About Sovos
Sovos is a company based in Wilmington (United States) founded in 1979 was acquired by Hg in January 2016.. The company has 978 employees as of December 31, 2021. Sovos operates in a competitive market with competitors including TaxAct, TaxDown, OnlinePajak, Blue dot and Anrok, among others.
- Headquarter Wilmington, United States
- Employees 978 as on 31 Dec, 2021
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of Sovos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sovos
Sovos has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Hg. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sovos
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sovos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sovos Comparisons
Competitors of Sovos
Sovos operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TaxAct, TaxDown, OnlinePajak, Blue dot and Anrok, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tax filing software is offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Cloud and app-based tax management solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Tax reporting SaaS platform is provided for SMEs.
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| domain | founded_year | HQ Location |
Tax compliance solutions are delivered for employees and businesses.
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| domain | founded_year | HQ Location |
Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Sovos
When was Sovos founded?
Sovos was founded in 1979.
Where is Sovos located?
Sovos is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
How many employees does Sovos have?
As of Dec 31, 2021, the latest employee count at Sovos is 978.
What does Sovos do?
Sovos (fka Taxware) is a leading provider of end-to-end suite of regulatory tax compliance software to manage sales, use, and value-added tax and 1099-form family calculation and filing for customers of all sizes across verticals. It manages all aspects of the tax compliance process, from tax calculation, forms completion and ultra-high-volume filing to secure funds transfer to state and local revenue departments. Its tax calculation engine leverages the industrys most comprehensive repository of more than 210 million tax rules in 13,500 plus jurisdictions across more than 200 countries. Vista Equity Partners Fund IV completed a buyout of the Taxware business from ADP in December 2012 and rebranded the company Sovos Compliance in February 2015.
Who are Sovos's investors?
Sovos has 1 investor. Key investors include Hg.