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Thomson Buying SurePrep for $500M

 DollarsThomson Reuters is acquiring SurePrep for $500 million in cash. The deal is expected to close in the first quarter of 2023.

Based in Irvine, Calif., SurePrep markets software for tax offices, including 1040 SCAN. It was founded by CEO David Wyle, who also founded the former ePace Software. That organization was purchased by CCH Inc. (now part of Wolters Kluwer), which renamed its product ProSystem fx Engagement.

1040Scan is a scan and populate package that is designed to capture information from source documents and export that data to tax preparation software package.  The company’s other core products are Spbinder, workpaper management software for tax preparation, and TaxCaddy, a client tax portal for uploading documents.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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