Sovos completed the acquisition of 1099 PRO.

Sovos, a global tax software services provider, completed the acquisition of 1099 PRO, a provider of software and services for tax information reporting. Financial terms were not disclosed. “With disparate reporting obligations at the federal and state levels, as well as lower thresholds for reporting requirements, companies of all sizes need expert-backed software and services to stay compliant. The acquisition of 1099 Pro dramatically expands the Sovos customer base with tens of thousands of customers, as well as enterprise users in higher education; oil and gas; gaming; local, state and federal government agencies; and other industries,” Andy Hovancik, Sovos CEO.