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TAXWARE, CONVEY MERGE Featured

Andy Hovancik, Taxware Taxware, which markets sales and value-added tax products, has acquired Convey Compliance Systems, a third-party filer of 1099s. Both were portfolio companies of Vista Equity Partners. The official description from the press release issued by Burlington, Mass.-based Taxware quotes Taxware CEO Andy Hovancik as follows: “Our company is now capable of expertly monitoring extensive and complex regulatory environments, developing and dynamically updating tax content, integrating with disparate enterprise applications, efficiently translating and storing data in a single relevant repository for reporting and reconciliation, and streamlining all facets of compliance reporting.”

Taxware will also be streamlining operations, and we know what that means. Convey, founded in 1986, processed about 250 million information returns this year. Other companies in the Vista family include Aptean, which was likewise a merger of Vista properties CDC Software and Consona. Aptean markets the Ross and Made2Mange EPR system and Pivotal and Onyx CRM. Autotask, which provides products for managed service providers, is also in the stable.

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