It is the fourth acquisition by Sovos in 2020. This week, Sovos hired Terry Melnik as general manager of the sales and use tax line. He came to Sovos from Oracle NetSuite’s OpenAir operations, where he was general manager. The former Keane consulting practice assists clients with state audits, penalty abatement, voluntary disclosures and escheated fund remission. Sovos said the acquired enterprise-level products complement Sovos’ unclaimed property SaaS platform. Earlier this month, Sovos purchased Accordance, a company based in the United Kingdom that provides value-added Value-added tax managed services and had implemented Sovos VAT Reporting software since 2018. In February, it bought Booke seminars, which provides educational seminars to employees of insurance companies and the Internal Revenue Service on topics in the property, casualty, life and health insurance sectors.Last modified on Tuesday, 28 July 2020
SOVOS BUYS UNCLAIMED PROPERTY IP Featured
Sovos has acquired Keane’s unclaimed property consulting services and reporting technology. Terms were not disclosed.