Sovos Compliance, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Sovos Compliance, LLC - overview
Established
1979
Location
Wilmington, MA, US
Primary Industry
Software
About
Based in Massachusetts, US, and founded in 1979 as Taxware, LLC, Sovos Compliance, LLC is a software company that develops cloud-based solutions for e-invoicing compliance and tax reporting. In September 2020, Hg agreed to recapitalize Sovos Compliance, LLC with a majority investment in the company. As of 2024, the company’s client base includes Microsoft, Nationwide, The Home Depot, Groupon, CVSHealth, and Philips, and is led by its CEO, Kevin Akeroyd. Sovos provides solutions for sales and use tax, VAT and fiscal reporting, e-invoicing compliance, tax information reporting, and cryptocurrency tax.
The company offers its S1 platform as a technology solution that enables tax compliance in key business processes and for businesses to connect with governments.
Current Investors
Hg, TA Associates
Primary Industry
Software
Sub Industries
Consulting Services, Accounting/Finance Software, Analytics & Performance Software
Website
www.sovos.com
Verticals
Blockchain, Cloud Computing, Cloud Computing, RegTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Sovos Compliance, LLC - 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, Corporate Carve Out | Completed | IRIS Logix Solutions Pvt. Ltd. | - | ||||||||
| Add-on | Completed | Aatrix Software Inc. | - | ||||||||
| Add-on | Completed | Escontech del Peru | - | ||||||||
| Add-on | Completed | TOC Biometrics | - | ||||||||
| Add-on | Completed | TLI Consulting GmbH | - |
Displaying 1 - 5 of 30
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.