Latest news with #taxsoftware
Reuters
22-07-2025
- Business
- Reuters
Avalara confidentially files for US IPO, eyes return to public markets
July 21 (Reuters) - Tax software company Avalara, which went private in 2022, disclosed on Monday it had confidentially filed for a U.S. initial public offering, indicating plans to go public again amid growing investor optimism for IPOs. The terms of the offering were not disclosed. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 but was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. The filing underscores the broadening of the U.S. IPO market — from originally venture capital-backed deals focused on growth to private equity-backed offerings where the IPO acts as a catalyst for capital structure changes, said IPOX CEO Josef Schuster. In April, tax firm Andersen had also filed confidentially for a U.S. listing. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The Seattle-based company counts Adidas, Crocs (CROX.O), opens new tab and Reebok among its customers. Companies often file for IPOs confidentially to keep details about their financial and strategic plans private, while engaging with regulators and potential investors.
Geek Wire
22-07-2025
- Business
- Geek Wire
Avalara files for IPO as tax software giant aims to go public again
(GeekWire File Photo) Avalara is going public — again. The tax software giant confidentially filed for an IPO on Monday, signaling plans to become public company. It's part of a small-but-growing wave of companies starting to hit the public market as the IPO window reopens. Avalara, which helps online retailers and others adhere to complex tax regulations, previously went public in 2018 and was acquired in a $8.4 billion deal with Vista Equity Partners in 2022. The company's market capitalization was above $16 billion during the pandemic and its quarterly revenue topped $200 million before the Vista deal. Avalara CEO Scott McFarlane co-founded Avalara 14 years ago with Rory Rawlings and Jared Vogt on Bainbridge Island, Wash. Rawlings left in 2015 and Vogt left in 2012. Avalara relocated its headquarters to North Carolina after the Vista acquisition and downsized its Seattle office. The company still maintains a 'significant presence' in the Seattle region, according to a spokesperson. The company has 5,300 employees worldwide. It recently hired Seattle-based marketing vet Adrianna Burrows as executive vice president and chief marketing officer.
Yahoo
21-07-2025
- Business
- Yahoo
Tax software company Avalara confidentially files for US IPO
(Reuters) -Tax software company Avalara disclosed on Monday it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grows. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 and was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The terms of the offering were not disclosed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
21-07-2025
- Business
- Reuters
Tax software company Avalara confidentially files for US IPO
July 21 (Reuters) - Tax software company Avalara disclosed on Monday it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grows. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 and was taken private in 2022, when it was acquired by private equity firm Vista Equity Partners in a deal that valued the company at $8.4 billion, including debt. Founded in 2004, Avalara runs a cloud-based software platform that helps companies with tax compliance. The terms of the offering were not disclosed.
Yahoo
10-07-2025
- Business
- Yahoo
Three Strategic Moves Powering Intuit's Next Decade of Growth
Intuit is well-positioned to expand the reach of its core services. The next step is to upsell and grow the ecosystem over time. The company is expanding beyond its core markets. 10 stocks we like better than Intuit › Intuit (NASDAQ: INTU) has come a long way from being just a tax software provider. Today, it's a deeply embedded financial platform powering small businesses, self-employed workers, consumers, and marketers. With flagship products like TurboTax, QuickBooks, Credit Karma, and Mailchimp, the company has built a sticky, interconnected ecosystem. But what comes next? At its fiscal 2025 Investor Day, Intuit outlined three major growth levers: expanding its core services, increasing revenue per customer beyond its tax products, and expanding globally. Together, they form a durable growth playbook designed to sustain long-term performance. Intuit's first growth lever is obvious: to deepen its presence in its core verticals -- tax, accounting, personal finance, and marketing -- by increasing penetration across both existing and underserved customer segments. In the U.S., millions of small businesses, solopreneurs, and gig workers still don't use professional software to manage their accounting and finances. However, Intuit is providing a compelling reason for them to consider its suite of products, particularly as it integrates artificial intelligence (AI) into QuickBooks and TurboTax to simplify processes and minimize manual input. The goal is to make the first-time experience effortless -- whether that's auto-categorizing expenses or surfacing personalized tax deductions. Moreover, the company has recognized that midmarket businesses will be a key growth category in the coming years, marking a shift from its previous focus on individuals and small businesses. Here, it leverages its years of experience and investment in its platforms, including QBO Advanced and Intuit Enterprise Suite, to help mid-market customers run and grow their businesses. To put the opportunity size into perspective, the total addressable market (TAM) for its core services across its platform is $71 billion. Another way to look at it is that there is a TAM of 47 million small businesses and 242 million consumers who Intuit can target, leaving a long runway for converting non-digital or partially served users into full-paying customers. Besides recruiting new customers, Intuit can expand its presence within already penetrated segments by encouraging customers to utilize more tools that are already available to them. For example, the company can encourage customers who have started with the bookkeeping function to eventually adopt adjacent tools, such as invoicing, payments, and payroll. Needless to say, the opportunity is massive! Getting customers started with the company, whether in QuickBooks or Mailchimp, is just the beginning point. The next crucial step is to get them to embark on a journey of adopting additional services within the ecosystem. This effort could involve bundling TurboTax with QuickBooks for self-employed users, integrating Mailchimp into QuickBooks to streamline customer outreach, and utilizing Credit Karma insights to help businesses and consumers make more informed financial decisions. The idea is to provide an end-to-end solution to its customers, making it the sole trusted platform for customers to run their businesses. Here, an important enabler is the use of AI. For instance, the rollout of Intuit Assist -- its generative AI assistant -- across all its products is meant to help businesses do more with less. Whether it's automating cash flow forecasts, resolving support queries, or surfacing personalized tax tips, AI isn't just enhancing the product; it's also improving the overall user experience, making it more compelling for customers to adopt new products. Another key initiative is connecting customers to human experts. Through TurboTax Live and QuickBooks Live, Intuit is combining AI-powered tools with professional advice to support customers with their needs. These expert networks also create an upsell path for users who require more in-depth guidance while expanding Intuit's revenue streams beyond DIY software. Similarly, by combining TurboTax and Credit Karma, Intuit is targeting the tax and financial solution industry, which has a TAM of $135 billion. Particularly, by leveraging data to match users with products such as loans, credit cards, insurance, and other financial products, Intuit is building a financial marketplace that could become the next leg of its growth story. Intuit's third growth lever is international expansion. The logic is straightforward: Small businesses are prevalent everywhere, and most still lack access to modern financial software. The company is focused on replicating its U.S. playbook in markets such as Canada, the U.K., and Australia, starting with core accounting tools and layering on tax, payroll, and marketing as trust is built. What makes this compelling is the company's ability to leverage its ecosystem model. Once a customer adopts one product, they're far more likely to use another. The more tools they adopt, the stickier they become. For perspective, expanding globally adds more than $300 billion in TAM for the company. If successful, international could be the next long-term revenue engine, complementing Intuit's more mature U.S. operations. Intuit isn't just reinventing itself; it's scaling what already works. With its ecosystem strategy, growing use of AI, and expanding addressable market, the company is positioning itself to compound value for years to come. For long-term investors, this is a business worth keeping a close eye on. Before you buy stock in Intuit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Lawrence Nga has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy. Three Strategic Moves Powering Intuit's Next Decade of Growth was originally published by The Motley Fool
