Ryan, a global tax services and software provider, has acquired PTX Tech, an Atlanta-based property tax date and software company for an undisclosed sum.
The deal sees an extension to Ryan’s integrated software and data solutions capacity that it can offer its clients.
Through the acquisition, PTX will provide its expertise in extracting, standardizing, and incorporating assessment and tax bill data into a manageable database to Ryan’s clients.
Brint Ryan, chairman and CEO at the firm, said: “Incorporating PTX’s data into Ryan’s existing workflow process provides us with a distinct advantage in the market by offering our clients a streamlined solution to manage and minimize their property tax liability.”
PTX’s products allow customers to electronically manage their property tax records, ensuring both timely and accurate payments while reducing manual expenses.
Moreover, the group provides county-specific tax-roll data, supporting clients with benchmarking and equity comparisons.
Stephen Wicks, CEO at PTX, said: “PTX’s cutting-edge solutions serve as a valuable asset to clients in managing and mitigating their property tax bills.
“Ryan and PTX share the same vision of elevating the client experience and offering valuable, time-saving technology to clients in the property tax space.”
He added that the group’s “award-winning culture is a perfect fit” for PTX, which is “excited to join” the Ryan team.