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INTERNET | Internet Software & Services / Accounting & Finance
avalara.com

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Founded Year

2004

Stage

IPO | IPO

Total Raised

$253.02M

Date of IPO

6/15/2018

Market Cap

15.26B

Stock Price

177.80

Revenue

$0000 

About Avalara

Avalara (NYSE: AVLR) helps businesses of all sizes achieve compliance with transactional taxes, including sales and use, VAT, excise, communications, and other tax types. The company delivers automated, cloud-based solutions that are designed to be fast, accurate, and easy to use. Avalara's platform helps customers manage complicated and burdensome tax compliance obligations imposed by state, local, and other taxing authorities throughout the world. Avalara offers more than 550 pre-built connectors into accounting, ERP, ecommerce and other business applications, making the integration of tax and compliance solutions easy for customers. Each year, the company processes billions of indirect tax transactions for customers and users, files more than a million tax returns and manages millions of tax exemption certificates and other compliance documents.

Avalara Headquarter Location

110 2nd Ave

Seattle, Washington, 98101,

United States

206-641-2560

Latest Avalara News

Tax Tech Company Avalara Acquires CrowdReason

Oct 22, 2021

Photo: Avalara Seattle tax tech giant Avalara is on an acquisition spree. On Monday, Avalara announced its acquisition of another tax startup, CrowdReason. Exact financial terms of the deal were not disclosed. Founded in 2004, Avalara has grown to be one of the larger players in the tax tech space. Taxes are unavoidable, and they can be a big headache for businesses if they aren’t managed properly. That’s why Avalara has designed an automated cloud-based platform to help businesses manage the tax compliance process. The platform handles a wide range of business taxes, including sales and transaction taxes, consumer use taxes, import taxes and more. These tax solutions have helped Avalara grow to a large scale. The company serves over 30,000 customers and currently has a market cap around $15 billion. In 2019 alone, the company helped file over 2 million tax returns. But Avalara is stetting its sights even bigger, and this latest acquisition of CrowdReason shows that. CrowdReason is a SaaS company that has developed compliance software for property taxes. By acquiring CrowdReason, Avalara hopes to integrate this software into its own product offering, in order to provide its customers with document management, tax database content and property tax services. “Adding property tax content and software to our global compliance portfolio extends Avalara’s footprint into a large and exciting new tax type,” Avalara EVP of corporate development Jayme Fishman said in a statement. “Effective management of personal property and real property tax serves businesses of all sizes, especially enterprise companies and is another step forward in our pursuit to be the global compliance platform for businesses.” CrowdReason CEO Carl Hoemke added, “CrowdReason built its business to help enterprise teams manage complexity and reduce the risk inherent to property tax management. We pride ourselves on best-in-class products, accuracy and customer service, and we are excited to contribute our expertise to Avalara’s customers.” This is already Avalara’s second acquisition in the month of October. About two weeks ago, Avalara acquired Track1099, which provides software to manage, file and deliver IRS tax forms like W-2s, 1099s, W-9s and more. Before that, Avalara acquired sales tax automator DAVO Technologies. Avalara has made a pattern of acquiring other tech companies in the tax compliance space, allowing it to add more and more features to its already robust platform. Seattle startup guides

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Research containing Avalara

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Avalara in 2 CB Insights research briefs, most recently on Apr 29, 2021.

Expert Collections containing Avalara

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Avalara is included in 6 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

F

Fintech 250

248 items

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

S

SMB Fintech

1,132 items

U

US-based SMB Fintech Companies

354 items

Avalara Patents

Avalara has filed 4 patents.

The 3 most popular patent topics include:

  • Banking technology
  • Business law
  • Certification marks
patents chart

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Avalara Web Traffic

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