Tax technology provider Avalara has received an equity investment from a consortium led by BlackRock. Vista Equity Partners remains the majority shareholder. The investment will be used to buy shares from existing stakeholders. Avalara’s CEO aims to expand their tax and compliance solutions globally. The company’s cloud-based software automates tax and compliance tasks, now incorporating AI technology. Avalara’s platform operates across various cloud environments, with embedded review checkpoints for human oversight. Over 43,000 organizations in 75 countries use Avalara’s services for tax calculations and compliance processes.

Read more at Yahoo Finance: Tax technology provider Avalara receives investment from BlackRock