Avalara, Inc. (NYSE: AVLR), a Seattle, WA-based provider of tax compliance automation for businesses of all sizes, is to acquire Inposia Solutions GmbH, a German software company focused on e-invoicing, digital tax reporting, and business and data integration to address real-time compliance requirements for companies worldwide.
Financial terms of the deal were not disclosed. The transaction is subject to satisfaction of closing conditions and is expected to close in the first half of 2021.
Led by Muzaffer Havcarci, CEO, Inposia provides e-invoicing, digital tax reporting, and business and data integration solutions to address real-time compliance requirements for companies worldwide. Inopsia offers technology to integrate business processes and data directly with other B2B partners, directly with governments, and across the multiple digital business systems used by operations and finance teams. The company currently serves customers across Latin America, Europe and Asia to send and receive legally compliant invoices in more than 60 countries.
Avalara provides businesses of all sizes with cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types, in partnership with ERP, accounting, ecommerce, and other financial management system providers. The company, which also has has offices across the U.S. and around the world in Brazil, Europe, and India, this year has expanded its enterprise and content offerings through the acquisition of TTR, its platform to include a complementary compliance solution for licensing and registration requirements with the acquisition of assets from Business Licenses, and acquired Impendulo to gain a presence in the global insurance market.
FinSMEs
29/12/2020