M&A Deal Summary

Avalara Acquires DAVO

On April 20, 2021, Avalara acquired information technology company DAVO

Acquisition Highlights
  • This is Avalara’s 1st transaction in the Information Technology sector.
  • This is Avalara’s 6th transaction in the United States.
  • This is Avalara’s 1st transaction in Maine.

M&A Deal Summary
Date 2021-04-20
Target DAVO
Sector Information Technology
Buyer(s) Avalara
Deal Type Add-on Acquisition

Target

DAVO

Westbrook, Maine, United States
DAVO helps emerging small businesses automate the daily and ongoing requirements for sales tax. The company's technology automatically connects to point-of-sale (POS) systems to extract the amounts of tax owed, set sales tax funds aside daily, hold the funds, and then file and pay their sales tax for them when they are due to state and local tax authorities. It provides merchants, restaurants, and sole proprietors with an automated sales tax compliance solution that also ensures available funds for tax obligations to avoid unplanned or underfunded expenses. DAVO was formed in 2011 and is based in Westbrook, Maine.

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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 10 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (Maine) 1 of 1
Country (United States) 6 of 8
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-29 INPOSIA Solutions

Karlsruhe, Germany

INPOSIA Solutions GmbH is a software company focused on e-invoicing, digital tax reporting, and business and data integration to address real-time compliance requirements for companies worldwide. INPOSIA Solutions was founded in 2010 and is based in Karlsruhe, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Track1099

Stanford, California, United States

Track1099 provides online software and services for cost-effectively managing, e-filing, and e-delivering IRS forms, including 1099s, W-2s, W-9s, and more. Track1099 is based in Stanford, California.

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Mergr

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