Company Adds VP of Engineering, Announces Record Customer Base Growth
COLUMBUS, Ohio, March 7, 2023 /PRNewswire-PRWeb/ -- Today, Arvo Tech (formerly Clarus Solutions), the platform that helps employers transform cashflow by simplifying access to employment tax credit opportunities, is announcing its new name and brand to better represent the company's mission of bringing value to the businesses they work with. In addition, Arvo is reporting a strategic leadership addition as well as upgrades to its online customer portal. These recent changes signify notable momentum for the company and, more importantly, for the SMBs it serves.
With the help of Arvo, customers have leveraged $575MM since their initial launch in 2013, and the company itself has grown by 350 percent in the past three years. From 2021 to 2022, the company grew its customer base by 73 percent, signaling the growing demand for businesses that need to take advantage of employee tax credits.
"As the industry has taken notice of our value in supporting businesses by providing easy access to employment tax credits, we recognize the importance of rebranding with a name that reflects our focus on value, innovation, and technology. Arvo means value in Finnish, and our technology platform helps to streamline reporting with real-time access to tax credit information, so the name is very fitting," said Terracina Maxwell, president & co-founder of Arvo Tech. "We look forward to our continued goal of helping more businesses access employment tax credits in 2023 and beyond."
As part of the next phase of growth, Arvo has appointed seasoned startup technology executive and product-engineering leader Todd Fox as its new VP of Engineering. Fox brings an impressive and multifaceted background in helping corporations like Abercrombie & Fitch, Manta, and Quantum Health adopt software development and security best practices and has also led efforts to launch new products for emerging growth startups. His expertise will help Arvo continue to scale and grow through technology solutions and ultimately help more businesses maximize their benefits from tax credit programs.
"Todd's background with well-known companies and business startups to grow and implement new software is a huge asset for Arvo Tech as tax credit technology continues to change and evolve," said Maxwell. "With Todd's help, our customers can easily determine and receive the tax credits for which they are owed by utilizing our leading software."
With the rebrand, Arvo is simplifying the tax process with its enhanced online portal to help customers more easily determine eligibility for the Work Opportunity Tax Credit (WOTC), as well as track the amounts they receive in real-time. With these new updates, businesses can rest assured that no tax dollars are left on the table.
Arvo Tech monitors state and federal employment tax credit programs and has helped companies secure over $575MM in incentive dollars. To learn more and determine if your business is eligible for employment tax credits, visit http://www.arvotech.com.
About Arvo Tech
Arvo Tech helps employers transform their cash flow by simplifying access to employment tax credit opportunities. Founded by tax experts, Arvo Tech believes in the power of tax credits for improving business financials and built its cloud-based platform to help more businesses unlock the full value of federal and state incentive programs. Backed by a proprietary technology platform and unparalleled client service, Arvo Tech collaborates with companies to deliver actionable insights for leveraging programs that impact hiring decisions and fundamentally improve the economics of their business.
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SOURCE Arvo Tech
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