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SUNNYVALE, CA, March 13, 2008– Liquid Engines, a leading provider of enterprise-class corporate tax management software, today announced that in 2007, the company experienced unprecedented demand for its tax management software products, as well as its tax process transformation and data management services. As a result of the increased demand, sales and services more than doubled over 2006 performance. In addition, the customer base grew in excess of 300 percent, adding blue chip brands in financial services, travel and leisure, retail, technology, and publishing. During 2007, the company also brought to market its web-based FIN 48 solution – GPM – which gained immediate traction and is widely recognized as one of the easiest-to-use and feature-rich tax accounting products available.
Liquid Engines, founded in 2000, is dedicated to empowering tax professionals to develop and manage world-class tax organizations and is a recognized leader and innovator in corporate tax technology. Armed with Liquid Engines’ solutions, tax teams are able to transform their operations by evolving from manually intensive methods to highly automated processes, from single users to collaborative problem solving, and from questionable quality to certainty in data. Today Global 1000 companies in retail, financial services, manufacturing, and other industries rely on Liquid Engines' solutions to help them increase efficiency and effectiveness, improve certainty in their decisions, and gain greater insight into potential risks and opportunities.
With continued strong demand for its existing products and services, and significant market interest in its recently announced state apportionment management solution (AMS), Liquid Engines has expanded its sales force and is actively recruiting additional tax talent. The company’s goal is to ensure that these professionals are well equipped to continue to deliver the high-quality, results-oriented services and support that Liquid Engines’ customers have come to expect.
"Our success, combined with the positive growth of the industry at large, is a clear indication that operational advancements are critical in meeting today’s imperatives to increase efficiency, accuracy, and transparency across the tax operation,” said Kristie Jones, vice president of marketing for Liquid Engines. “Our continued growth is also a testament to our ability to build great products that address real tax issues, and to provide world-class services that meet the unique needs of each of our clients.”
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