to advance its mission of simplifying tax workflows. The acquisition complements Thomson Reuters' vision to build an open, smart, and connected platform for tax and accounting professionals, aiming to improve efficiency in workflows for tax preparers and taxpayers across the U.S. With Thomson Reuters’ global reach, expertise, and resources, SafeSend will have the tools to enhance its capabilities, accelerate product development, and bring even more value to its customers.

Lead Edge Capital takes pride in backing high-growth companies like SafeSend and partnering with exceptional leadership teams to put growth into action.

Goodwin advised SafeSend and Lead Edge Capital on the deal.