Sovos Compliance - About the company
Sovos Compliance is an acquired company based in Wilmington (United States), founded in 1979 by Mohamed Elmitwalli. It operates as a Provider of cloud platform for automated tax and regulatory compliance. Sovos Compliance has raised an undisclosed amount in funding from TA. The company has 1485 active competitors, including 105 funded and 104 that have exited. Its top competitors include companies like Avalara, TaxDown and Workiva.
Company Details
Provider of cloud platform for automated tax and regulatory compliance. The platform offers solutions for e-invoicing, indirect taxes, information reporting, and identity verification. It assists with tax determination, filing, reporting, and withholding. The platform also provides tools for unclaimed property, compliant shipping for wines and spirits, and statutory reporting for insurance.
- Website
- sovos.com
- Social
- Email ID
- *****@sovos.com
- Phone Number
- +1 **********
- Registered Address
- Wilmington, Massachusetts
Key Metrics
Founded Year
1979
Location
Wilmington, United States
Stage
Acquired
Latest Funding Round
Ranked
24th among 1485 active competitors
Employee Count
1,799 as on Jan 31, 2026
Exit Details
Acquired by Hg (Jan 19, 2016)
Legal entities associated with Sovos Compliance
Sovos Compliance is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SOVOS COMPLIANCE, LLC CIN: 696608 , United States, Active | Dec 27, 2021 | - | - | - |
SOVOS COMPLIANCE LLC CIN: 461379693 , United States, Active | Dec 31, 1999 | - | 818 (As on Dec 31, 2024) | - |
Sovos Compliance's acquisition details
Sovos Compliance got acquired by Hg on Jan 19, 2016.
Click here to take a look at Sovos Compliance's acquisition in detail
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Sovos Compliance's funding and investors
Sovos Compliance has raised funding over 1 round. Its latest funding round was a PE round on Aug 20, 2020 for $*****. 1 investor participated in its latest round. Sovos Compliance has 3 institutional investors.
Here is the list of recent funding rounds of Sovos Compliance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 20, 2020 | 8731866 | PE | 4472365 | 7225633 | 8002917 | 5932236 |
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Sovos Compliance's founders and board of directors
Founder? Claim ProfileThe founders of Sovos Compliance is Mohamed Elmitwalli. Kevin Akeroyd is the CEO of Sovos Compliance.
Here are the details of Sovos Compliance's key team members:
- Mohamed Elmitwalli: Ceo And Founder of Sovos Compliance and founder of 1 other company.
- Kevin Akeroyd: CEO of Sovos Compliance. Contact Info: 1 email address
View details of Sovos Compliance's Founder profiles and Board Members
Sovos Compliance's employee count trend
Sovos Compliance has 1,799 employees as of Jan 26. Here is Sovos Compliance's employee count trend over the years:
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Sovos Compliance's Competitors and alternates
Top competitors of Sovos Compliance include Avalara, TaxDown and Workiva. Here is the list of Top 10 competitors of Sovos Compliance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Avalara 2004, Seattle (United States), Acquired | Provider of cloud-based solutions for tax compliance and related services | $343M | 81/100 | |
2nd | Cloud and app-based tax management solutions for individuals and businesses | $26.1M | 69/100 | ||
3rd | Workiva 2008, Ames (United States), Public | Cloud based compliance and reporting management platform | $56.1M | 67/100 | |
4th |  Vertex 1978, King Of Prussia (United States), Public | Provider of tax technology software and solutions for global businesses | - | 65/100 | |
5th | Provider of assisted and DIY online tax filing services | $3.68M | 65/100 | ||
6th | Provider of tax and financial solutions for individuals and businesses | - | - | 64/100 | |
7th | Provider of application for completing and submitting tax returns | $330M | 64/100 | ||
8th | Anrok 2020, San Francisco (United States), Series C | Provider of automated sales tax compliance software for modern commerce | $109M | 64/100 | |
9th |  Unifiedpost Group 2001, La Hulpe (Belgium), Public | Provider of digital solutions for automating financial processes and tax compliance | $59.7M | 64/100 | |
10th | Provider of automated VAT and GST reclaim and compliance solutions | $5M | 63/100 | ||
24th |  Sovos Compliance 1979, Wilmington (United States), Acquired | Provider of cloud platform for automated tax and regulatory compliance | - | 59/100 |
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Sovos Compliance's Investments and acquisitions
Sovos Compliance has not made any investments yet. Sovos Compliance has made 27 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 02, 2025 | Acquisition | 1994 | Mumbai (India) | |
Jan 11, 2024 | Acquisition | 1986 | Grand Forks (United States) | |
Oct 07, 2022 | Acquisition | 2010 | Lima (Peru) |
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Reports related to Sovos Compliance
Here is the latest report on Sovos Compliance's sector:
News related to Sovos Compliance
Filter this listMedia has covered Sovos Compliance for a total of 17 events in the last 1 year, 7 of them have been about partnerships and 3 about company updates.
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Sovos Expands Indirect Tax Footprint with New SAP® Certified Solutions for Global ComplianceBusiness Wire•Dec 16, 2025•Sovos Compliance
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Sovos Appoints Peter Gaffney as Chief Information OfficerMetro Atlanta CEO•Oct 08, 2025•Sovos Compliance
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Dispatch Secures $18M to Advance AI Agents in Wealth ManagementPYMNTS.com•Sep 05, 2025•Dispatch, Choreo, MLB, Sanctuary Wealth and 10 others
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Sovos Partners with Epicor to Deliver AI Tax Compliance for ManufacturingBusiness Wire•Sep 03, 2025•Sovos Compliance, Epicor
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