Seattle-based tax software company Avalara Inc. (NYSE: AVLR) has acquired 3CE Technologies, a commodity classification company headquartered in Montreal.
With 3CE, Avalara has now acquired three companies since the start of October. An Avalara spokesperson said the companies are not disclosing financial terms of the deal, which was announced Tuesday.
3CE's technology automates the process of identifying and mapping codes for cross-border transactions. The acquisition will enable Avalara "to make it easier to sell anywhere in the world across new industries and use cases,” Craig Reed, general manager of cross-border at Avalara, said in a news release.
Avalara announced the acquisition of the Stanford, California-based e-filing company Track1099 on Oct. 1. Later in October, the company announced it had acquired CrowdReason LLC, a property tax software company headquartered in Carrollton, Texas. Avalara didn't disclose the financials of either deal.
The three acquisitions since Oct. 1 are just the latest deals Avalara has made in an already busy year for the company on the acquisition front. The company acquired Davo Technologies and Inposia in April. In December, Avalara acquired Impendulo Limited. Avalara didn't disclose financials on any of those deals.
Avalara was founded in 2004 and went public in 2018. The company's technology is designed for sales and use tax, consumer use tax and international tax. Its clients include big names like Zillow and Pinterest. Avalara reported second quarter 2021 revenue of $169.1 million, up from $116.5 million during the second quarter of 2020. The company has its third quarter 2021 earnings call on Thursday.
3CE, meanwhile, was founded in 1999. The company aims to help clients with customs compliance and global trade management through its technology. 3CE's clients include Kia and John Deere.
