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Sovos acquires Digital Enablement Business of Acepta

Monday 10th May, 2021

Sovos has announced it has acquired the digital enablement business of Chile-based Acepta one of the region’s leading providers of e-invoicing, e-receipts, e-documents and digital certificate solutions.

With Acepta, Sovos aims to deepens its continuous transaction control (CTC) compliance offerings and expands its portfolio with e-document solutions, including management workflow with signature capabilities.

These new products build on previous Sovos acquisitions, including the 2018 purchase of Sweden-based Trustweaver whose technology ensured business document integrity, and the 2017 acquisition of Chile-based Paperless which began as a certificate provider before building e-receipt solutions.

In Mexico, Sovos has similar capabilities and is a certificate services provider (PSC) authorised by the Mexican Secretariat of Economy to certify e-signatures and other forms of identification under the country’s NOM 151 standard to preserve the integrity of data and digital documents.

“The acquisition of Acepta furthers Sovos’ leadership in digital tax compliance and positions us to meet adjacent compliance needs as governments advance the digitisation of their economies,” said Andy Hovancik, CEO, Sovos. “Today’s announcement reflects our long-held strategy to combine global reach with local execution, so we can meet the needs of our customers anywhere they do business, whether that is in 60 countries or in one.”

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