About Sovos
Sovos is a Technology company based in Wilmington (United States) founded in 1979, and was acquired by Hg in January 2016. It operates as a tax and compliance management solutions are provided for businesses. It operates on a SaaS (Software-as-a-Service) model. Sovos has completed 25 acquisitions, including 1099 Pro, Aatrix and Accordance VAT. Its chief executive is Kevin Akeroyd. Its website sovos.com draws about 877 thousand monthly visits. Sovos offers products and services including Compliance Cloud Platform, Indirect Tax Suite, and Information Reporting Suite. Its focus areas include Software and Tax Compliance Software. Its legal entity is Sovos Compliance, LLC. Its competitors include Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Sovos is relied upon for delivering comprehensive tax compliance solutions through its Compliance Cloud Platform. The platform is designed to handle e-Invoicing, indirect tax determination, filing, and information reporting obligations across over 200 countries. Solutions are tailored for various industries and tax types, including specialty products for unclaimed property and beverage alcohol compliance. Sovos is trusted by over 100,000 companies, including half of the Fortune 500, to navigate the complexities of regulatory environments with analytics and reduced maintenance costs.
Products & Services of Sovos
Sovos offers a comprehensive portfolio of products and services, including Compliance Cloud Platform, Indirect Tax Suite, and Information Reporting Suite.
Platform for global tax and regulatory compliance needs.
Solution for processing e-Invoices and indirect tax filing.
Tool for 1099 reporting and tax withholding tasks.
Funding Insights of Sovos
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Sovos with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | – | Private Equity Round | – | TA | – |
3 investors in total: 3 institutional.
Investors in Sovos
Sovos has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Hg, TA Associates and Vista Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by private equity firm TA. | – | ta.com | Boston, United States | |
Private equity investments in Europe are managed by Hg. | 1990 | hgcapital.com | London, United Kingdom | |
Investments are directed toward high-growth enterprise software and technology companies. | – | vistaequitypartners.com | Austin, United States |
Investor details for Sovos
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Sovos
306 people are tracked at Sovos (129 in leadership, 1 in board & advisors, 176 in team).
| Name | Role | Group |
|---|---|---|
Ruth Fornell | President, Commercial Operations | Leadership |
Alice Katwan | President, Revenue | Leadership |
Laura Handler | Chief of Staff | Leadership |
Gregory Spratto | COO | Leadership |
Steven Sprague | Chief Product & Strategy Officer | Leadership |
Eric Lefebvre | Chief Technology Officer | Leadership |
Chris Clinton | Chief Partner Officer | Leadership |
Kevin Akeroyd | CEO | Leadership |
Colleen Schlagel | Chief Talent Officer | Leadership |
Leah Rasori | CMO | Leadership |
Andres Landerretche | Director Regulatory Analysis & Design, Latam | Leadership |
Nancy Norsby | Director Of Sales | Leadership |
Sergio Severo | Managing Director Latam | Leadership |
Brian Paterson | Vice President Of Sales | Leadership |
Roberta Folta | Director, Renewals EMEA | Leadership |
Edgardo Fernando Pimentel Ruiz | Sales Director | Leadership |
Gautam Mahanti | Vice President, APAC Operations | Leadership |
Natalie Barbaresi | GTM Business Director | Leadership |
Andrea Cotton | Director, Indirect Tax | Leadership |
Victor Martinez | Director Of User Experience | Leadership |
286 more people are available in the full profile.
Complete people profiles for Sovos
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Sovos
Sovos has strategically engaged in corporate development activities, having acquired 25 companies. Notable acquisitions include 1099 Pro, Aatrix and Accordance VAT.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Tax compliance solutions are delivered for employees and businesses. | bluedotcorp.com | Amstelveen, Netherlands | 2013 | Sep 2026 | •••• | |
GST filing and compliance solutions are provided for businesses. | irisgst.com | Mumbai, India | 1994 | Jul 2025 | •••• | |
Accounting and payroll services are provided to businesses. | aatrix.com | Grand Forks, United States | 1986 | Jan 2024 | •••• | |
Cloud, database, outsourcing, security, and IT infrastructure services are provided. | esconcorp.com | Lima, Peru | 2010 | Oct 2022 | •••• | |
Hotspot devices are provided to consumers, enabling helium network synchronization. | escontech.com | – | 2022 | Oct 2022 | •••• | |
Biometric KYC and onboarding solutions are delivered via mobile platforms. | tocbiometrics.com | Santiago, Chile | 2010 | Aug 2022 | •••• | |
Financial services are provided across Europe by TLI Group. | tligroup.eu | Munich, Germany | 0 | Dec 2021 | •••• | |
Digital transformation products and services for tax compliance are provided. | digitalplanet.com.tr | Esenler, Turkey | 2000 | Oct 2021 | •••• | |
An online platform for tax filing and compliance is provided. | 1099pro.com | Calabasas, United States | 1989 | Sep 2021 | •••• | |
Provider of commercial and financial analytics tools | petapilot.com | Porto, Portugal | 2014 | Jul 2021 | •••• |
Complete acquisition details for Sovos
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- Acquired stakes
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- Complete history
- Exports
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Timeline of Sovos
14 dated milestones of Sovos across 47 years, from founding to its latest funding, stage changes and deals.
- Founded Sovos is founded.
- Exit Acquired by Vista Equity Partners.
- Exit Acquired by Hg.
- Funding First funding round.
- Acquisition Acquires Petapilot.
- Acquisition Acquires 1099 Pro.
- Acquisition Acquires Digital Planet.
- Acquisition Acquires TLI Group.
- Acquisition Acquires TOC Biometrics.
- Acquisition Acquires Escontech.
- Acquisition Acquires Sovos.
- Acquisition Acquires Aatrix.
- Acquisition Acquires Iris GST.
- Acquisition Acquires Blue dot.
Competitors of Sovos
Sovos has 8 listed competitors in our database, 7 of them funded. They include Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avalara.com | 2004 | Seattle, United States | $342.97M | 2,220 | Cloud-based tax compliance solutions are delivered for businesses worldwide. | |
| exactera.com | 2001 | Tarrytown, United States | $73M | – | Tax compliance software solutions are provided for business operations. | |
| taina.tech | 2016 | London, United Kingdom | $18.67M | 28 | Compliance management platforms are provided for financial institutions' regulatory needs. | |
| taxdoo.com | 2016 | Hamburg, Germany | $85M | 35 | Sales tax management is offered for online retailers. | |
| taxjar.com | 2013 | San Diego, United States | $62.6M | – | Cloud-based tax calculations & compliance solutions for small businesses | |
| beppo.com | 2022 | Makati, Philippines | – | – | Bookkeeping and tax compliance platform for SMEs and freelancers | |
| fonoa.com | 2018 | Zagreb, Croatia | $85M | – | Tax management and tax recovery solution for businesses | |
| lumatax.com | 2018 | Budapest, Hungary | $13.12M | 9 | Tax and compliance management solutions are offered to businesses. |
Detailed competitors of Sovos
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Web traffic of Sovos
The website of Sovos (sovos.com) receives about 877.2K visits a month and ranks #65,242 among all websites worldwide, #4,108 in Accounting and Auditing.
- Monthly visits877.2K
▲ 26.9% vs previous month
- Unique visitors244.5K
per month
- Global rank#65,242
among all websites
- Category rank#4,108
Finance · Accounting and Auditing
- Bounce rate45%
- Pages per visit4.2
- Average visit3 min 14 sec
- DevicesDesktop 63% · Mobile 37%
Websites whose visitors overlap most with Sovos. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cloud.fitbulut.com | cloud.fitbulut.com | 100% | – | – | – |
qnbesolutions.com.tr | qnbesolutions.com.tr | 74% | – | #63,463 | – |
freshstartinfo.org | freshstartinfo.org | 71% | – | #62,935 | – |
| aibidia.com | 71% | 17.4K | #1,504,198 | View details | |
landco.my | landco.my | 70% | – | #668,868 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Sovos
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- 40 similar websites
- Audience overlap
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Top companies in GRC, Risk & Compliance Software
10 companies that operate in the same segment as Sovos (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | 350 | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | USD 105.3 M | 506 | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 504 M | – | 1,996 | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Related news about Sovos
Complete news archive for Sovos
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Frequently Asked Questions about Sovos
Sovos was founded in 1979 and raised its 1st funding round 41 years after it was founded.
Sovos is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Kevin Akeroyd is the current CEO of Sovos.
Sovos is relied upon for delivering comprehensive tax compliance solutions through its Compliance Cloud Platform. The platform is designed to handle e-Invoicing, indirect tax determination, filing, and information reporting obligations across over 200 countries. Solutions are tailored for various industries and tax types, including specialty products for unclaimed property and beverage alcohol compliance. Sovos is trusted by over 100,000 companies, including half of the Fortune 500, to navigate the complexities of regulatory environments with analytics and reduced maintenance costs.
Sovos offers Compliance Cloud Platform, Indirect Tax Suite, and Information Reporting Suite.
Sovos has made 25 acquisitions, including 1099 Pro, Aatrix, and Accordance VAT.
Sovos has 3 investors. Key investors include Hg, TA Associates, and Vista Equity Partners.
Sovos operates through Sovos Compliance, Llc.
Yes. Sovos was acquired by Hg in January 2016.
The website of Sovos receives about 877 thousand visits a month and ranks #65,242 among all websites worldwide.