Wilmington, MA – According to filings with the U.S. Securities and Exchange Commission, Sovos is raising $7,062,301.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Andy Hovancik played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Sovos
Digital technology has forever changed business. Now, its transforming tax. Soon, tax enforcement will be part of every business process – and every transaction. As governments go digital, financial systems and traditional tax software cant keep up. And, businesses now face escalating risk and mounting compliance costs. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, combining tax determination, e-invoicing compliance and tax reporting on Sovos? reliable, scalable and secure S1 Platform. Sovos customers are more adaptable to regulatory change, more connected to the data they need to comply and more global in their approach to tax. As a result, Sovos is trusted by more than half the Fortune 500, including many of the world largest manufacturers, retailers and banks and insurance companies.

To learn more about Sovos, visit http://sovos.com/

Contact:
Andy Hovancik, Chief Executive Officer
866-890-3970
https://www.linkedin.com/in/andyhovancik/

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