Avalara, Inc.: Avalara Closes Acquisition of INPOSIA Avalara, Inc. (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced the closing of the acquisition of INPOSIA Solutions GmbH. INPOSIA is a German software company that delivers e-invoicing, digital tax reporting, and system and data integration to support digital transformation efforts and address real-time compliance requirements for businesses.
The proliferation of real-time compliance requirements from tax authorities around the world arose from the need for financial transparency and fraud reduction. More than 60 countries rely on or have announced the intent to move to an e-invoicing system for compliance, whereby businesses must validate transactions with governments. Exact requirements differ between countries and vary based on timeliness of reporting, types of invoices that need to be filed, value thresholds for reporting, and formatting. Businesses rely on technol
Avalara to Acquire Inposia Solutions – Finsmes
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Avalara Signs Definitive Agreement to Acquire INPOSIA
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Avalara, Inc. (NYSE: AVLR), a Seattle, WA-based provider of tax compliance automation for businesses of all sizes, is to acquire Inposia Solutions GmbH, a German software company focused on e-invoicing, digital tax reporting, and business and data integration to address real-time compliance requirements for companies worldwide.
Financial terms of the deal were not disclosed. The transaction is subject to satisfaction of closing conditions and is expected to close in the first half of 2021.
Led by Muzaffer Havcarci, CEO, Inposia provides e-invoicing, digital tax reporting, and business and data integration solutions to address real-time compliance requirements for companies worldwide. Inopsia offers technology to integrate business processes and data directly with other B2B partners, directly with governments, and across the multiple digital business systems used by operations and finance teams. The company currently serves customers across Latin America, Europe and Asia to send and