txtwebsvc.exe is part of a product called known as Vegas Pro and the developer is MAGIX Computer Products Intl. Co. .
If you think that this file contains a virus or another malware, please download a virus scanner.
If txtwebsvc.exe is using too much CPU or too much memory in your system, it is possible that your file has been infected with a virus. Installing an antivirus is recommended.
Not all processes can be uninstalled without the help of a 3rd party tool, especially malware. To see if it can be uninstalled, first go to Start > Control Panel > Add/Remove programs and select Vegas Pro from the list to remove the process txtwebsvc.exe from your computer.
If you have any problems with txtwebsvc.exe, you may try using a registry cleaner or a speed-up software to check, analyze, and fix problems that are affecting the performance of your computer.
You may try contacting MAGIX Computer Products Intl. Co., the developer of txtwebsvc.exe and ask for more information.