Mooreland Partners Advises Taxware on the Purchase of VAT Resource
Wilmington, MA / Hoofddorp, Netherlands — May 27, 2014 — Mooreland Partners is pleased to announce that it acted as financial advisor to Taxware, LLC, (“Taxware”) on the acquisition of VAT Resource, B.V. (“VAT Resource”).Taxware, a global provider of sales, use and value added tax determination software and compliance solutions, based in Wilmington, MA, has acquired VAT Resource, a Netherlands-based independent VAT technology, consulting and compliance outsourcing company.
Founded in 2005, VAT Resource combines its comprehensive knowledge of international VAT rules with an in-depth understanding of business processes to provide multinational clients with tailored VAT optimization, compliance and technology solutions. The acquisition enhances Taxware’s already robust VAT content for tax determination, adds global VAT capability to its compliance software and outsourcing services, and expands Taxware’s European operations.
Taxware is a leading provider of sales, use and value added tax calculation and compliance software as well as compliance outsourcing solutions to more than 1,200 customers. With a comprehensive repository of more than 210 million tax rules, Taxware tracks and analyzes tax law and forms changes in approximately 13,000 state and local jurisdictions in the U.S. and nearly 200 countries around the world. Taxware is owned by Vista Equity Partners, a leading private equity firm with over $12 billion in committed capital that invests in dynamic, successful technology-based organizations.
The acquisition of VAT Resource by Taxware marks the 10th transaction advised by Mooreland since the beginning of 2014, and further strengthens Mooreland’s position as a global M&A advisor to Enterprise Software companies.