Avalara Acquires Artificial Intelligence Technology and Expertise from Indix

Avalara, Inc. has acquired Indix's AI technology and expertise, with comprehensive product descriptions for more than 1 billion products sold and shipped worldwide. Avalara believes it will offer the industry's most accurate, up-to-date, and comprehensive source of global tax and product content when it combines the Indix AI expertise, technology, and content with Avalara's tax expertise and compliance content. "Global taxing authorities govern compliance through ever-changing rules and requirements, and the task of gathering and maintaining this data is core to the value Avalara provides," said Scott McFarlane, co-founder and CEO of Avalara. "We believe the combination of deep product knowledge, broad product content, and artificial intelligence technology will allow us to provide our customers the information they want and need to factor compliance into their business decision-making, and for Avalara to address more compliance requirements to support their growth." "Avalara and Indix share a similar global vision," said Sanjay Parthasarathy, CEO of Indix.