Avalara’s announcement said the deal :gives Avalara access to the global insurance compliance business, a new market that could benefit from automation technology.” It is the third acquisition by Avalara in the last five weeks and the second that puts the sales and use tax software company in a new market. At the end of October, it bought Transaction Tax Resources for about $377 million. Last month, Avalara purchases Business Licenses for about $97 million to enter the wide-ranging business license and permit market. Impendulo specializes in technology and services for multinational insurance companies, helping clients in a variety of ways from acting as the required in-country tax representative and agent, to providing rate calculations, filings, returns, and audit support.
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AVALARA BUYS INSURANCE APP BIZ Featured
Avalara has acquired Impendulo Ltd., a London, England-based company that provides application for insurance tax compliance. Terms were not disclosed.
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