Expands Sovos’ beverage alcohol compliance platform
September 2, 2015 ― Sovos Compliance, an industry leader in tax, compliance and regulatory reporting, has acquired WineDirect Compliance, a Napa-based compliance reporting and tax solution for wineries.
The acquisition of WineDirect Compliance comes on the heels of the April acquisition of ShipCompliant, the leading compliance and tax solution provider for the beverage alcohol market. Sovos Compliance will integrate WineDirect’s compliance product assets and intellectual property into the ShipCompliant platform and deepen its relationship with the WineDirect solution suite.
As part of the WineDirect solutions suite, WineDirect Compliance provides automated and scheduled reporting of direct shipments, compliance checks in the shopping cart or via an iPad POS, and calculation and reporting of sales and excise taxes.
“We are excited for the opportunity that this acquisition and partnership provides,” said Andy Hovancik, CEO of Sovos Compliance. “The beverage alcohol industry is one of the more difficult regulated industries to navigate. The integration of the Vin65 platform puts Sovos in a better position to provide a powerful solution for the direct-to-consumer market and ensures that wineries are one step ahead of the many rules required for compliance.”
This combination of forces will create a seamless integration between ShipCompliant and WineDirect’s Vin65 eCommerce and POS platform, providing wineries with the best-in-class suite of software in the wine industry.
“By strengthening our partnership with ShipCompliant, we can offer our joint customers the expertise and tools they need to improve the experience for consumers buying wine online or in the tasting room,” said Andrew Kamphuis, President of WineDirect. “Our goal is to empower our winery partners to be more customer-centric and to ultimately sell more wine direct-to-consumer.”
About Sovos Compliance
Sovos Compliance delivers technology solutions to help businesses meet the demands of their unique tax, compliance and reporting obligations. Our trusted industry expertise and global research capability enables over 4,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance utilizes a unique ability to turn knowledge into highly functional, scalable software that seamlessly integrates with a wide-array of applications and information technologies used by businesses today. Sovos Compliance gives clients peace of mind by simplifying tax compliance, providing greater control and visibility, and mitigating compliance risk. For more information, please visit http://www.sovos.com.
WineDirect is the leader in winery direct sales, providing technology and services that enable wineries to Sell More Wine Direct-to-Consumer. Headquartered in the Napa Valley, WineDirect offers a broad range of logistics solutions including a technology-driven fulfillment system, compliance tools and marketing programs that provide access to new markets and consumers. In addition, the company offers an ecommerce and wine club processing platform with integrated marketing capabilities, and an outbound sales team to help wineries grow their businesses profitably. Each of the company’s services is offered on a standalone basis or as part of an integrated, end-to-end solution. For further information, visit www.winedirect.com.