Avalara Inc

NYSE:AVLR   3:59:56 PM EDT
+2.82 (+1.86%)
Mergers / Acquisitions

Avalara Acquires Transaction Tax Resources

Published: 10/05/2020 20:20 GMT
Avalara Inc (AVLR) - Avalara Acquires Transaction Tax Resources, Inc., Enhancing Its Enterprise Capabilities and Creating the Leading Content Database for Tax.
Avalara Inc - Deal for $377 Million in Cash.
Avalara - Estimates on a Standalone Full-year Basis Ttr Would Produce About $20 Million in 2020 GAAP Revenue and Be Break-even on GAAP Operating Income.
Avalara Inc - Acquired Ttr for About $377 Million in Cash With a Portion Held Back for 2-year Earnout & to Satisfy Potential Future Indemnity Claims.