"Invoiceware is the only solution on the market that can help... companies across the entire region," Sovos CEO Andy Hovancik said in a prepared statement. Hovancik noted that Latin American taxing authorities are increasingly combining country-wide e-invoicing and e-accounting mandates with big data to audit companies in real-time. Scott Lewin, CEO of Invoiceware, will continue to run the business for Sovos as GM for, Latin America.
SOVOS BUYING LATAM TAX BIZ Featured
Sovos Compliance plans to buy Invoiceware International, a Latin America tax specialist based in Atlanta, Ga., and Saõ Paulo, Brazil. Terms were not disclosed. Boston, Mass.-based Sovos said it plans to expand its presence in Latin America, starting from the Saõ Paulo location. Sovos claims Invoiceware is the only product that can handle electronic invoicing and fiscal reporting in multiple countries from a single platform.
