Tag Archives: avalara

Avalara departing Bainbridge by 2016

logo-tagline-extend-FF6600-@2xUpdate: Here’s my story on Avalara’s relocation plans.

Fast-growing tax software firm Avalara will migrate its headquarters from Bainbridge Island to Seattle by early 2016, according to a Tuesday afternoon post on the company’s Facebook page:

Avalara’s next move: exciting yet bittersweet

We are proud to have bucked the odds for 11 years and built a world-class business on Bainbridge Island, which is a huge tribute to our exceptional Kitsap employees and supportive community.

That said, over the past few years it’s become clear that to sustain our growth and our close-knit culture we would need far larger facilities than are available on the island, not to mention better access to the deeper workforce in the Puget Sound region.

Since we are committed to keeping our entire Seattle area team in close proximity every day, today we are sharing our plans to continue expanding our current Seattle location and move our remaining BI workforce and headquarters there between this fall and the first part of 2016.

We are excited to bring our various Seattle area teams closer together and are grateful for the support Bainbridge provided in making this possible.

Avalara’s McFarlane named ‘CEO of the Year’

Bainbridge Island-based Avalara has been making waves lately, and the tech world has taken notice.

News site GeekWire named Avalara executive Scott McFarlane “CEO of the Year” at its 2015 awards ceremony last week.

The site noted the $100 million investment Avalara recently received, which spurred even more growth at the 800-employee business.

According to GeekWire, McFarlane studied economics at Claremont McKenna College in California, and founded a fitness equipment company with his college roommate. He’s been with Avalara since its founding in 2004.

“I might be the luckiest person on earth,” McFarlane said in his acceptance speech. “I have great investors and great Avalarians that bleed orange every single day. This is for you guys.”

Avalara specializes in sales tax compliance software.

$100M investment announced by Avalara

gI_113668_PrimaryLogo_Tagline_RGB_Bainbridge Island sales tax software firm Avalara announced a $100 million investment Monday.

The injection of capital came from an affiliate of private equity firm Warburg Pincus, according to a news release.

“This investment by Warburg Pincus will allow us to put more dollars to work in our growth initiatives,” Avalara founder and CEO Scott McFarlane said in the announcement. “It also validates our fundamental belief that sales tax compliance automation is inevitable, and Avalara is at the forefront of this movement.”

According to the release, the company’s growth plans include international expansion and strategic acquisitions. Including the investment by Warburg Pincus, Avalara has raised more than $200 million since 2004.

Avalara provides cloud-based software that helps companies comply with complex sales tax requirements. The company’s headquarters are located in the Island Gateway development, near Highway 305.

According to the Puget Sound Business Journal, the Warburg Pincus investment comes amid rumors Avalara could go public.

Follow business reporter Tad Sooter on Twitter at @tsooter. Contact him at tad.sooter@kitsapsun.com or leave a comment below.

Report: Bainbridge Island’s Avalara could go public

gI_113668_PrimaryLogo_Tagline_RGB_Bainbridge Island tax software company Avalara could soon go public, according to Emily Parkhurst of the Puget Sound Business Journal.

Parkhurst reports the company is preparing to file an S-1 form with the Securities and Exchange Commission, a first step toward trading stock publicly.

As she notes, Avalara recently raised capital from its existing investors and could be poised for rapid growth as more Internet retailers are required to collect sales tax. The company is even working with Bitcoin.

Avalara provides software for sales tax calculation and compliance.

Read the full PSBJ story here.

Bainbridge Island’s Avalara raises $30 million

Avalara, a Winslow tech firm providing automated sales tax compliance tools, announced a $30 million fundraising round last week.

The investments will help the company build its technology and business Avalara founder and CEO Scott McFarlane said in a news release.

“Avalara is proud of its growth and excited about completing this latest financing round,” he said in the release.

Avalara has raised more than $100 million since opening in 2004.