Sovos Compliance’s Acquisition of Paperless

Skadden, Arps, Slate, Meagher & Flom, Claro & Cia., Veirano and Dalgalarrando, Romero y Cia. advised on the deal

Global tax compliance and reporting software leader Sovos announced today that it has acquired Chile-based Paperless to expand its real-time government reporting capabilities with electronic receipts and consumer point-of-sale tax reporting. With the acquisition, Sovos will expand its presence in Brazil and extend Latin American operations into Chile, Colombia and Peru.

Paperless is the world’s largest eReceipts and eDocuments company, processing more than two billion transactions across more than 40,000 third-party systems in 2016. Its solutions support global retailers and manufacturers like HP, InBev and Cencosud, the second largest retailer in South America.

The addition of Paperless makes Sovos the first software provider to offer a global solution for real-time business-to-government reporting, a highly disruptive form of regulatory compliance that has now spread to more than 60 countries.

Skadden, Arps, Slate, Meagher & Flom advised Sovos Compliance with Richard Youle (Picture), Steven Hannah and Sean Ahn.

In Chile, Claro & Cia. advised Sovos Compliance with Felipe Larraín, Patricio Smart and Vicente Allende.

Veirano Advogados advised Sovos Compliance with Paula Surerus.

Dalgalarrando, Romero y Cia. advised Paperless Holding S.A. and selling shareholders with Felipe Dalgalarrando H., Diego Correa P. and Gustavo Donoso P.

Involved fees earner: Felipe Dalgalarrando – Dalgalarrando, Romero & Cia; Diego Correa – Dalgalarrando, Romero & Cia; Gustavo Donoso – Dalgalarrando, Romero & Cia; Paula Surerus – Veirano Advogados; Felipe Larraín – Claro y Cia; Patricio Smart – Claro y Cia; Vicente Allende – Claro y Cia; Richard Youle – Skadden Arps Slate Meager & Flom; Steven Hannah – Skadden Arps Slate Meager & Flom; Se Young Ahn – Skadden Arps Slate Meager & Flom;

Law Firms: Dalgalarrando, Romero & Cia; Veirano Advogados; Claro y Cia; Skadden Arps Slate Meager & Flom;

Clients: Sovos Compliance, LLC; Paperless Holding S.A.;