Tax software program big Avalara made one more acquisition, saying Monday that it purchased property tax compliance software program developer CrowdReason Restricted Legal responsibility Firm. Avalara will use the deal to spice up choices associated to doc administration, tax content material, and property tax returns.
Earlier this month Avalara acquired Track1099, which helps companies handle IRS kind submitting necessities. Different latest Avalara acquisitions embrace DAVO Applied sciences, Enterprise Licenses, Transaction Tax Assets, INPOSIA Options, and Impendulo Restricted.
In August Avalara added $959.9 million to its money stability as its enterprise continues to profit from the e-commerce increase and rising regulatory obligations. The cash will probably be used to gasoline development of the corporate’s compliance automation software program that helps greater than 30,000 corporations throughout 95 nations handle their gross sales and different forms of taxes. Prospects embrace corporations akin to Zillow, Pinterest, Converse, Roku, Thule, and others.