Companies

Sovos acquires PetaPilot and Saphety

Together with existing Sovos capabilities, the acquisitions create a complete VAT, SAF-T and business-to-government (B2G) compliance solution for customers

Global tax software provider Sovos has announced that it has acquired PetaPilot, which delivers e-accounting solutions to tax authorities and businesses.

The group has also acquired Saphety, which provides compliant e-invoicing services to governments and companies.

Together with existing Sovos capabilities, the acquisitions create a complete VAT, SAF-T and business-to-government (B2G) compliance solution for customers.

It also adds compliant e-invoicing connectivity and extended digital accounting capabilities to meet current and upcoming mandates around the world.

The acquisition of PetaPilot enables Sovos to extend the capabilities of its new Advanced Periodic Reporting cloud platform.

Valter Pinho, general manager, SAF-T, Sovos, said: “As we integrate PetaPilot products, Sovos will add value via tax and data intelligence that mimics government controls.

“It’s a powerful combination that will help thousands of companies analyze and fulfill their obligations.”

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