Tax Systems Acquires Loctax

Providence Equity Partners Acquires Tax Systems from Bowmark Capital

April 1, 2025

Cloud & SaaS

Providence Equity Partners has acquired Tax Systems, a UK-based tax and accounting software provider, from Bowmark Capital. The investment will back Tax Systems’ platform expansion and product innovation—targeting new tax and regulatory compliance solutions and international growth; financial terms were not disclosed.

Bowmark-backed Tax Systems Acquires TaxModel

December 11, 2023

Cloud & SaaS

Tax Systems, backed by Bowmark Capital, has acquired TaxModel, a Netherlands-based provider of international tax compliance SaaS. The acquisition expands Tax Systems' product suite—adding tax provisioning, transfer pricing and regulatory reporting capabilities—and extends its international footprint across TaxModel's client base of 300+ organisations in 25+ countries.

Taxually Acquires LumaTax to Enter U.S. Sales & Use Tax Market

April 12, 2023

Cloud & SaaS

Taxually, a European cloud-native VAT software provider, has acquired LumaTax, a U.S.-based sales and use tax automation provider. The deal enables Taxually to enter the U.S. SUT market, expand its indirect tax product suite for enterprise and e-commerce clients, and combine engineering and tax expertise across both platforms.

TaxBit Acquires Digital-Asset Accounting Startup Tactic

January 17, 2023

Software

TaxBit has acquired Tactic, a New York–based digital asset accounting platform, to integrate Tactic's automated accounting subledger into TaxBit's Corporate Accounting Suite and expand its enterprise-grade crypto accounting capabilities. The acquisition will also establish a stronger TaxBit presence in New York; financial terms were not disclosed.

Ryan Acquires PTX Tech

March 24, 2021

Data & Analytics

Ryan, a global tax services and software provider headquartered in Dallas, Texas, has acquired PTX Tech, a property tax data and software firm based in Atlanta, Georgia. The acquisition will integrate PTX's property tax data, county-specific tax-roll information, and electronic tax-record management tools into Ryan's workflow to expand the firm's data and software capabilities for managing and minimizing clients' property tax liabilities.

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.