Sovos Acquires LTtax

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.

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.

Sovos Acquires Accordance

July 7, 2020

Accounting & Tax

Sovos, a global tax software provider, has acquired Accordance, a U.K.-based VAT managed services firm headquartered in Brighton with an office in Amsterdam. The acquisition expands Sovos' managed-services capabilities and European operations to help customers navigate changing VAT rules and e-commerce VAT reforms.

Hg Leads Majority Investment in Sovos; TA Associates Joins as Minority Investor

August 20, 2020

Cloud & SaaS

Hg will lead a new majority investment in global tax software provider Sovos through its Hg Saturn 2 Fund, with TA Associates joining as a significant minority investor. The capital will support Sovos' geographic expansion, partner ecosystem growth and product/capability development as digital tax and regulatory transformation accelerates globally; terms were not disclosed and the deal was expected to close in H2 2020.

Tax Systems Acquires Loctax

October 3, 2025

Cloud & SaaS

Tax Systems, a Providence-backed global tax and accounting SaaS provider, has acquired Loctax, an AI-driven tax control centre founded in Belgium. The acquisition adds an AI-enabled tax control centre to Tax Systems' portfolio, accelerating its EMEA SaaS tax compliance strategy and expanding product capabilities across compliance, workflows and risk management.

Sovos Acquires IRIS' APAC Tax Technology (GST/ASP) Business

August 12, 2025

Software

Sovos has acquired the Tax Technology ASP business unit (APAC) from IRIS Business Services, expanding Sovos’ e-invoicing and tax compliance capabilities across the Asia Pacific and Middle East. The deal adds IRIS’ GST, notice and litigation management, tax analytics and e-way bill compliance modules into the Sovos Indirect Tax Suite and supports faster local deployment and customer transition with dedicated regional experts.