Tax software giant Avalara made yet another acquisition, announcing Monday that it bought property tax compliance software developer CrowdReason Limited Liability Company. Avalara will use the deal to boost offerings related to document management, tax content, and property tax returns.
Earlier this month Avalara acquired Track1099, which helps businesses manage IRS form filing requirements. Other recent Avalara acquisitions include DAVO Technologies, Business Licenses, Transaction Tax Resources, INPOSIA Solutions, and Impendulo Limited.
In August Avalara added $959.9 million to its cash balance as its business continues to benefit from the e-commerce boom and increasing regulatory obligations. The money will be used to fuel growth of the company’s compliance automation software that helps more than 30,000 companies across 95 countries manage their sales and other types of taxes. Customers include companies such as Zillow, Pinterest, Converse, Roku, Thule, and others.
