Avalara Acquires Oracle Cloud Software Partner AppKnit
Tax and compliance software provider Avalara, now backed by private equity firm Vista Equity Partners, acquired various Oracle application connector technology from AppKnit. Financial terms of the deal were not disclosed.
Vista Equity Partners, around the same time of the Avalara-AppKnit deal, acquired Avalara in October 2022 for $8.4 billion.
“We’re excited to see the expansion of Avalara-owned connectors. Avalara’s innovative Oracle connector technology is intuitive and scalable, making Oracle and Avalara customers’ lives easier. This is the next evolution in our efforts to marry best-in-breed technology and Oracle expertise.”
Yelluru now shifts to senior director of enterprise solutions at Avalara.
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