Tax Systems
About Tax Systems
Tax Systems is a company founded in 1991 was acquired by Providence Equity Partners in April 2025. It operates as a SaaS (Software-as-a-Service), and Managed Services. Tax Systems has completed 2 acquisitions, including Loctax and TaxModel. Tax Systems offers products and services including Alphatax, Pillar2, AlphaVAT, and TPdoc. Tax Systems operates in a competitive market with competitors including TaxAct, TaxDown, TaxScouts, Exactera and Drake Software, among others.
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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 Tax Systems Limited
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Annual Revenue
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Net Profit
$-750.95 K (USD)76as on Dec 31, 2020
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EBITDA
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Latest Funding Round
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Investors
MXC Capital
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Loctax
& 1 more
- Acquired by
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Products & Services of Tax Systems
Tax Systems offers a comprehensive portfolio of products and services, including Alphatax, Pillar2, AlphaVAT, and TPdoc. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Corporate tax compliance is supported for multiple regions.
Global Pillar Two compliance is streamlined through SaaS.
VAT processes are automated for UK compliance needs.
Transfer pricing documentation is produced with OECD compliance.
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Funding Insights of Tax Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Tax Systems
Tax Systems has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MXC Capital, Bowmark Capital and Providence Equity. 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 services and technology sectors, focusing on growth companies.
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Founded Year | Domain | Location | |
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Private equity investments in media, communications, education, and technology sectors.
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Funding and advisory services are offered to TMT sector companies.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Tax Systems
Tax Systems has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Loctax and TaxModel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Compliance management platform
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2020 | ||||
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Tax workflow solutions for professionals
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tax Systems
| 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 |
Tax Systems Comparisons
Competitors of Tax Systems
Tax Systems 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, TaxScouts, Exactera and Drake Software, 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 planning is delivered via chatbots and human advisors.
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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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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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Tax Systems
Frequently Asked Questions about Tax Systems
When was Tax Systems founded?
Tax Systems was founded in 1991.
What does Tax Systems do?
Tax compliance and reporting solutions are offered by Tax Systems, focusing on corporate tax, VAT, transfer pricing, and global minimum tax compliance. Services are extended across the UK, Ireland, and UAE, with SaaS platforms like Alphatax and Pillar2. Automation and generative AI are utilized to streamline tax processes, ensuring compliance with local and international regulations. Sectors served include accounting, finance, and tax professionals, with additional managed services for documentation and benchmarking.
Who are the top competitors of Tax Systems?
What products or services does Tax Systems offer?
Tax Systems offers Alphatax, Pillar2, AlphaVAT, and TPdoc.
How many acquisitions has Tax Systems made?
Who are Tax Systems's investors?
Tax Systems has 3 investors. Key investors include MXC Capital, Bowmark Capital, and Providence Equity.