AVLR - Avalara acquires assets from DAVO Technologies to automate tax compliance

Avalara (AVLR) acquires the operational assets of DAVO Technologies, a company that helps emerging small businesses automate the daily and ongoing requirements for sales tax. Financial terms of the deal were not disclosed.Avalara expects to benefit from the acquisition of the DAVO products and team in key areas: compliance needs of small businesses and partner synergies.“Avalara and DAVO are natural extensions to one another; our services are complementary, and we believe there is an immediate opportunity for value to their customers and our shared partners. The DAVO team has built an excellent, customer-centric product and we are delighted to partner with them to help improve and expand upon their capabilities.” said Jayme Fishman, EVP of corporate development.

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Avalara acquires assets from DAVO Technologies to automate tax compliance