Avalara Joins Prestigious Deloitte Technology Fast 500
Leading sales tax solution provider posts 5712% Revenue Growth Since 2005
Avalara recently announced that it ranked number 28 on the Technology Fast 500 list, Deloitte's ranking of 500 of the fastest growing technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009.
The company ranked #2 in the "internet" category of the list and was third among companies headquartered in the state of Washington.
"Avalara has indeed developed breakthrough technology in our industry," said CEO Scott McFarlane. "But our success is based on solving a burning need for thousands of businesses nationwide and around the world. The sales and use tax structure in the US and abroad is simply too complex and costly to manage by hand or with outdated systems. Companies simply have to automate their sales tax compliance process or risk costly audits, and Avalara provides the best on-demand solutions available."
Another factor in the company's rapid growth is the breadth of its capabilities, delivering automated sales and use tax calculation, certificate management, filing, and payment services along with an array of professional services from registration to audit defense.
"Avalara and the other 2010 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Avalara for this impressive accomplishment."
For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com.
About Avalara
Based in Bainbridge Island, WA, Avalara – Microsoft's SaaS Partner of the Year for 2010 – is transforming the sales and use tax compliance process for businesses of all sizes. With point-and-click ease, Avalara provides the fastest, easiest, most accurate and affordable way for companies to address their statutory tax requirements. Avalara is the industry's most trusted provider of sales and use tax solutions, serving more than 25,000 licensed users located throughout the U.S., Canada, and abroad, delivering more than 300 million sales tax transactions, and filing and remitting more than $10B in sales & use tax collections per year. For more information, visit www.avalara.com.
SOURCE: Avalara