Taxware

Wilmington, United States Founded: 1979 • Age: 47 yrs Acquired By ADP
Tax compliance management solutions are offered through Taxware platform.

About Taxware

Taxware is a company based in Wilmington (United States) founded in 1979 was acquired by ADP in October 2006.. Taxware has completed 1 acquisition, including Sovos. Taxware operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, OpenEnvoy and Beppo, among others.

  • Headquarter Wilmington, United States
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Enterprise Software & Productivity Solutions
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    ADP

    (Oct 30, 2006)

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Funding Insights of Taxware

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

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Investors in Taxware

Taxware has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ADP. 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.

All
Institutional
Investor Description Founded Year Domain Location
Cloud-based HR management solutions are offered for payroll and compliance.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Taxware

Taxware has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sovos. 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.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Tax compliance software is provided for finance and related sectors.
1986
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Taxware

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Taxware Comparisons

Employees
+
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Competitors of Taxware

Taxware 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, OpenEnvoy and Beppo, 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
Cloud-based tax compliance solutions are delivered for businesses worldwide.
domain founded_year HQ Location
Tax compliance software solutions are provided for business operations.
domain founded_year HQ Location
Compliance management platforms are provided for financial institutions' regulatory needs.
domain founded_year HQ Location
Cloud-based AI detects fraud in business accounts payable processes.
domain founded_year HQ Location
Bookkeeping and tax compliance platform for SMEs and freelancers
domain founded_year HQ Location
Tax and compliance management solutions are offered to businesses.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Taxware

Frequently Asked Questions about Taxware

When was Taxware founded?

Taxware was founded in 1979.

Where is Taxware located?

Taxware is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.

Who is the current CEO of Taxware?

Andrew Hovancik is the current CEO of Taxware.

What does Taxware do?

Taxware was established in 1979 in Wilmington, United States, within the financial technology sector. A platform is provided by the company to manage tax compliance processes for businesses. Operations focus on software solutions that handle tax calculations, reporting, and regulatory adherence. Services are delivered globally, supporting various industries with automated tools for accuracy and efficiency in tax obligations. The leadership is headed by CEO Andrew Hovancik.

Who are the top competitors of Taxware?

Taxware's top competitors include Avalara, Exactera and TAINA Technology.

How many acquisitions has Taxware made?

Taxware has made 1 acquisition, including Sovos.

Who are Taxware's investors?

Taxware has 1 investor. Key investors include ADP.

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