M&A Deal Summary

Sovos Compliance Acquires Digital Planet

On October 20, 2021, Sovos Compliance acquired information technology company Digital Planet

Acquisition Highlights
  • This is Sovos Compliance’s 4th transaction in the Information Technology sector.
  • This is Sovos Compliance’s 2nd transaction in Turkey.

M&A Deal Summary

Date 2021-10-20
Target Digital Planet
Sector Information Technology
Buyer(s) Sovos Compliance
Deal Type Add-on Acquisition

Target

Digital Planet

Istanbul, Turkey
Digital Planet provides cloud compliance solutions for continuous transaction controls (CTCs), including e-invoicing, e-receipts, e-delivery note and e-ledger. The company's cloud solutions address e-transformation mandates, as well as customer communication management for banks, telecommunications, and insurance companies, which rely on Digital Planet solutions to provide telephone bills, bank receipts, credit card statements, insurance policies, and other personalized documents. Digital Planet was formed in 2000 and is based in Istanbul, Turkey.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 18 of 21
Sector: Information Technology M&A 4 of 4
Type: Add-on Acquisition M&A Deals 16 of 18
Country: Turkey M&A 2 of 2
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 PetaPilot

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 -
FOLLOWING 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.

Buy -