Sovos Compliance
Founded Year
1979Stage
Unattributed - IV | AliveTotal Raised
$88.1MLast Raised
$20.55M | 5 mos agoAbout Sovos Compliance
Sovos Compliance focuses on providing tax compliance software and services. The company offers solutions such as tax reporting and filing, including value-added tax determination, sales and use tax determination, tax and regulatory reporting, and shipping compliance. It primarily serves sectors such as retail, manufacturing, financial services, digital services, and insurance. It was formerly known as Taxware. The company was founded in 1979 and is based in Wilmington, Massachusetts.
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ESPs containing Sovos Compliance
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The tax compliance software market assists organizations in meeting their tax obligations and ensuring compliance with tax laws and regulations. Tax compliance involves the accurate calculation, reporting, and remittance of taxes to the appropriate tax authorities. The market provides software platforms and tools that help businesses automate and streamline their tax compliance processes. As regul…
Sovos Compliance named as Highflier among 9 other companies, including Avalara, Exactera, and Zenwork.
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Research containing Sovos Compliance
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Sovos Compliance in 4 CB Insights research briefs, most recently on Oct 26, 2023.
Oct 26, 2023
The CFO tech stack market map
Expert Collections containing Sovos Compliance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sovos Compliance is included in 2 Expert Collections, including Regtech.
Regtech
1,453 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Fintech
8,123 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Sovos Compliance News
Nov 10, 2023
News Provided By Share This Article Tax Management Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2027 The Business Research Company’s Tax Management Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027 The market size of the tax management market is expected to grow to $32.92 billion in 2027 at a CAGR of 11.9%” — The Business Research Company LONDON, GREATER LONDON, UK, November 10, 2023 / EINPresswire.com / -- The "Tax Management Global Market Report 2023" is an all-encompassing information source covering every aspect of the market. The forecast suggests that the market size for tax management is expected to reach $32.92 billion by 2027, with a CAGR of 11.9%. The tax management market is expanding due to increased digitalization and a surge in financial transactions across various sectors. North America is anticipated to dominate the tax management market. Key players in the tax management market consist of Avalara Inc., Blucora Inc., H&R Block Inc., Sovos Compliance LLC, Vertex Inc., ADP Inc., SAP SE, Intuit Inc., and Thomson Reuters Corporation.
Sovos Compliance Frequently Asked Questions (FAQ)
When was Sovos Compliance founded?
Sovos Compliance was founded in 1979.
Where is Sovos Compliance's headquarters?
Sovos Compliance's headquarters is located at 200 Ballardvale Street, Wilmington.
What is Sovos Compliance's latest funding round?
Sovos Compliance's latest funding round is Unattributed - IV.
How much did Sovos Compliance raise?
Sovos Compliance raised a total of $88.1M.
Who are the investors of Sovos Compliance?
Investors of Sovos Compliance include HgCapital, TA Associates, Vista Equity Partners, Automatic Data Processing, First Data and 3 more.
Who are Sovos Compliance's competitors?
Competitors of Sovos Compliance include Kintsugi, TaxCloud, LumaTax, Gain Compliance, Avalara and 7 more.
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Compare Sovos Compliance to Competitors
Avalara helps businesses of all sizes achieve compliance with transactional taxes, including sales, value-added tax (VAT), excise, communications, and other tax types of services. It delivers automated, cloud-based solutions including Avalara AvaTax, Avalara Returns, Avalara Cross-Border, Avalara e-Invoicing, and more. It primarily caters to the financial service sector. It was founded in 2004 and is based in Seattle, Washington.
TaxCloud provides compliance services for businesses to manage their taxes. It focuses on sales tax compliance and taxation services such as collection, calculation, and remittance of sales tax for online sellers. It partners with online retailers and integrates with other service providers for accessibility. It was formerly known as FedTax. The company was founded in 2008 and is based in Norwalk, Connecticut.
Anrok provides global sales tax solutions for software-as-a-service (SaaS) businesses. The company automates sales tax compliance across the financial stack. It offers automated sales tax monitoring, tax calculation, and tax filing solutions for users' businesses. It was founded in 2020 and is based in San Francisco, California.
Fonoa helps internet companies automate their tax obligations. It reduces the cost of operations and increases compliance with its integrated application programming interfaces (APIs). It caters to travel and tourism, software, digital content, and marketplace industries. The company was founded in 2019 and is based in Dublin, Ireland.
Complyt provides a cloud-based SaaS solution for sales tax compliance. The company's platform covers all of the sales tax obligations directly from point-of-sale and live tracks nexus and legislation updates in every state to ensure compliance, enabling clients all across the US to manage and optimize their taxes according to their business needs. Complyt was founded in 2021 and is based in Tel Aviv-Yafo, Israel.
CaseWare provides cloud-enabled audit, financial reporting, and data analytics solutions for accounting firms, corporations, and governments. Its products include caseware working papers, caseware cloud, caseware audit, caseware financials, and others. The company was founded in 1988 and is based in Toronto, Canada.
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