Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, completed the acquisition of Avalara, a provider of tax compliance automation for businesses of all sizes, for $8.4bn. Mubadala Investment, a sovereign wealth fund, participates as co-investor alongside Vista Equity Partners. "For nearly two decades, Avalara has ambitiously pursued its vision to automate global compliance, making tax less taxing for businesses and governments around the world. As a leader in this category, we believe our continued investment in innovation and experience is exciting for our customers, partners, and employees. We are pleased to partner with Vista and will benefit from their expertise in enterprise software as we build and improve upon our cloud compliance platform,” Scott McFarlane, Avalara CEO. On October 14, 2022, Avalara shareholders approved the $8.4bn acquisition from Vista.