Avalara announced today that it’s adding support for Brazilian taxes to its global tax compliance platform thanks to its acquisition of technology and content from SuitePlus, a company headquartered in Florianopolis, Brazil.
“Brazilian taxes are some of the most complicated in the world for businesses to process accurately and efficiently,” Avalara founder and CEO Scott McFarlane said in a press release. “Our agreement with SuitePlus allows Avalara to address this complexity both within and outside of Brazil.”
The Bainbridge Island-based company will be integrating and maintaining SuitePlus’s technology immediately, and add it to its cloud compliance platform that already covers more than 100 countries worldwide. Avalara will also begin offering support for returns preparation, filing and remittance across jurisdictions in Brazil to users of its platform.
Today’s news is part of a long line of acquisitions for Avalara, which has been aggressive in picking up companies that will help it expand its business. A week ago, the company announced that it acquired HotSpot Tax, which offers tax compliance solutions for the vacation rental industry. The 10-year-old company has raised $142 million in two investment rounds over the past four months.