Private Equity Portfolio
Tax compliance and business-to-government reporting software for businesses.
Sovos Compliance, LLC is a global leader in tax compliance and regulatory reporting software that safeguards businesses from the burden and risk of compliance. The Sovos Intelligent Compliance Cloud combines regulatory analysis with a cloud software platform to create an adaptable and connected global compliance solution that helps businesses stay ahead of the changing regulatory environment. The Company supports over 4,500 customers and integrates with thousands of business applications from ERP to point-of-sale to bank backend systems.
Sovos Compliance was founded in 2012 and is based in Boston, MA, with operations worldwide.
Vista Equity Partners Fund IV completed a buyout of the Taxware business from ADP in December 2012 and subsequently rebranded the Company “Sovos Compliance.”
HgCapital acquired Sovos Compliance in November 2017.
FiscalReps is a leading provider of insurance premium tax (IPT) compliance solutions. Based in Europe, the Company provides tax compliance services and software to over 400 clients globally.
Sovos Compliance acquired FiscalReps in October 2017.
Paperless is a leading electronic receipts and electronic document management company based in Latin America. Paperless provides long-term, scalable solutions that are implemented into over 40,000 systems. The Company’s electronic receipts and electronic document management technology processes over two billion documents per year for global enterprise businesses.
Sovos Compliance acquired Paperless in August 2017.
Invoiceware International is a leading provider of mission critical tax and e-invoicing software solutions that reduce the risk and cost of maintaining compliance for large multinational companies navigating the highly complex regulatory environment in Latin America.
Sovos Compliance acquired Invoiceware International in July 2016.
Imaging Science and Services, Inc. is a leading provider of cloud-based document management and compliance services. The Company’s TEAMS software helps retailers, manufacturers, and other businesses manage their sales and use exemption and resale certificates.
Sovos Compliance acquired ISSI in May 2015.
ShipCompliant is the leading compliance and tax solution provider for the beverage alcohol market. The Company provides an integrated SaaS-based platform for over 3,300 wineries, breweries, distilleries, and importers of beverage alcohol products, enabling clients to easily access consumer and wholesaler markets throughout the United States.
Sovos Compliance acquired ShipCompliant in April 2015.
Convey Compliance is a provider of third-party tax reporting technology and services to over 2,000 clients. Convey Compliance processed 250 million information returns in the 2014 tax filing season and is the leading filer of 1099 forms in the United States. Convey Compliance serves nearly half of the Fortune 500, including eight of the top 20 companies, 13 of the top 20 commercial banks, and seven of the top 20 health and life insurance companies.
Taxware and Convey Compliance merged in July 2014 and rebranded as Sovos Compliance in February 2015.
Based in The Netherlands, VAT Resource is an independent VAT technology, consulting, and compliance outsourcing company. VAT Resource enhances Taxware already robust VAT content for tax determination, adds global VAT capability to the Company’s compliance software and outsourcing services, and expands Taxware’s European operations.
Sovos Compliance acquired VAT Resource in April 2014.