Compliance with the myriad of regulations in each state is a challenge for companies in the beverage alcohol industry We are excited to combine our technology and industry expertise with the reach and resources of Sovos Compliance.
BOSTON, MA and BOULDER, CO (PRWEB) April 02, 2015
Sovos Compliance, an industry leader in tax compliance and reporting, has acquired Boulder-based ShipCompliant, the leading compliance and tax solution provider for the beverage alcohol market.
ShipCompliant is the industry leader in compliance solutions for the beverage alcohol industry. The two companies will integrate their complementary tax compliance solutions to assist businesses navigating the demanding regulatory environment for beverage alcohol registration, tax rate determination, compliance management, and reporting.
“ShipCompliant expertly addresses the complex regulatory challenges faced by businesses in the beverage alcohol industry,” said Andy Hovancik, CEO of Sovos Compliance. “We are excited to leverage the tax and compliance research capabilities, deep industry expertise, and acclaimed technology to expand and accelerate our ability to meet the wide-ranging tax and regulatory compliance needs of the market.”
Founded in 2000, ShipCompliant provides an integrated SaaS-based platform for wineries, breweries, distilleries, and importers of beverage alcohol products, enabling clients to easily access consumer and wholesaler markets throughout the United States. The company draws upon its robust supply of market data to create the beverage alcohol industry’s well-known annual syndicated study of direct shipping trends, as well as educational forums for the industry including its signature annual user’s conference in Napa Valley, California. As recent winners of the Inc. 5000 Fastest-Growing Companies and the Mercury 100 Fastest-Growing Startups awards, ShipCompliant serves thousands of beer, wine, and spirits suppliers with a superior level of customer loyalty as evidenced by an industry-leading Net Promoter Score™.
“Compliance with the myriad of regulations in each state is a challenge for companies in the beverage alcohol industry,” said Jason Eckenroth, President of ShipCompliant. “But there is significant growth for those that can master those requirements, as consumers increasingly want to order their favorite brands online. We are excited to combine our technology and industry expertise with the reach and resources of Sovos Compliance to amplify our impact, accelerate our growth and continue to make managing compliance complexity simple for our clients.”
About Sovos Compliance
Sovos Compliance designs technology solutions to help businesses meet the demands of their unique tax compliance and reporting obligations. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance utilizes a unique ability to turn knowledge into highly functional, scalable software that seamlessly integrates with a wide-array of applications and information technologies used by businesses today. Sovos Compliance gives clients peace of mind by simplifying tax compliance, providing greater control and visibility, and mitigating compliance risk.
For more information, please visit http://www.sovos.com.
ShipCompliant is the industry leader in creating SaaS compliance and transaction platforms for the beverage alcohol industry. The company makes products people use and love, reducing time to market and enabling new sales channels for wineries, breweries, distilleries, and importers of beverage alcohol products. ShipCompliant’s comprehensive web-based tools offer robust and seamless integration with order management, e-commerce, point-of-sale, and fulfillment systems, ensuring compliance at each step in the process.
For more information, please visit http://www.shipcompliant.com.