M&A Deal Summary

Sovos Compliance Acquires Stupendo

On June 29, 2021, Sovos Compliance acquired information technology company Stupendo

Acquisition Highlights
  • This is Sovos Compliance’s 3rd transaction in the Information Technology sector.
  • This is Sovos Compliance’s 1st transaction in Ecuador.

M&A Deal Summary

Date 2021-06-29
Target Stupendo
Sector Information Technology
Buyer(s) Sovos Compliance
Deal Type Add-on Acquisition
Advisor(s) LarrainVial (Financial)
Carey Abogados (Legal)

Target

Stupendo

Quito, Ecuador
Stupendo automates the billing, linking, and collection processes on the client side, and the invoice reception, contracting and payment processes on the supplier side. Through its platforms, more than 20 million documents and transactions travel per month from large companies located in the main cities of Colombia, Ecuador and Peru, thus becoming the main actor in the Andean region. Stupendo focuses on innovating around customer needs, fostering team development in order to provide great customer service, and creating products that are simple to integrate into any ERP, infallible and easy to use.

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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 15 of 21
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 13 of 18
Country: Ecuador M&A 1 of 1
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Acepta

Santiago, Chile

Acepta is a provider of e-invoicing, e-receipts, e-documents, and digital certificate solutions. The company became a pioneer and leader in the implementation of digital signatures, electronic invoicing, and more. In this time, Acepta has strengthened and consolidated its leadership both in Chile and in other countries of the region, guaranteeing customers the protection of their information in line with the principles of information security and privacy with which it regulated itself from the beginning. Acepta’s purpose is to encourage governments and customers toward a digital future, educating citizens and providing innovative solutions that improve the lives of the people and entities with which we work. Acepta is based in Santiago, Chile.

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FOLLOWING 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.

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