About Sovos
Sovos is a company based in Wilmington (United States) founded in 1979 was acquired by Hg in January 2016. It operates as a SaaS (Software-as-a-Service). Sovos has completed 24 acquisitions, including 1099 Pro, Aatrix and Accordance VAT. Sovos offers products and services including Compliance Cloud Platform, Indirect Tax Suite, and Information Reporting Suite. Sovos operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
- Headquarter Wilmington, United States
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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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- Legal Name Sovos Compliance, Llc
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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.
People of Sovos
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Sales and Marketing
57 people
Software Development Team
49 people
Leadership Team
48 people
Product Management Team
47 people
Legal and Compliance
17 people
Senior Team
11 people
Finance and Accounting
10 people
Human Resources and Administration
9 people
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Funding Insights of Sovos
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2020 | Amount | Private Equity Round - Sovos | Valuation | TA |
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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 |
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Multiple sectors are invested in by private equity firm TA.
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Private equity investments in Europe are managed by Hg.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth enterprise software and technology companies.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sovos
Sovos has strategically engaged in corporate development activities, having acquired 24 companies. Notable acquisitions include 1099 Pro, Aatrix and Accordance VAT.
Financial Statements - Sovos
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 Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based tax compliance solutions are delivered for businesses worldwide.
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Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
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Sales tax management is offered for online retailers.
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Cloud-based tax calculations & compliance solutions for small businesses
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| domain | founded_year | HQ Location |
Bookkeeping and tax compliance platform for SMEs and freelancers
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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 24 acquisitions, including 1099 Pro, Aatrix, and Accordance VAT.
Sovos has 3 investors. Key investors include Hg, TA Associates, and Vista Equity Partners.