Yesterday, Avalara announced the acquisition of DAVO Technologies’ operational assets. DAVO’s technology supports over 4,000 small businesses in the US by connecting to POS systems to extract the amounts of tax owed, set sales tax funds aside, hold the funds, and then file and pay their sales tax for them when they are due to state and local tax authorities.
“Avalara and DAVO are natural extensions to one another; our services are complementary, and we believe there is an immediate opportunity for value to their customers and our shared partners,” said Jayme Fishman, EVP of corporate development at Avalara. “The DAVO team has built an excellent, customer-centric product and we are delighted to partner with them to help improve and expand upon their capabilities.”
“This acquisition is an amazing opportunity for the DAVO team, partners, and especially our customers. There has never been a more important time to support the local business community — the backbone to local economic development and community support. We are confident that together with Avalara we can make their day-to-day even easier, so they can focus on their business and leave the sales tax to us,” said Pete Murray, CEO of DAVO Technologies.
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