Avalara Acquires Transaction Tax Resources (TTR)

Avalara Acquires Track1099

October 1, 2021

Cloud & SaaS

Avalara (NYSE: AVLR) has acquired Track1099 LLC, a provider of online 1099, W-2 and other IRS form e-filing and delivery software, adding Track1099's technology, content and team to Avalara's compliance platform. Financial terms were not disclosed; Track1099 supported more than 40,000 customers in tax year 2020. The deal expands Avalara’s compliance document management capabilities ahead of changing federal/state e-filing requirements.

Vista Equity Partners Acquires Avalara

October 19, 2022

Cloud & SaaS

Vista Equity Partners completed a $93.50-per-share cash acquisition of Avalara, Inc., a cloud-based tax compliance software provider, in an all-cash buyout. The transaction takes Avalara private and will enable the company to accelerate product innovation and global expansion with Vista's software-focused operating expertise.

Avalara Acquires Operational Assets of DAVO Technologies

April 20, 2021

Cloud & SaaS

Avalara acquired the operational assets of DAVO Technologies LLC to expand its cloud-based sales tax compliance offerings for small businesses. DAVO's POS-integrated solution, which supports more than 4,000 small merchants, will be integrated into Avalara's broader tax compliance platform; financial terms were not disclosed.

Experian Acquires Tax Credit Co. from VSS Capital Partners

April 1, 2021

Accounting & Tax

Experian acquired Tax Credit Co. (TCC), a national provider of tax incentive and employment verification technology-enabled services, from VSS Capital Partners. The acquisition supports Experian's newly formed Employer Services business and brings TCC's WOTC, VOE, R&D and other incentives capabilities into Experian's employer-focused offerings.

Avalara Acquires CrowdReason and Valuation Advisory Assets from CorrelationAdvisors

October 18, 2021

Cloud & SaaS

Avalara (NYSE: AVLR) has acquired the assets of CrowdReason LLC, a developer of SaaS-based property tax compliance applications, along with a related property valuation and advisory business from CorrelationAdvisors LLC. The asset purchases add property-tax-focused software, a large assessor-content database, and valuation/advisory capabilities to Avalara’s tax compliance platform; financial terms were not disclosed.

Travelers Acquires Trōv Technology Assets

February 23, 2022

Software

The Travelers Companies, Inc. acquired the technology assets of insurtech Trōv, with most of Trōv's team joining Travelers. The technology and team will be integrated into Travelers' Personal Insurance segment to accelerate digital and embedded insurance capabilities; terms were not disclosed.