Dallas, Texas – Ryan, a leading global tax services firm with the largest indirect and property tax practices in North America, today announced the acquisition of Second Decimal, a tax technology firm with an integrated suite of tax calculation, certificate management, and workflow software applications that automate tax calculations and processes for improved efficiency, accuracy, and compliance. This acquisition will provide greater client value and results by combining innovative tax software applications backed by the Firm’s strategic tax advisory and recovery services. It also strengthens Ryan’s proprietary software development capabilities, providing a competitive advantage through an innovative approach that combines the power of tax expertise and technology. The acquisition adds a number of significant Fortune 500 relationships to Ryan’s portfolio of clients, providing additional opportunities to deliver a single-source solution of more than 45 global tax practices for improving cash flow and minimizing tax liabilities.
Second Decimal CEO, Jayme Fishman, will join Ryan as President of a newly created software division and will serve on the Firm’s Board of Directors. He will lead a team of dedicated tax and technology experts responsible for the continued development and support of the Firm’s expanding suite of software applications. He will drive the growth of Ryan’s new proprietary software offering that includes PinPoint™, a powerful sales and use tax calculation engine and data warehousing application; RatePoint™, a single-source tax application for rate lookup and monitoring needs; FilePoint™, a sales and use tax compliance system that provides access to the largest body of electronic uploads in the market for sales and use tax filings; and ControlPoint™, a certificate management system for handling and sharing purchase and/or sales exemption certificates.
“Our software applications were built by tax practitioners for tax practitioners,” said Jayme Fishman, CEO of Second Decimal. “The products and the professionals who support them are perfectly aligned with Ryan’s business model and will greatly enhance the Firm’s service offerings and value proposition.”
“Second Decimal has proven expertise in developing and enhancing powerful tax and compliance software applications for improving processes and profitability,” said G. Brint Ryan, Chairman and CEO of Ryan. “This acquisition will provide Ryan clients access to the most comprehensive, integrated tax technology and advisory offering available in the industry today.”
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 4,700 professionals and associates serves over 29,000 clients in more than 75 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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