Tax Systems, a global tax and accounting software provider, has acquired Loctax, a specialist in collaborative tax, compliance, risk, and governance solutions for in-house global tax teams. This acquisition aims to advance Tax Systems’ goal of becoming EMEA’s leading SaaS tax compliance platform and accelerate its product roadmap.
Loctax is recognized for its AI-driven tax control center, designed to automate compliance processes, manage risks, and centralize data across various jurisdictions and tax types. Its platform integrates functions from monitoring filings and deadlines to workflows, business support, and reporting, utilizing AI agents to reduce manual effort. The integration of Loctax adds a solution that provides a context-aware, integrated workflow across multiple tax processes and features embedded agentic AI in practical use cases.
This move complements Tax Systems’ existing product portfolio, working towards an end-to-end platform for tax teams that offers enhanced oversight, automation, and assurance. The integration of the two companies’ cloud and AI solutions aligns with Tax Systems’ vision of ‘one platform, total control,’ promising customers greater command over their tax operations, comprehensive data visibility, and secure management of their tax functions.
Bruce Martin, CEO of Tax Systems, stated, “This acquisition is an exciting milestone for Tax Systems. Loctax has created the first true tax control center, and integrating it with our existing solutions will allow us to deliver a more comprehensive platform for tax teams. It will also significantly strengthen our market position, enabling our customers to manage their tax obligations with confidence and the advanced capabilities required. We look forward to working closely with the Loctax team.”
Stevi Frooninckx, CEO of Loctax, commented, “Joining forces with the Tax Systems team felt like a logical next step for Loctax. Our AI tax control centre can now integrate with the tax engines in the Tax Systems product portfolio, to provide end-to-end visibility and control over tax jobs like Pillar Two or the tax provision process. Together we will define the tax function of the future, and empower leading tax teams to have the highest levels of preparedness for any upcoming challenges.”
During the transition period, Loctax will continue to operate under its own brand as “a Tax Systems company,” ensuring customer continuity while leveraging the resources of Tax Systems. Loctax’s go-to-market and product teams will report into Tax Systems, maintaining customer engagement, and dedicated resources have been assigned to integrate Loctax’s platform with Tax Systems’ broader suite.
Tax Systems, backed by Providence Equity Partners and founded in 1991, provides multi-tax compliance SaaS solutions across the UK, Ireland, Europe, and the UAE. Its platforms digitize tax processes, offering insights and risk mitigation. The company works with over 42% of the FTSE 100 and 80% of top advisory firms in the UK and Ireland, with more than 30,000 tax professionals using its solutions for over 200,000 submissions annually.
Founded in Belgium in 2020 and supported by VCs including Index Ventures, Seedcamp, and NAP.vc, Loctax serves a range of customers from high-growth innovators to large enterprises. Its AI tax control center assists in-house finance and tax teams in managing global tax obligations, monitoring KPIs, and orchestrating collaboration autonomously. The platform centralizes workflows, captures legal, tax, and financial data with an audit trail, and uses AI to provide accurate answers, classify documents, extract data in multiple languages, and manage communications.
