Avalara Expands into Alcoholic Beverage Compliance through Acquisition

Avalara Expands into Alcoholic Beverage Compliance through Acquisition

(NYSE:AVLR), a leading provider of tax compliance automation
software for businesses of all sizes, today announced it has acquired
the operational assets of Compli, a provider of compliance services,
technology, and software to producers, distributors, and importers of
alcoholic beverages in the United States.

“Avalara’s mission is to serve the tax compliance needs of all companies
in all industries, worldwide,” said Marshal Kushniruk, EVP of corporate
development at Avalara. “Compli has exceptional IP, technology, and
expertise, with a broad customer base in the beverage alcohol space, and
we are fortunate to find a great team to help Avalara serve the needs of
our customers and partners.”

The regulatory maze governing the production, distribution, and sale of
beverage alcohol is complex and therefore represents a significant
burden to businesses. Since Compli was established in 1997, it has
earned a reputation as a leading supplier of compliance services to the
alcoholic beverage industry. The company specializes in beverage
compliance and has served thousands of wineries, distilleries,
breweries, wholesalers, and importers through its customers.

“We are excited to join the Avalara team,” said Compli CEO and founder
Rachel Dumas Rey. “We built Compli to make complex compliance challenges
simple on behalf of our customers, and through Avalara we can expand our
ability to serve our existing customers while gaining the opportunity to
extend our services to new audiences.”

About Avalara

Avalara helps businesses of all sizes get tax compliance right. In
partnership with leading ERP, accounting, ecommerce and other financial
management system providers, Avalara delivers cloud-based compliance
solutions for various transaction taxes, including sales and use, VAT,
excise, communications, and other indirect tax types. Headquartered in
Seattle, Avalara has offices across the U.S. and around the world in the
U.K., Belgium, Brazil, and India. More information at avalara.com

Source: Avalara, Inc.

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