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SOVOS BUYS GERMAN VAT CO. Featured

 Sovos, which markets indirect tax software, has acquired TLI Consulting, a company-based in Germany. Terms were not disclosed. 

This is Sovos’ ninth acquisition in the past 12 months. Sovos described TLI as having “enhanced VAT determination for businesses with complex supply chains covering a broad jurisdictional landscape across Europe and beyond.” It said it will leverage TLI Consulting’s SAP software extensions, which expands on SAP’s native VAT determination functionality. Its consultants are described as having expertise in SAP and ECC and SAP S/4 Hana.

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