Avalara (NYSE: AVLR), a provider of tax compliance automation software for businesses of all sizes, acquired Impendulo Limited, a London, UK-based provider of insurance tax compliance solutions.
The financial terms of the deal were not disclosed.
The acquisition will give Avalara access to the global insurance compliance business, a new market that could benefit from automation technology.
Led by Chris James, founder and managing director, Impendulo offers insurance tax compliance management technology and services, specializing in support for multi-national insurance companies. The company helps its clients in a multi-step process from acting as the required in-country tax representative and agent, to rate calculations, filings, returns and audit support.
Last month, Avalara acquired the operational assets of Business Licenses, LLC to expand its platform to include a complementary compliance solution for licensing and registration requirements.
FinSMEs
02/12/2020