Avalara: New Horizons Systems

Avalara, provider of web-hosted sales tax management services announced that it has entered into an exclusive agreement to purchase New Horizons Systems, LLC, a supplier of business geographic and tax jurisdiction assignment software products and data files. By acquiring New Horizons Systems, LLC, Avalara expects to accelerate delivery of next generation services while enhancing its position as the industry’s premier accurate sales tax management service provider.

Specializing in special tax district geometry, New Horizons Systems is one of only two data providers for geographic tax determination in the United States. Once the acquisition is finalized, Avalara will be the only provider in North America of end-to-end sales tax management services with this level of GIS mapping technology.

“The data sets provided by New Horizons Systems create geographic boundary files that are consumable using map viewers. By layering shape files for state, county, city and special taxing district boundaries onto a map, business professionals can visually see the intersection of these geographic boundaries and the resulting highly accurate taxing regions,” said Rory Rawlings, founder and chief tax automation officer of Avalara.

“This acquisition will help facilitate sales tax management software innovation and ensure that AvaTax continues to be the fastest, easiest, most accurate and affordable way for small and mid-sized businesses to manage compulsory sales tax functions,” said Scott McFarlane, CEO of Avalara.

Source : http://home.businesswire.com