4/07/09

SpeedTax and StrikeIron Partner to Provide Seamless e-Commerce Sales Tax Solutions

Katie Evans , Managing Editor, International Research

Real-time, automated sales tax calculation ensures consistent and accurate compliance with each taxing jurisdiction’s unique requirements

Laguna Hills, Calif. -- April 6, 2009 - SpeedTax, Inc., a provider of Software-as-a-Service (SaaS), fully-automated sales tax management solutions, and StrikeIron, a company offering an on-demand Web-based infrastructure to deliver business data to any Internet-connected system, have partnered to deliver SpeedTax solutions to StrikeIron’s e-commerce customers.

The SpeedTax Sales Tax Web Service provides real-time, automated sales tax calculation based on a delivery address, jurisdiction and tax classification category. In addition, SpeedTax will validate and standardize any customer’s address via jurisdiction mapping to the rooftop level, providing the most precise, detailed address information available.

The SpeedTax Sales Tax Web service integrates with a business’s financial, e-commerce system or shopping cart, providing FIPS, name, and sales tax determined by an address and the items’ specific tax category. Based on an address and tax classification, the SpeedTax Sales Tax Web service provides tracking of tax holidays, ship from and ship to address, tax category, combined sales tax rate, and jurisdictions and individual jurisdiction sales tax rate.

“With the SpeedTax Web Service from StrikeIron, companies can effectively outsource the most time-consuming and tedious elements of sales tax compliance – changing jurisdictions, constant tax rate changes and nexus rules – while simultaneously minimizing the risk associated with a sales tax audit,” said Anton Donde, SpeedTax CEO. “Our alliance with StrikeIron gives e-commerce customers fast, reliable access to a true outsourced sales tax solution.”

“We are excited to partner with SpeedTax to deliver efficient, reliable, cost-effective tax solutions for integration via Web service,” says Richard Holcomb, CEO of StrikeIron. “Our customers want comprehensive e-commerce solutions that simplify the buying process and seamlessly deliver a granular level of data effectively managing sales tax compliance. The SpeedTax on-demand sales tax solution provides the necessary data to achieve this and takes e-commerce sites to the next level.”

The SpeedTax Sales Tax Web Service from StrikeIron can be easily integrated with a customer’s financial, e-commerce system or shopping cart, and is available immediately at www.strikeiron.com

About SpeedTax:

A Software-as-a-Service (SaaS) solution, SpeedTax performs real-time, automated sales tax calculations, integrates seamlessly with its customers’ financial or e-commerce systems, and provides automatic returns preparation and filing, while enabling reporting, treasury management and audit defense with sophisticated, web-based compliance management and reporting tools.

Headquartered in Laguna Hills, California, SpeedTax was founded on the premise that businesses of all sizes should be able to confidently, accurately and affordably outsource the most tedious, repetitious and time-consuming aspects of sales tax compliance – researching, calculating, posting, reporting and remitting sales taxes – while simultaneously acquiring the ability to better manage their business via online, real-time access to sales tax data. For more information, visit www.speedtax.com.

About StrikeIron:

StrikeIron is the leader in providing innovative solutions for delivering data over the Internet via Web services. Business users, application developers and enterprise IT professionals are able customize and integrate external data sources and additional external functionality from StrikeIron into enterprise, Web, and composite applications. The company provides a technology platform, micro-transaction management and a consistent interface across many XML-based Web services from multiple and diverse sources. Currently, StrikeIron offers live data sources and business functions from organizations such as Cortera, Gale, MapQuest, Midnight Trader, Tax Data Systems, and Zacks.

StrikeIron delivers value to over 1,600 customers and partners such as Avaya, BEA, Delivery.com, IBM, Honda Europe, Siemens, Nike, Swarovski, ShoeBuy, and Exclusive Resorts. For more information, visit www.strikeiron.com.

Media Contacts:

Brian Austin

Director of Public Relations

SpeedTax

949.215.1177 (Office)

707.799.9838 (Mobile)

brianaustin@speedtax.com

Christina Spillars
StrikeIron, Inc.

919.467.4545 x135

christina.spillars@strikeiron.com

Topics:

Avalara, Sales Tax Management Services, sales taxes, SpeedTax, Tax

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