M&A Deal Summary

Sovos Compliance Acquires Aatrix Software

On January 11, 2024, Sovos Compliance acquired software company Aatrix Software

Acquisition Highlights
  • This is Sovos Compliance’s 5th transaction in the Software sector.
  • This is Sovos Compliance’s 8th transaction in the United States.
  • This is Sovos Compliance’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2024-01-11
Target Aatrix Software
Sector Software
Buyer(s) Sovos Compliance
Deal Type Add-on Acquisition

Target

Aatrix Software

Grand Forks, North Dakota, United States
Aatrix Software is a provider of W2, 1099, and ACA reporting solutions servicing over 300,000 businesses. It has been developing innovative accounting software solutions since 1986. Aatrix’ finance software has received numerous awards, including Software Digests highest overall rating and Home Office Computing Editors Pick. Aatrix Software is based in Grand Forks, North Dakota.

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Buyer(S) 1

Buyer

Sovos Compliance

Wilmington, Massachusetts, United States
Category Company
Founded 1979
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 was founded in 1979 and is based in Wilmington, Massachusetts.

DEAL STATS #
Overall 20 of 20
Sector (Software) 5 of 5
Type (Add-on Acquisition) 18 of 18
State (North Dakota) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 TLI Consulting

Berlin, Germany

TLI Consulting provides VAT determination software and associated consulting to support clients in entering VAT processes into their SAP (and other ERP) systems through developing and implementing customized, practical and compliant solutions for accounts receivable and accounts payable processes. TLI Consulting offers SAP solutions for VAT ID validations and VAT reconciliations and analysis. TLI Consulting is based in Berlin, Germany.

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