Performant-backed BevLogic to acquire compliance assets from Avalara.

Performant-backed BevLogic, a newly formed provider of software and technology-enabled regulatory compliance services to beverage alcohol producers, agreed to acquire compliance assets from Avalara, a cloud-based platform that provides tax compliance software and automated solutions. Financial terms were not disclosed. “We are excited to partner with Rachel Rey to acquire beverage alcohol compliance solutions from Avalara and inject growth capital to strategically position BevLogic for continued success. This investment underscores our commitment to backing founders that have built mission-critical software where Performant Capital’s operating expertise can unlock future growth. We were attracted to the beverage alcohol industry’s most comprehensive regulatory compliance solution that incorporates returns, licensing, and product registration offerings,” Michael Ciaglia, Performant Capital Partner.