Vertex, Inc. (NASDAQ:VERX) Q3 2023 Earnings Call Transcript

Kyle Aberasturi: Great. Thank you. And one quick one for me. So I appreciate the color on Shopify. I guess how are you guys thinking about any more or any additional type of marketplace or e-com growth in the business? Thank you.

David DeStefano: You know, we continue to work on the platforms where our customers are doing business and looking for new opportunities to expand in partnerships there. So we’re going to be — continue to be very disciplined in areas that we think open up a considerable customer base opportunity for us to bring our capabilities to bear. And Shopify clearly presented that and we’re super excited to be partnering with them. And we’ll continue to look that way. Obviously, we’ve done other platforms like Miracle and really seeing great growth there and some others. But it’s all driven by where our customers at the middle and enterprise market are doing business is where we need to be playing.

John Schwab: Terrific. I’d like to just add one thing unrelated to this matter I just wanted to point out when Alex Sklar asked the question a bit back about non-recurring CapEx spend, I answered the question with respect to the ERP spend that we had. That was the total amount of ERP spend. About 60% or 65% of that spend happened last year the other portion happened this year. So I just wanted to draw a line of clarification there. That was the total cost not just the cost in the current period. So thank you very much.

Operator: And this concludes our question-and-answer session. I would like to turn the conference back over to Joe Crivelli for some closing remarks.

Joe Crivelli: Okay. Thanks everybody for joining us today. If you have follow-up questions or if you’d like to schedule additional time with the team please send me an e-mail at ir@vertexinc.com. Have a great rest of your day and we look forward to speaking with you in the coming weeks.

Operator: The conference has now concluded. Thank you for attending today’s presentation and you may now disconnect.