Accounting FirmsBusiness

Ryan acquires Catax

With operations in London and Vancouver, Canada, Catax has more than 100 specialists who assist clients with their tax relief claims

Ryan, the global tax services and software provider, has announced the acquisition of Catax, a research and development (R&D) and capital allowances tax reclaim specialist operating in the United Kingdom (UK) and Canada.

It said the acquisition of the Manchester, UK-headquartered company “further strengthens” Ryan’s R&D global market position, helping it to present new service offerings in the UK and expanding the Firm’s Scientific Research and Experimental Development (SR&ED) practice in Canada.

It added the acquisition is a “major milestone” for Catax, which was founded in 2009. The Catax and Ryan operations will “complement each other immediately” by broadening the services offered to existing clients.

With operations in London and Vancouver, Canada, Catax has more than 100 specialists who assist clients with their tax relief claims. Since being founded, more than 7,000 clients have benefited from more than £428M in claims, and Catax has had a 99.99% success rate on all claims over the past three years.

Chairman and CEO, G. Brint Ryan, said: “This acquisition perfectly aligns with our strategic goal of expanding Ryan’s global footprint in the research and development space.

“We’re thrilled to welcome Catax’s team of experienced professionals to our continually expanding global network. Our valued clients will benefit from Catax’s leading R&D and capital allowances tax services in the United Kingdom, Canada, and around the world.”

Mark Tighe, CEO of Catax, added: “We are delighted to be joining a global leading tax firm and are excited about the opportunities this presents, not only to our team but also to our clients.

“We’ve grown rapidly over the past 13 years by setting high benchmarks for quality of service in the UK and Canada. Everything about this acquisition points to a new and exciting chapter for us. Collectively, our knowledge and expertise is second to none, providing a unique opportunity in the rapidly evolving market for tax services and software.”

The acquisition of Catax follows Ryan’s recent acquisition of Qvalia’s value added tax (VAT) compliance and recovery business in the Nordics. Combined, these two acquisitions expand the services offered to Ryan’s clients across Europe and demonstrate Ryan’s commitment to investing on a global scale.

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