Avalara’s Acquisition of Track 1099

Wilson Sonsini Goodrich & Rosati advised Track 1099 on the deal.

Avalara, a leading provider of tax compliance automation software for businesses of all sizes, has acquired Track1099 LLC, a company that provides online software and services for cost-effectively managing, e-filing, and e-delivering IRS forms, including 1099s, W-2s, W-9s, and more.

Every year, businesses must file information and withholding forms to report employee and contractor income to the IRS. There were an estimated 3.5 billion of these forms filed in 2020. Moving forward, more companies will be required to e-file when the IRS reduces the e-filing threshold from 250 to 100 forms for each business. Track1099 supported more than 40,000 customers with their filing needs in tax year 2020. To best serve the needs of its customers, Track1099 provides 1099 filing on a cost-effective, tiered, per-form pricing basis and an annual subscription for W-9s.

The financial terms of the deal were not disclosed. Avalara acquired the assets of Track1099, adding technology, content, and expertise to its platform and team.

The Wilson Sonsini team included: Barry Taylor (Picture), Melissa Hollatz, Harshini Kanduru, Adrian Broderick, Sara Pollock, Myra Sutanto Shen, Michelle Wallin, Briza Sanchez, Barath Chari, Matt Staples, Daniel Chen and Charles Tait Graves.

Involved fees earner: Adrian Broderick – Wilson Sonsini Goodrich & Rosati; Barath Chari – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Melissa Hollatz – Wilson Sonsini Goodrich & Rosati; Sara Pollock – Wilson Sonsini Goodrich & Rosati; Briza Sanchez – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Charles Tait Graves – Wilson Sonsini Goodrich & Rosati; Barry Taylor – Wilson Sonsini Goodrich & Rosati; Michelle Wallin – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Track 1099;

Author: Martina Bellini