Lemberger & Taubman, Inc. Asset Profile

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Year established

1994

Location

New York NY US

Primary Industry

Software

About

Based in New York, US, and founded in 1994, Lemberger & Taubman, Inc., doing business as LTtax, is a provider of software solutions used for payroll withholding and unemployment tax obligations. Led by one of the co-founders of the company, Uri Lemberger, Lemberger & Taubman, Inc. serves corporations in the US. In December 2020, The company was acquired by Sovos Compliance, LLC. The LTtax payroll tax withholding and unemployment tax software offers various functionalities including importing of data from any payroll systems, issuing of NACHA payments, track credits, feed A/P and G/L systems, create electronic filings, wage detail e-filing, file amended 941x / 945x, multiple worksite reporting, tax agency notice tracking, and update records with receipt numbers. With the acquisition by Sovos Compliance, LLC. in December 2020, Lemberger & Taubman, Inc. plans to further expand Sovos's services by providing payroll wage withholding support to customers reporting on the 941 series form, while bolstering automated withholding capabilities for non-wage payments via the 945 and 1042 series forms.

Current Investors

Sovos Compliance, LLC

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Primary Industry

Software

Sub Industries

Systems Management Software, Accounting/Finance Software

Website

www.payrolltax.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

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)
Completed	Lemberger & Taubman, Inc.	08 Dec 2020

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