Sovos Compliance Overview

  • Year Founded
  • 1979

Year Founded

  • Status
  • Private

  • Employees
  • 2,600

Employees

  • Latest Deal Type
  • Debt Refin.

  • Financing Rounds
  • 23

  • Investments
  • 27

Sovos Compliance General Information

Description

Developer of e-invoicing compliance and tax reporting software intended to safeguard businesses from the burden and risk of modern transactional taxes. The company's platform brings together tax determination, tax information reporting, signature, and archiving compliance, enabling its clients to easily overcome tax jurisdictions and varying tax rates and eliminate inconsistencies.

Contact Information

Website
www.sovos.com
Formerly Known As
Taxware, Sovos Co-Invest
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Corporate Office
  • 200 Ballardvale Street
  • Building 1, 4th Floor
  • Wilmington, MA 01887
  • United States
+1 (866)
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Vertical(s)
SaaS, FinTech
Corporate Office
  • 200 Ballardvale Street
  • Building 1, 4th Floor
  • Wilmington, MA 01887
  • United States
+1 (866)

Sovos Compliance Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Sovos Compliance Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Sovos Compliance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of e-invoicing compliance and tax reporting software intended to safeguard businesses from the burden and risk
Financial Software
Wilmington, MA
2,600 As of 2024

Durham, NC
 

Wilmington, MA
 
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Sovos Compliance Competitors (12)

One of Sovos Compliance’s 12 competitors is Avalara, a Private Equity-Backed company based in Durham, NC.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Avalara Private Equity-Backed Durham, NC
1099 Pro Private Equity-Backed Wilmington, MA
Greatland Corporation Grand Rapids, MI
TaxCloud Private Equity-Backed Austin, TX
AutoRek Private Equity-Backed Glasgow, United Kingdom
You’re viewing 5 of 12 competitors. Get the full list »

Sovos Compliance Patents

  • 3

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Sovos Compliance Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-4514301-A Method, system and computer program product for facilitating a tax transaction Inactive 30-Nov-1999
EP-1238356-A4 Method, system and computer program product for facilitating a tax transaction Inactive 30-Nov-1999
CA-2396882-A1 Method, system and computer program product for facilitating a tax transaction Inactive 30-Nov-1999 G06Q40/02

Sovos Compliance Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Sovos Compliance Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Sovos Compliance Investments & Acquisitions (27)

Sovos Compliance’s most recent deal was a Buyout/LBO with Aatrix Software. The deal was made on 11-Jan-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Aatrix Software 11-Jan-2024 Buyout/LBO Financial Software
Escontech 05-Oct-2022 Buyout/LBO IT Consulting and Outsourcing
TOC Biometrics 24-Aug-2022 Buyout/LBO Business/Productivity Software
TLI Consulting 06-Dec-2021 Buyout/LBO Accounting, Audit and Tax Services (B2B)
Digital Planet (Istanbul) 20-Oct-2021 Buyout/LBO Business/Productivity Software
You’re viewing 5 of 27 investments and acquisitions. Get the full list »

Sovos Compliance Affiliates

Subsidiaries (8)

Name Industry Location Year Founded
TOC Biometrics Santiago, Chile 2010
Stupendo Ecuador 2003
Eagle Technology Management Cedar Rapids, IA 2001
Sovos Saphety Lisbon, Portugal 2000
Foriba Istanbul, Turkey 1999
You’re viewing 5 of 8 affiliates. Get the full list.  »

Sovos Compliance FAQs

  • When was Sovos Compliance founded?

    Sovos Compliance was founded in 1979.

  • Where is Sovos Compliance headquartered?

    Sovos Compliance is headquartered in Wilmington, MA.

  • What is the size of Sovos Compliance?

    Sovos Compliance has 2,600 total employees.

  • What industry is Sovos Compliance in?

    Sovos Compliance’s primary industry is Financial Software.

  • Is Sovos Compliance a private or public company?

    Sovos Compliance is a Private company.

  • What is Sovos Compliance’s current revenue?

    The current revenue for Sovos Compliance is .

  • How much funding has Sovos Compliance raised over time?

    Sovos Compliance has raised $175M.

  • Who are Sovos Compliance’s investors?

    TA Associates Management and Hg have invested in Sovos Compliance.

  • Who are Sovos Compliance’s competitors?

    Avalara, 1099 Pro, Greatland, TaxCloud, and AutoRek are some of the 12 competitors of Sovos Compliance.

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