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

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 LTtax

December 8, 2020

Software

Sovos, a Boston-based global tax software provider, has acquired LTtax, a New York–based payroll withholding and unemployment tax software provider that serves large retailers, financial institutions and insurers. The deal brings LTtax's automated wage withholding capabilities into Sovos' tax information reporting suite, enabling Sovos to support payroll wage withholding (941 series) while strengthening non-wage withholding automation for 945 and 1042 reporting; terms were not disclosed.

IRIS Software Group Acquires Thomson Reuters myPay Solutions

October 26, 2022

Accounting & Tax

IRIS Software Group has acquired Thomson Reuters myPay Solutions to expand its CPA-focused payroll and tax services in the Americas. The deal adds outsourced payroll processing, banking and tax reporting capabilities—serving CPA firms and their SMB clients across the United States—to IRIS' existing accountancy and payroll portfolio.

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.

IRIS Software Group Acquires AccountantsWorld

December 30, 2021

Cloud & SaaS

IRIS Software Group has acquired AccountantsWorld, a New York–based provider of cloud accounting, payroll and practice-management solutions for CPA firms, to expand IRIS's footprint in North America. The deal integrates AccountantsWorld's suite into IRIS's accountancy portfolio to accelerate Client Accounting Services (CAS) offerings and broaden capabilities for North American accounting firms.

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.