M&A Deal Summary

Avalara Acquires Transaction Tax Resources

On October 5, 2020, Avalara acquired software company Transaction Tax Resources for 377M USD

Acquisition Highlights
  • This is Avalara’s 4th transaction in the Software sector.
  • This is Avalara’s largest (disclosed) transaction.
  • This is Avalara’s 4th transaction in the United States.
  • This is Avalara’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2020-10-05
Target Transaction Tax Resources
Sector Software
Buyer(s) Avalara
Deal Type Add-on Acquisition
Deal Value 377M USD

Target

Transaction Tax Resources

McMinnville, Oregon, United States
website
Transaction Tax Resources, Inc. is a provider of research, consulting, and tax automation tools as well as direct access to tax experts. Transaction Tax Resources is based in McMinnville, Oregon.

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Buyer(S) 1

Buyer

Avalara

Seattle, Washington, United States

website

Category Company
Founded 2004
Sector Internet Software and Services
Employees3,351
Revenue 699M USD (2021)
DESCRIPTION

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.

DEAL STATS #
Overall 6 of 12
Sector (Software) 4 of 6
Type (Add-on Acquisition) 5 of 11
State (Oregon) 2 of 2
Country (United States) 4 of 8
Year (2020) 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Portway International

Mississauga, Ontario, Canada

Portway International, Inc. is a global Business Process Outsourcing (BPO) provider specializing in the logistics and customs brokerage industries. The company manages some of Canada’s largest customs and logistics services and has earned a reputation for exactitude by maintaining a 99 percent process accuracy rate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 Business Licenses

Monsey, New York, United States

Business Licenses LLC provides software and services for the research, acquisition, and management of business licenses, registrations, and permits for businesses of all sizes. Business Licenses was formed in 2000 and is based in Monsey, New York.

Buy $97M
Mergr

Product

Company

Legal