In Its Largest Acquisition Outside the U.S., Sovos Buys Acepta’s Digital Enablement Business

Andy Hovancik
May 3, 2021

Today, Sovos announced our most recent acquisition – a deal that is our largest ever outside of the United States, and one that brings our global team to more than 2,000 employees. While the acquisition of Chile-based Acepta certainly marks some milestones for Sovos, it more importantly signals even broader support for our customers throughout Latin America, as well as those in every region where governments are embracing digital tax compliance.

As countries in Latin America and around the world successfully digitize tax compliance, authorities are looking to expand those capabilities beyond the transaction level for the economic betterment of their societies. With this acquisition, Sovos adds thousands of businesses of every size to our customer base, while strengthening our presence in telecom, financial services, retail and other industries. We have also gained new product capabilities that advance our mission to Solve Tax for Good globally, for all our customers, whether they do business in 60 or more countries, or in one.

Why Acepta?

Acepta has long been one of Latin America’s leading providers of e-invoicing, e-receipts, e-documents and digital certificate solutions. With Acepta, Sovos deepens its continuous transaction control (CTC) compliance offerings and expands its portfolio with e-document solutions, including management workflow with signature capabilities.

Today’s announcement is the continuation of a years-long build toward the most comprehensive solutions for the challenges of modern, digital tax compliance. In 2018, Sovos purchased Sweden-based Trustweaver, whose technology ensured business document integrity. In 2017, we acquired Chile-based Paperless, which began as a certificate provider before building e-receipt solutions. And in Mexico, Sovos has similar capabilities and is a certificate services provider (PSC) authorized by the Mexican Secretariat of Economy to certify e-signatures and other forms of identification under the country’s NOM 151 standard to preserve the integrity of data and digital documents.

The talent and technology for global tax compliance

With hundreds of employees in the region and two decades of innovation, Acepta adds to Sovos technology and talent in both our core and adjacent areas. Today, we expand the customers and industries we serve, while offering both our existing and new customers in the region the immediate value of a broader portfolio of solutions. We also see future benefits for customers and future customers in every economy with similar compliance mandates, including those elsewhere in Latin America, and in Europe and Asia.

Learn more about Sovos here.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.


Andy Hovancik

As president and Chief Executive Officer, Andy guides Sovos’ mission to deliver peace of mind through intelligent compliance for the 4,500 clients that are met with demanding tax compliance and reporting obligations while growing their businesses. Andy joined the company in January 2013 at a time when the industry expertise, market leadership and experience of Taxware, VAT Resource, Convey and ShipCompliant solutions were combined under Sovos to resolve businesses’ most complex compliance challenges on a global scale. His leadership experience spans more than 25 years, during which time he has successfully grown technology companies with a forward-thinking approach to solving key challenges in the services and manufacturing industries. With 15 years of experience in regulatory and compliance software, Andy understands the challenges faced with business-to-government compliance and ensures Sovos serves as a proactive partner in compliance, rather than a reactive solution. Andy holds a B.A. in Business Management & Marketing from Cornell University and an M.B.A. from Tulane University.
Share This Post
Share on facebook
Share on twitter
Share on linkedin
Share on email

E-Invoicing Compliance EMEA Italy VAT & Fiscal Reporting
May 18, 2021
Italy Postpones E-Document Legislation

In September 2020, Italy introduced major changes to the country’s rules on the creation and preservation of electronic documents. These new requirements were expected to be enforced on 7 June 2021. However the Agency for Digital Italy (AGID) has now decided to postpone the introduction of the new e-document rules until 1 January 2022. The […]

North America ShipCompliant
May 14, 2021
Alabama Is Latest State to Permit Direct-to-Consumer Shipping of Wine

Alabama Governor Kay Ivey signed HB 437 into law on May 13, 2021, making Alabama the latest state to legalize direct-to-consumer (DtC) shipping of wine. With this step, only Delaware, Mississippi and Utah continue to prohibit this popular and valuable means of selling wine. Alabama’s new DtC law will not become effective until August 1, […]

Tax Compliance Tax Information Reporting
May 14, 2021
Anatomy of a Due Diligence Letter

What is unclaimed property due diligence? An unclaimed property due diligence letter is an organization’s last chance at contacting an apparent owner and preventing their property from escheatment. Each state or reporting jurisdiction has its own unique set of requirements and standards. Due diligence letters are typically required to be sent 30 to 120 days […]

EMEA VAT & Fiscal Reporting
May 13, 2021
EU Council Approves DAC7 Rules on Digital Platform Tax Reporting

On 22 March 2021 the EU Council approved DAC7, which establishes EU-wide rules meant to improve administrative cooperation in taxation. In addition, the Directive addresses additional challenges posed by a growing digital platform economy. What is DAC7? In 2011, the EU adopted Directive 2011/16/EU on administrative cooperation in the field of taxation in the EU […]

E-Invoicing Compliance EMEA VAT & Fiscal Reporting
May 13, 2021
Russia Introduces Mandatory E-Invoicing From 1 July 2021

Russia introduces a new e-invoicing system for traceability of certain goods on 1 July 2021. Federal Law No. 371-FZ will amend the Russian Tax Code to introduce the new procedure for the traceability system, which will bring the introduction of mandatory e-invoicing for taxpayers dealing with traceable goods. Since its introduction, B2B e-invoicing in Russia […]