Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs. The company's solutions include AvaTax, a solution for determining sales tax in the United States; Avalara Returns for tax return preparation, filing, and remittance; and Avalara Compliance Document Management solution, which creates, validates, stores, and manages sales tax exemption and reseller certificates. It also provides professional services, including nexus studies and analysis, voluntary compliance initiatives, tax registrations, and specialized tax research; MatrixMaster, a product taxability database for retail operations; Avalara CloudConnect, a hardware device for processing and storing transactions on-site for regularly scheduled uploads to AvaTax; Avalara Licensing, an online platform for business licenses and sales tax registrations; VAT Expert, a Web-based solution that checks the validity of customer and supplier value-added tax (VAT) numbers and provides VAT determinations in the form of invoices; and Brazilian tax compliance solutions that address the Brazilian transaction tax regimes through electronic compliance report validation, electronic invoice authentication and preparation, tax determination, and returns preparation; and Avalara Item Classification, a solution that addresses the process of assigning proper country-specific Harmonized System codes to products. The company was formerly known as Advantage Solutions, Inc. and changed its name to Avalara, Inc. in December 2005. Avalara, Inc. was incorporated in 1999 and is headquartered in Seattle, Washington.
IPO Year: 2018
Exchange: NYSE
Website: avalara.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/16/2022 | $111.00 → $93.50 | Overweight → Equal-Weight | Morgan Stanley |
| 8/15/2022 | Outperform → Mkt Perform | Raymond James | |
| 4/25/2022 | $140.00 → $100.00 | Buy → Neutral | BofA Securities |
| 2/11/2022 | $130.00 → $138.00 | Outperform | BMO Capital Markets |
| 2/11/2022 | $200.00 → $135.00 | Buy | Stifel |
| 2/11/2022 | $220.00 → $155.00 | Outperform | Raymond James |
| 2/11/2022 | $140.00 → $160.00 | Buy | Mizuho |
| 2/11/2022 | $210.00 → $150.00 | Buy | Needham |
| 2/1/2022 | $130.00 | Outperform | BMO Capital Markets |
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S-8 POS - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
POSASR - AVALARA, INC. (0001348036) (Filer)
8-K - AVALARA, INC. (0001348036) (Filer)
25-NSE - AVALARA, INC. (0001348036) (Subject)
8-K - AVALARA, INC. (0001348036) (Filer)
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that its shareholders voted to approve the pending transaction with Vista Equity Partners ("Vista") at the Company's Special Meeting of Shareholders (the "Special Meeting") held today. Approximately 80% of outstanding shares were represented at the meeting with 84% of those shares voting in favor of the proposed merger resulting in 66% of total outstanding shares in favor of the merger. Avalara will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. Under the terms of the tra
Reiterates Its Belief that the Transaction Comes at the Wrong Time, at the Wrong Price and Follows the Wrong Process Remains Confident in Avalara's Standalone Opportunities to Deliver Value for Shareholders SANTA ROSA, Calif., Oct. 12, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today reiterated that it intends to vote AGAINST the Company's proposed sale to Vista Equity Partners ("Vista"). Altair believes other shareholders should do the same. We encourage shareholders to join us in voting AGAINST this flawed transactionAltair issued the following s
Glass Lewis Warns Shareholders of "Questionable" Deal Timing, "Apparent Conflicts of Interest" and an "Uncompelling and Inadequate" Valuation of Avalara SANTA ROSA, Calif., Oct. 5, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today noted that leading independent proxy advisory firm Glass, Lewis & Co. ("Glass Lewis") has recommended that Avalara shareholders vote AGAINST the Company's proposed sale to Vista Equity Partners ("Vista"). In its report, Glass Lewis concluded: "We share Altair's view that the purchase price and implied valuation metrics of t
Avalara Urges Shareholders to Vote "FOR" Value Maximizing Transaction on WHITE Proxy Card Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that shareholders vote "FOR" the pending transaction with Vista Equity Partners ("Vista") at the Company's upcoming Special Meeting of Shareholders (the "Special Meeting") scheduled for October 14, 2022. In its September 30, 2022, report, ISS noted1: "… the proposed transaction provides certainty of value, at a premium to the unaffected price, compared to the significant downsid
Company Appears to Manipulate Data and Overstate Avalara's Challenges to Justify Its Disappointing Sale Company's Own Presentation Reinforces Altair's Belief that the Board Chose the Wrong Time to Sell, Conducted a Flawed Sale Process and Agreed to an Inadequate Price SANTA ROSA, Calif., Sept. 28, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE:AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today released a presentation in response to Avalara's recent, disingenuous claims about its proposed sale to Vista Equity Partners ("Vista"). The transaction is subject to a vote of shareholders at the Company's
Urges Shareholders to Vote "FOR" Transaction Ahead of Special Meeting of Shareholders on October 14, 2022 Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that it has filed an investor presentation highlighting the value maximizing, all-cash transaction entered into with Vista Equity Partners ("Vista") on August 8, 2022. The presentation can be found on the investor page of Avalara's website at investor.avalara.com. Highlights of the presentation include: The Avalara Board was strategic and proactive initiating a sale process considering the continued degradation of performance and further operating challenges antici
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced the release of 18 newly certified integrations with accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software applications. Avalara has been a partner-centric company since its founding in 2004, with a concerted focus on integrating with technology solutions already in use by existing and future customers. Avalara certified integration partners have met criteria developed by Avalara for performance and reliability. Certified integrations are built to ensure customers enjoy a fast, reliable, and easy process for embedding Avalara's automated tax
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that the waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with its previously announced transaction with Vista Equity Partners. The transaction remains on track to close in the second half of 2022, subject to approval by holders of a majority of Avalara's outstanding common stock and other customary closing conditions. About Avalara Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avala
Altair Notes that the Transaction Comes at the Wrong Time, After a Flawed Process and at the Wrong Price Reiterates that There is No Imperative to Sell Avalara SANTA ROSA, Calif., Sept. 22, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, released a presentation describing it intends to reject the Company's proposed sale to Vista Equity Partners ("Vista"). The proposed sale is subject to a vote of shareholders at the upcoming Special Meeting of Shareholders scheduled to be held on October 14, 2022. The presentation is av
Altair Notes that the Transaction Comes at the Wrong Time, After a Flawed Process and at the Wrong Price Reiterates that There is No Imperative to Sell Avalara SANTA ROSA, Calif., Sept. 22, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, released a presentation describing it intends to reject the Company's proposed sale to Vista Equity Partners ("Vista"). The proposed sale is subject to a vote of shareholders at the upcoming Special Meeting of Shareholders scheduled to be held on October 14, 2022. The presentation is av