Merger to Boost Velosant Offering
Taxware and Velosant LP are to merge and operate as a single organization under the Velosant name. Both Velosant and Taxware are operating companies of eONE Global, which is majority-owned by electronic commerce and payment services provider First Data Corp. Integrating Taxware’s product offerings with those of Velosant will provide a differentiated proposition and broader set of financial supply chain automation solutions to CFOs, according to Velosant. The merged entity will continue offering Taxware software and services as solutions and the Taxware brand will continue as a product line under Velosant.