Asure and Vertex Partnership Enhances Payroll Tax Solutions, Which Represent 20% of Asure Revenue
Key Facts
Asure Software and Vertex announced a partnership on November 2, 2026, to offer an enhanced payroll tax calculation and compliance solution to the U.S. enterprise market, according to a statement by the companies published via GlobeNewswire. The agreement combines Vertex’s payroll tax calculation technology with Asure’s infrastructure for managing tax filings and remittances. This infrastructure covers tax filings and remittances and the processing of W-2 forms. It also includes managing agency notices and dealing with federal, state and local tax authorities. The statement described the partnership as designed to enhance the offering to the enterprise market, but did not cite any realized commercial impact from it.
The partnership sits within Asure’s suite of services for enterprise payroll tax and treasury management, which the company offers under the name Enterprise Tax and Treasury Solutions. Asure said in August that these solutions account for nearly 20% of its revenue. In the same month, it announced that it would begin co-selling these solutions through AWS Marketplace starting in September 2026. The company’s statement said the marketplace has 330,000 customers. This background provides context for the role of tax and treasury services in Asure’s business, while the announced agreement adds the integration of Vertex’s tax calculation technology with its operating infrastructure.
The announcement came after Asure reported on October 29 that its third-quarter 2026 revenue was $40.0 million, up 10% year over year. Recurring revenue was $36.9 million, up 16% from $31.8 million in the third quarter of 2025. In the same period, the net loss narrowed to $0.6 million from $5.4 million a year earlier. These results provide the company’s quarterly indicators alongside the partnership announcement, but do not attribute the growth or narrower loss to the agreement. The announced partnership centers on tax calculation and compliance, while the results reflect Asure’s third-quarter performance in recurring revenue, total revenue and net loss.
Asure forecast fourth-quarter 2026 revenue of between $42.0 million and $44.0 million, and set a range of between $183.0 million and $187.0 million for fiscal 2027. Its chief executive said the company expects to finish 2026 with strong performance. These figures represent Asure’s guidance for upcoming periods, against the backdrop of revenue growth reported in the third quarter. The partnership with Vertex aims to enhance the payroll tax calculation and compliance offering for the U.S. enterprise market, according to the announcement. Asure’s financial guidance does not provide an estimate of the partnership’s revenue or its contribution to those ranges.