Vista Equity Partners to acquire automated tax compliance company Avalara for $8.4B

Global investment giant Vista Equity Partners has announced plans to acquire automated tax compliance software provider Avalara, in an all-cash deal worth $8.4 billion.
Founded in 2004, Seattle-based Avalara works with companies including Zillow, Pinterest, and Roku, helping to automate many of the time-consuming processes involved in managing taxes in each market they operate.
Taxing times
Indeed, many governments around the world collect taxes based on where a service is consumed, rather than