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.
With 2020 in the rearview, retailers are seeing increased ecommerce sales, expanding into new markets and demographics. But emerging legislation presents a wild card, and states are auditing more closely to recapture lost sales tax revenue. Join MCM and Vertex expert Pete Olanday in this live webinar that explores the issues.
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.
Today’s customers having high expectations from retailers to deliver an optimal experience. And while retailers are doing what they can to jump through the right hoops to deliver on their brand promises, they do so in the face of government oversight. Join Multichannel Merchant and Vertex for a free live webinar on Tuesday, April 23 at 1 p.m. (EST) to learn more about recent legislative changes such as global tax on the digital economy, real-time reporting, and the Supreme Court ruling on S. Dakota v. Wayfair and their effects on organizations. If you can’t make it to the live webinar, you can still register and access the on-demand version, available immediately afterwards to view at your convenience.
FREE ON DEMAND WEBINAR – Join Multichannel Merchant and Vertex to learn more about the recent legislative changes such as global tax on the digital economy, real-time reporting and the Supreme Court ruling on S. Dakota v. Wayfair and the ruling’s effect on organizations.