New functionality provides for automated delivery of ACH payments to states and the IRS alongside electronic delivery of returns BOSTON – March 1, 2022 – Sovos today announced new automation functionality within its Sovos Withholding Compliance solution for managing payroll and non-payroll withholding tax payments and related IRS and state
Acquisition holds immediate benefit for customers with complex supply chains and footprints across Europe; furthers Sovos’ long-term global tax engine strategy BOSTON – December 6, 2021 – Global tax software provider Sovos today announced it has acquired Germany-based TLI Consulting GmBH. The move significantly advances Sovos’ value-added tax (VAT) determination
Company bolsters global leadership team with six key promotions and hires; prepares for continued growth into FY22 BOSTON – November 8, 2021 – Global tax software provider Sovos today announced that Eric Lefebvre has joined the company as chief technology officer. Lefebvre comes to Sovos with more than 25 years
FY21 product milestones, record number of strategic acquisitions fueling momentum into FY22 BOSTON – November 2, 2021 – Today, global tax software provider Sovos announced it has expanded its customer base 164% through acquisitions and organic growth since the beginning of its fiscal year in July. While the digitization of
Updated January 5, 2022: Sovos has completed the acquisition of Istanbul-based Digital Planet. When Sovos acquired Istanbul-based Foriba two years ago, we saw it as a key piece to the global puzzle we promised to complete on behalf of our customers. Following our previous acquisitions of Paperless in Chile and
Sovos is the industry leader in U.S. insurance accounting and reporting, education and software. From our expert level instructors, to our industry best-in-class software and support, to our customized high-quality training, Sovos helps you meet your organizational goals. Being the industry leader requires staying ahead of industry changes in insurance
Following recent acquisitions in Latin America, Sovos announced today we are establishing operations in Portugal with the acquisitions of PetaPilot and Saphety. The two companies both count tax authorities and businesses as customers, and they both solve challenges related to mandates that are accelerating across Europe and beyond, as VAT
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
Sovos Expands Mexico Commercial Operations and Cloud Solutions with Acquisition of Reachcore A G-20 nation with some of the oldest e-invoicing regulations, Mexico is an increasingly attractive site for manufacturers, thanks to the VAT benefits of its “maquiladora zone” along the U.S. border. The 2020 U.S.-Mexico-Canada Agreement (USMCA) drew even
For businesses headquartered or operating in Brazil, the constantly shifting Nota Fiscal compliance regulations are a well-known pain point. The Sistema Público de Escrituração Digital (SPED) reporting rules debuted in 2008 to digitize paper invoices and records, and the rules continue to change frequently, creating complexity and risk. These difficulties
BOSTON – August 20, 2020 – Global tax software provider Sovos today announced that Hg — a leading global software investor, partner and supporter of the expansion of Sovos for more than four years — will lead a further, majority investment in the company through the Hg Saturn 2 Fund.
Global tax software provider Sovos today announced it has acquired Keane’s unclaimed property consulting services and reporting technology. The acquisition, Sovos’ fourth this year, makes 2020 the company’s most acquisitive year yet. The purchase of Keane’s software and consulting services deepens Sovos’ footprint in the unclaimed property compliance market, as states turn
Our recent webinar with WineDirect and Enolytics, Post-Pandemic Planning: Customer Engagement for the Road Ahead, was a timely topic that drew lively Q&A—too many to address in our allotted hour! Here are our panelists’ take on the most-surfaced themes in your questions. (Missed the live webinar? You can still access
In 2019, Sovos acquired Eagle Technology Management (ETM) for its history of innovation in statutory reporting and other key compliance solutions for U.S.-based insurance companies. Today, Sovos announced the acquisition of Booke, which provides critically important educational seminars to employees of American insurance companies and the Internal Revenue Service (IRS)
Sovos officially closed the acquisition of Istanbul-based Foriba. This acquisition represents another significant milestone in our mission and makes it easier for businesses to overcome one of the greatest challenges they face: the digital transformation of tax. Across the globe, governments are mandating their own digital transformation, giving businesses two
It’s been quite a week at Sovos. Hours after announcing Sovos’ intent to acquire Foriba, expanding our geographic footprint into Turkey and bringing together the pioneers of e-invoicing compliance, we shared our plan to expand into new and existing markets in the U.S. with the acquisition of Eagle Technology Management
Today, we announced Sovos will acquire Istanbul-based Foriba, bringing another global pioneer of e-invoicing compliance into the Sovos solution. The Foriba acquisition marks a milestone for Sovos and for our customers around the world, who face a monumental shift in digital taxation. As tax administrations accelerate adoption of continuous compliance,
Sovos CertManager helps Bridgestone HosePower get proactive managing customer exemption certificates, estimated to reduce the time to satisfy an audit request from six weeks to one day, increasing operational efficiency and providing automated audit defense.