M&A Deal Summary

Sovos Compliance Acquires Acepta

On May 3, 2021, Sovos Compliance acquired business services company Acepta

Acquisition Highlights
  • This is Sovos Compliance’s 7th transaction in the Business Services sector.
  • This is Sovos Compliance’s 2nd transaction in Chile.

M&A Deal Summary
Date 2021-05-03
Target Acepta
Sector Business Services
Buyer(s) Sovos Compliance
Deal Type Add-on Acquisition
Advisor(s) LarrainVial SA (Financial)
Carey Abogados (Legal)

Target

Acepta

Santiago, Chile
website
Acepta is a provider of e-invoicing, e-receipts, e-documents, and digital certificate solutions. The company became a pioneer and leader in the implementation of digital signatures, electronic invoicing, and more. In this time, Acepta has strengthened and consolidated its leadership both in Chile and in other countries of the region, guaranteeing customers the protection of their information in line with the principles of information security and privacy with which it regulated itself from the beginning. Acepta’s purpose is to encourage governments and customers toward a digital future, educating citizens and providing innovative solutions that improve the lives of the people and entities with which we work. Acepta is based in Santiago, Chile.

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Buyer(S) 1

Buyer

Sovos Compliance

Wilmington, Massachusetts, United States

website

Category Company
Sector Software
DESCRIPTION

Sovos Compliance is a provider of software that safeguards businesses from the burden and risk of modern transactional taxes. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance is based in Wilmington, Massachusetts.

DEAL STATS #
Overall 14 of 20
Sector (Business Services) 7 of 7
Type (Add-on Acquisition) 12 of 18
Country (Chile) 2 of 2
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Keane

New York, New York, United States

Keane is a provider of unclaimed property compliance solutions. From annual escheat compliance reporting, customized communication programs and in-depth consulting services, Keane provides corporations, mutual funds, banks, brokerage, insurance companies and transfer agents with a depth and breadth of services that is unmatched. Keane was formed in 2010 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Stupendo

Quito, Ecuador

Stupendo automates the billing, linking, and collection processes on the client side, and the invoice reception, contracting and payment processes on the supplier side. Through its platforms, more than 20 million documents and transactions travel per month from large companies located in the main cities of Colombia, Ecuador and Peru, thus becoming the main actor in the Andean region. Stupendo focuses on innovating around customer needs, fostering team development in order to provide great customer service, and creating products that are simple to integrate into any ERP, infallible and easy to use.

Buy -
Mergr

Product

Company

Legal