Avalara, Inc., a Bainbridge Island, WA-based provider of cloud-based software delivering compliance solutions related to sales tax, VAT and other transactional taxes, acquired VATLive.com, a global online resource for timely tax news, insight, and rate changes.
The amount of the deal was not disclosed.
The acquisition of VATLive.com will allow Avalara to expand its global reach. The company already serves the market with its existing TaxRates.com portal, which provides all businesses with a free online tool and downloadable tax rate data to help navigate the complexities of U.S. sales tax.
Led by Scott McFarlane, Founder and CEO, Avalara currently maintains one of the largest libraries of statutory sales tax and VAT content, enabling tax decisions on millions of products in multiple industries worldwide. In addition to providing manual lookup services, the company provides a variety of automated and fully outsourced tax management solutions to thousands of businesses across the globe.
Avalara is backed by venture capital investors including Sageview Capital, Battery Ventures, Warburg Pincus, Arthur Ventures, and other institutional and individual investors. It employs more than 750 people at its headquarters on Bainbridge Island, WA and in offices across the U.S. and in London, England and Pune, India.
FinSMEs
15/12/2014