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Avalara Being Acquired by Vista Equity Partners for $8.4B

| Mike O'Brien

Avalara, a provider of tax compliance automation software, is being acquired and taken private by global investment firm Vista Equity Partners for $8.4 billion, a generous 27% premium over the July 6 closing price as demand grows worldwide from retailers needing to sort out complex tax issues.

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Vertex Acquires Tellutax

| Mike O'Brien

Vertex, a provider of tax technology and services, has acquired Tellutax, a Portland, OR-based edge computing technology startup that designs technology utilizing a container architecture for business customers to deliver tax solutions. This is Vertex’ first acquisition since going public in 2020 and will help it compete with Avalara.