Avalara Acquires Track1099

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 Transaction Tax Resources (TTR)

October 5, 2020

Cloud & SaaS

Avalara, Inc. (NYSE: AVLR) acquired Transaction Tax Resources, Inc. (TTR) for approximately $377 million in cash, strengthening Avalara's enterprise tax capabilities and content database. The deal brings TTR's tax research, rates database, and exemption certificate management solutions into Avalara's cloud tax automation platform and adds roughly 1,400 customers primarily in enterprise verticals.

Sovos Acquires 1099 Pro

September 7, 2021

Accounting & Tax

Sovos, a global tax software provider, has acquired California-based 1099 Pro, a provider of tax information reporting software and services. The acquisition expands Sovos' tax and regulatory reporting offerings—particularly for SMBs—by adding 1099 Pro's e-filing, TIN matching and managed services capabilities and its tens of thousands of customers.

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.

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.

Sovos Acquires Aatrix Software

January 11, 2024

Accounting & Tax

Sovos has acquired North Dakota-based Aatrix Software to expand its e-filing and payroll tax reporting capabilities for small and mid-sized businesses. The acquisition strengthens Sovos' coverage across W-2, 1099 and ACA 1095 reporting and integrates Aatrix's payroll forms and partner integrations into Sovos' compliance platform; terms were not disclosed.