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Fonoa Technologies, Ltd acquires Global Indirect Tax Compliance Product From PwC to expand global tax platform

PRIVATEOct 15, 2024

Acquiring Company

Fonoa

Acquired Company

PwC

SoftwareProfessional Services

Description

Fonoa Technologies, the world’s first truly global end-to-end indirect tax automation platform, has closed the acquisition of Global Indirect Tax Compliance (GITC), a PricewaterhouseCoopers (PwC UK) product, to expand its global indirect tax platform to cover partial exemptions. This strategic acquisition enables Fonoa to integrate GITC with its other products like tax ID validation, tax calculations, e-invoicing, return filing, and tax information reporting under one technology platform.

Quick answer

Fonoa is acquiring PwC, announced October 15, 2024.

How much did Fonoa pay for PwC?
The deal value was not disclosed.
What does Fonoa do?
Global Indirect Tax Compliance (GITC) is a unique solution for managing partial exemptions for businesses operating in multiple jurisdictions.
Who are the decision-makers at Fonoa?
Fundz holds 2 contacts at Fonoa. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Professional Services and Software

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Company Information

Company

Fonoa

About

Global Indirect Tax Compliance (GITC) is a unique solution for managing partial exemptions for businesses operating in multiple jurisdictions. It currently serves over 40 clients, primarily in the financial services sector.

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Frequently asked

Who acquired PwC?

PwC was acquired by Fonoa. The deal was reported on October 15, 2024. Global Indirect Tax Compliance (GITC) is a unique solution for managing partial exemptions for businesses operating in multiple jurisdictions. Fonoa is privately held and operates in Software.

When did Fonoa acquire PwC?

Fonoa's acquisition of PwC was reported on October 15, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does PwC do?

PwC US is a leading provider of auditing, tax, and consulting services. It is part of the global PwC network, which helps organizations and individuals create the value they are looking for. The firm works with clients from various industries and sectors. It is privately held, operating in Professional Services.

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