M&A Deal Summary

Sovos Compliance Acquires Saphety Level - Trusted Services S.A.

On July 7, 2021, Sovos Compliance acquired software company Saphety Level - Trusted Services S.A. from Oxy Capital

Acquisition Highlights
  • This is Sovos Compliance’s 3rd transaction in the Software sector.
  • This is Sovos Compliance’s 2nd transaction in Portugal.

M&A Deal Summary

Date 2021-07-07
Target Saphety Level - Trusted Services S.A.
Sector Software
Buyer(s) Sovos Compliance
Sellers(s) Oxy Capital
Deal Type Add-on Acquisition
Advisor(s) PLMJ Advogados, SP, RL (Legal)

Target

Saphety Level - Trusted Services S.A.

Lisbon, Portugal
website
Saphety is a provider of solutions for the electronic exchange of documents, electronic invoicing, financing of electronic invoices, presentation of electronic invoices, and data synchronization between companies. Saphety was founded in 2000 and is based in Lisbon, Portugal.

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Buyer(S) 1

Buyer

Sovos Compliance

Wilmington, Massachusetts, United States

website


Category Company
SectorInformation Technology
DESCRIPTION

Sovos Compliance is a provider of information technology solutions to help businesses meet the demands of their unique tax compliance and reporting obligations. 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.


DEAL STATS #
Overall 17 of 17
Sector (Software) 3 of 3
Type (Add-on Acquisition) 14 of 14
Country (Portugal) 2 of 2
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 PetaPilot S.A.

Porto, Portugal

PetaPilot provides customers a scalable integrated data analytics tool for digital audit and tax compliance in a cloud or on-premise offering. The solution analyzes all of a company’s transactions contained in SAF-T files prior to the submission to the tax authority. The product is sold to both tax authorities and corporate customers. PetaPilot was founded in 2014 and is based in Porto, Portugal.

Buy -

Seller(S) 1

SELLER

Oxy Capital

website


Category Private Equity Firm
Founded 2012
SizeSmall
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Portugal) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 Prio Energy

Aveiro, Portugal

Prio Energy provides the distribution and commercialization of liquid fuels and the production of biofuels. Prio Energy was established in 2006 and is based in Aveiro, Portugal.

Sell -