The Globe and Mail reports in its Friday edition that Thomson Reuters has acquired tax automation software company cPaperless LLC, which does business under the SafeSend brand, in a $600-million cash deal, adding to the information and software provider's business that serves the tax and accounting industry (all figures U.S.). The Globe's James Bradshaw writes that Michigan-based SafeSend makes cloud-based software that automates the final stages of the tax filing process, including e-signatures and delivery. The company says that 70 per cent of the top-500 accounting firms in the United States use its products. Over the past two years, Thomson Reuters has been building out its tax business by making modest acquisitions to bolster its suite of products, starting with a $500-million deal for tax automation software provider SurePrep LLC in early 2023. Last October, Thomson Reuters bought U.S.-based startup Materia, which is developing an artificial-intelligence-based assistant for tax, audit and accounting professionals. Thomson Reuters chief executive officer Steve Hasker has said he expected to continue to do similar, smaller deals. The company has about $10-billion of capacity to make acquisitions through 2027.