M&A Deal Summary

Avalara Acquires Compli - Operational Assets

On January 23, 2019, Avalara acquired software company Compli - Operational Assets from Compli

Acquisition Highlights
  • This is Avalara’s 3rd transaction in the Software sector.
  • This is Avalara’s 3rd transaction in the United States.
  • This is Avalara’s 1st transaction in Oregon.

M&A Deal Summary
Date 2019-01-23
Target Compli - Operational Assets
Sector Software
Buyer(s) Avalara
Sellers(s) Compli
Deal Type Divestiture

Target

Compli - Operational Assets

Portland, Oregon, United States
Compli - Operational Assets is a provider of compliance services, technology, and software to producers, distributors, and importers of alcoholic beverages.

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Buyer(S) 1

Buyer

Avalara

Seattle, Washington, United States
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 4 of 12
Sector (Software) 3 of 6
Type (Divestiture) 1 of 1
State (Oregon) 1 of 2
Country (United States) 3 of 8
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 VAT Applications

Grimbergen, Belgium

VAT Applications develops software to broaden the concept and facilitate the application of VAT regulations within the European Union, regulations whose intricacies often result in errors and lost opportunities. VAT Applications was formed in 2000 and is based in Grimbergen, Belgium.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Compli

Portland, Oregon, United States
Category Company
Founded 2000
Sector Software
DESCRIPTION

Compli is a provider of HR business process automation solutions. Compli helps organizations meet workforce corporate compliance demands through easy-to-use business process automation software. Compli was founded in 2000 and is based in Portland, Oregon.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

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