EZtax Inc. has just been acquired by Avalara Inc., a Washington state firm that offers cloud-based solutions for sales and excise tax compliance.
That appears to be a good fit for EZtax, which creates tax-compliance software geared to the telecom industry. The Overland Park firm was founded in 1997 by CEO Tim Lopatofsky.
“As a market leader for cloud-based tax compliance automation, Avalara is the perfect complement for EZtax and our customers,” Lopatofsky said. “Their platform, vision, and highly-effective sales and marketing engine will help accelerate our business and meet the demand in the fast-growing worldwide telecom market.”
Acquiring EZtax is another move by Avalara to expand its lineup of services.
“EZtax offers an extensive tax library that supports thousands of telecom services worldwide,” said Scott McFarlane, founder and CEO of Avalara.
“Tax data is updated on a continuous basis by a team of experienced telecom tax experts who understand the complex rules and regulations to keep pace with changes that are required for compliance. We look forward to leveraging EZtax’s expertise and content to extend our reach, and help make compliance easier and more accurate for telecom service providers worldwide.”
(Lopatofsky recently wrote a guest article for Thinking Bigger Business Media about how his experience in the Helzberg Entrepreneurial Mentoring Program helped him build EZtax Inc. Read it here.)