.
MergerLinks Header Logo

Announced

Avalara to acquire Portway International.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

Pending

Canada

Business Process Outsourcing

outsourcing services

Private

Friendly

Synopsis

Edit

Avalara, a leading provider of tax compliance automation software for businesses of all sizes, agreed to acquire Portway International, a Canadian company that provides customers with Harmonized System classifications and outsourced customs brokerage services. Financial terms were not disclosed. “Selling globally is the next frontier for many merchants. Customs compliance can be a hidden barrier to reaching new geographies, and we want to remove that barrier for our customers,” said Scott McFarlane, co-founder and CEO of Avalara. “By combining Portway’s experience and knowledge of cross-border compliance with Avalara’s advanced technologies and expansive product content, we can help businesses reach new customers in new regions with confidence.”

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US