Digital Planet
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Digital Planet - overview
Established
2000
Location
Istanbul, Esenler, Turkey
Primary Industry
Software
About
Digital Planet is a technology company based in Istanbul, Turkey, specializing in digital transformation solutions focused on tax compliance and regulatory reporting for businesses across various sectors. Founded in 2000, Digital Planet operates out of Istanbul, Turkey. The company is recognized for its role in providing digital transformation solutions, particularly in the area of tax compliance. Todd Riley, the founder, also serves as the CEO.
In October 2021, Digital Planet was acquired by Sovos Compliance, LLC, a move aimed at expanding product solutions and enhancing partner channels in Turkey and the European market. Digital Planet specializes in comprehensive digital transformation solutions related to tax compliance and regulatory reporting. Their key offerings include a range of electronic invoicing applications such as e-Fatura, e-Arşiv Fatura, and e-Defter, designed to streamline invoicing processes while ensuring real-time legal compliance. They serve diverse clients operating in over 70 countries, assisting businesses with tax determination and regulatory reporting through advanced cloud technology and expert support.
Digital Planet generates revenue primarily through subscription models for its software products and services. Their clients typically engage in long-term partnerships, with annual or multi-year contracts providing access to compliance solutions. The structured pricing plans correlate with the scale of the client’s operations, ensuring a steady income flow as businesses rely on Digital Planet for ongoing regulatory support and software updates. Following the acquisition by Sovos Compliance in October 2021, Digital Planet aims to enhance its product offerings and extend its reach within the small-and-medium-sized business market across Turkey and Europe.
The recent funding will be utilized to develop new products, although specific details on upcoming releases have not been disclosed. The expansion strategy focuses on penetrating additional European markets to further grow their customer base and enhance service delivery.
Primary Industry
Software
Sub Industries
IT Infrastructure, Customer Relationship Management, Analytics & Performance Software, Accounting/Finance Software
Website
www.digitalplanet.com.tr
Verticals
Cloud Computing, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Digital Planet - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Digital Planet | - |
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