SOURCE: Sabrix, Inc.

September 10, 2008 11:50 ET

Sabrix Named to Inc. 5000 List of Fastest Growing Private Companies

120% Quarter-Over-Quarter Growth in Small and Mid-Market Service Complements Global Adoption of Sabrix Application Suite in Enterprise Market to Fuel Growth

SAN RAMON, CA--(Marketwire - September 10, 2008) - Sabrix, Inc., a leading provider of transaction tax management for companies of all sizes, announced today it has been named to Inc. Magazine's Inc. 5000 list of the fastest growing private companies. The Inc. 5000, an extension of the Inc. 500 list, recognizes a broader range of companies that have achieved significant growth from 2004 through 2007. During that period, Sabrix achieved a 329% growth rate.

Founded in 2000, Sabrix, Inc. is the leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, value-added tax (VAT), excise tax, and other international and industry-specific taxes and fees. The Sabrix Application Suite, the company's flagship solution for Global 2000 enterprises, has been widely adopted by some of the world's largest organizations including 4 out of the 5 world's largest companies in the Fortune Global 500. Recent notable customer additions include leading oil, gas, and petrochemical companies, one of the world's largest discount retailers, and a high ranking wireless communication service provider. In 2007, Sabrix introduced the Sabrix Managed Tax Service, an outsourced sales and use tax compliance service focused on addressing the underserved small- and mid-sized market. The rapid market adoption of Sabrix MTS in a new market, reflected in its recent 120% quarter-over-quarter growth, helped fuel Sabrix's growth and inclusion in the Inc. 5000. Combined, Sabrix's trusted tax solutions currently power the transaction tax compliance for over $1.7 trillion in customer revenue.

"Transaction tax compliance is a mission critical, financial process for companies of all sizes," says Steve L. Adams, CEO of Sabrix. "Over the past six plus years, Sabrix has established itself as a trusted brand in tax, providing leading edge technology, timely and accurate tax content, and tax expertise to enable companies to achieve compliance with confidence. We are pleased to be recognized as part of the Inc. 5000, and we want to thank our customers and partners and to recognize our own employees' commitment to delivering trusted tax solutions for a global economy."

"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."

About Sabrix

Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Application Suite serves global enterprises such as Amazon.com, BASF, Cisco, DTE Energy, IBM, QUALCOMM, Sportsman's Warehouse, and York International. The Sabrix Application Suite seamlessly connects to all financial applications requiring the determination, calculation, and recording of transaction taxes. The company also offers the Sabrix Managed Tax Service™ (MTS), an outsourced transaction tax compliance service that helps finance departments of small-and-medium-sized businesses eliminate the hassle, control their audit exposure, and reduce the total cost of sales tax, use tax, and VAT compliance. Sabrix MTS seamlessly integrates with a company's existing accounting and e-commerce systems, and, similar to outsourced payroll services, operates as a trusted extension of a company's finance department to address tax compliance from start to finish: address validation, tax rate maintenance, tax determination and calculation, returns preparation and filing as well as audit research and documentation. For more information, please visit www.sabrix.com.

Sabrix, Sabrix Managed Tax Service, and Consolidated Transaction Tax Management are trademarks of Sabrix, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.

Contact Information

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