Avalara Acquires Manchester AI Integration Startup Versori to Enhance Global Compliance Solutions
US firm Avalara, Inc has acquired Manchester-based AI integration startup Versori for an undisclosed amount. The acquisition aims to enhance Avalara's compliance solutions and accelerate Versori's growth strategy. Versori specializes in AI-driven integrations between software applications, improving digital transformation for clients. The deal includes Versori's technology and team, who will continue to operate under the name 'Versori by Avalara'. Founded in 2022, Versori raised $10.5 million and graduated from Y Combinator in March 2023.
Theia Market Signal Identification - AI Assisted
Avalara, Inc has acquired Manchester-based AI integration startup Versori for an undisclosed sum. This acquisition aims to support Versori's growth strategy and enhance Avalara's compliance solutions. Versori specializes in AI-driven integrations for complex systems, enabling faster automation.
The acquisition includes Versori's technology and its 23-member team, who will continue under the name 'Versori by Avalara'. Founded in 2022, Versori raised $10.5 million and graduated from Y Combinator in March 2023. The integration of Versori’s capabilities is expected to improve Avalara's platform and support the increasing demand for automated compliance solutions worldwide.
Comments