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AVALARA BUYS VATLIVE.COM Featured

Richard Asquith, AvalaraAvalara has acquired VATLive.com, an online service that provides tax news, analysis and rate changes. The Bainbridge Island, Wash.-based sales-and-use tax vendor, apparently putting its recently $100 million in funding to use quickly, said the deal is important in its work to expand globally by supporting indirect tax needs in other countries. Avalara will maintain and develop VATLive.com.

Richard Asquith, the former administrator of VATLive.com, joined Avalara in July and is now Avalara's VP of global tax compliance. He noted in a prepared statement that VATLive services include "country-specific guides on ever-changing tax rates, returns, registrations, and filings from across the world, referenced by thousands of unique visitors every day." Avalara's TaxRates.com portal performs a similar role in the United Sates. Last month, Avalara opened an office in the Durham, N.C., American Tobacco Historic District. The move into the 40,000-sq.-ft. facility will be completed during the first half of next year and will initially house 115 employees, including all 35 employees from the company's CertCapture office in nearby Raleigh.

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