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 more attention to the region, and today, Mexico is one of the most advanced digital economies in the world. As part of our mission to Solve Tax for Good, Sovos is expanding its presence in the country.

Keeping our Promise to Customers in the Americas and Around the World

We recently acquired Mexico-based Reachcore, an authorized certification provider (PAC) of the Mexican Tax Administration (SAT) and an authorized certificate services provider (PSC) of the Mexican Secretariat of Economy. The acquisition extends Sovos’ leadership in value-added tax (VAT) compliance, from summary reporting to continuous transaction controls (CTCs). As an SAT authorized partner, Sovos will have more of a role in this growing economy as it continues to attract companies with multi-country operations.

Building on our previous global acquisitions, Reachcore deepens our customer base in manufacturing, retail, financial services, telecommunications, oil and gas, digital products and more. Combined with Sovos’ presence in Argentina, Brazil, Chile, Colombia and Peru, this acquisition reflects our commitment to customers in some of the most complex tax compliance regimes in the world.

E-invoicing Compliance for 65+ Countries

The Reachcore team includes cloud technology and regulatory experts, and its software-as-a-service (SaaS) offerings with easy-to-deploy APIs generate, send, validate and certify compliant documents. With the technology and talent to support operational scale in the region, Sovos is the only vendor to provide a scalable, end-to-end solution capable of ensuring CTC compliance in Mexico and in more than 65 other countries.

 Learn more about Sovos here.