AVLR - Mergers and acquisitions

LONDON and NEW YORK, Feb. 16, 2022 /PRNewswire/ -- MLM 2, an information services and software platform led by veteran IP executive Mason Slaine, and Warburg Pincus, a leading global growth investor, today announced the acquisition of Minesoft, a leading patent search provider. The investment will enable the company to accelerate the development of new products, expand and scale globally, including in the U.S., and enhance existing products with analytics, artificial intelligence, and machine learning. Terms of the transaction were not disclosed. Minesoft marks the first acquisition for MLM 2, backed by a $1 billion equity commitment from Warburg Pincus. MLM 2 continues to pursue additional

Avalara (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced it has acquired CrowdReason Limited Liability Company, a developer of SaaS-based property tax compliance applications, as well as a related property valuation and advisory services business to help solve property tax compliance challenges. All 50 U.S. states and the District of Columbia assess property taxes on real property. A total of 38 states and D.C. also impose a business personal property tax on items a company uses to conduct business, including furniture, machinery, supplies, and more. Every jurisdiction's definition of what property is taxable and how to asse

Avalara (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced it has acquired Track1099 LLC, a company that provides online software and services for cost-effectively managing, e-filing, and e-delivering IRS forms, including 1099s, W-2s, W-9s, and more. Every year, businesses must file information and withholding forms to report employee and contractor income to the IRS. There were an estimated 3.5 billion of these forms filed in 2020. Moving forward, more companies will be required to e-file when the IRS reduces the e-filing threshold from 250 to 100 forms for each business. Track1099 supported more than 40,000 customers with th

Avalara (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced it has acquired the operational assets of DAVO Technologies LLC, a company that helps emerging small businesses automate the daily and ongoing requirements for sales tax. DAVO's technology automatically connects to point of sale (POS) systems to extract the amounts of tax owed, set sales tax funds aside daily, hold the funds, and then file and pay their sales tax for them when they are due to state and local tax authorities. DAVO provides merchants, restaurants, and sole proprietors with an automated sales tax compliance solution that also ensures available funds for tax obligat

SEATTLE--(BUSINESS WIRE)--Avalara (NYSE: AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced that it has acquired Impendulo Limited, a London-based provider of insurance tax compliance solutions. Financial terms of the transaction were not disclosed. Led by Chris James, founder and managing director, Impendulo gives Avalara access to the global insurance compliance business, a new market that could benefit from automation technology. Impendulo offers insurance tax compliance management technology and services, specializing in support for multi-national insurance companies. Impendulo helps its clients in a multi-step process