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Taxbit Announces Acquisition Of Digital Asset Accounting Startup Tactic

PRIVATEJan 17, 2023

Acquiring Company

TaxBit

Acquired Company

Tactic

DraperCommerce and ShoppingFinancial ServicesSoftwareInformation TechnologySoftwareData And AnalyticsScience And Engineering

Description

TaxBit, the leading tax and accounting provider for the digital asset economy, today announces the acquisition of Tactic, a digital asset financial accounting platform that offers a streamlined accounting subledger to save businesses hundreds of hours on critical digital asset management and reporting. This acquisition will combine two leaders in the digital asset accounting space and establish TaxBit's New York office presence.

Quick answer

TaxBit is acquiring Tactic, announced January 17, 2023. TaxBit is based in Draper, Utah, United States.

How much did TaxBit pay for Tactic?
The deal value was not disclosed.
What does TaxBit do?
Taxbit is the premier tax and accounting compliance platform designed by CPAs and tax attorneys to simplify compliance and reporting.
Where are TaxBit and Tactic based?
TaxBit is based in Draper, Utah, United States.
Who are the decision-makers at TaxBit?
Fundz holds 1 contact at TaxBit. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Commerce and Shopping and Financial Services

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

TaxBit

Location

Draper, Utah, United States

About

Taxbit is the premier tax and accounting compliance platform designed by CPAs and tax attorneys to simplify compliance and reporting. Enterprises, financial institutions, and government agencies trust our comprehensive, end-to-end solution to ensure compliance and accuracy. Taxbit is certified with SOC 1 Type 1, SOC 2 Type 2 attestation, and ISO 27001 standards. With over $235 million in funding from top global investors like Ribbit, IVP, Paradigm, Haun Ventures, and PayPal Ventures, Taxbit has offices in San Francisco, Seattle, Salt Lake City, New York, and London.

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Frequently asked

Who acquired Tactic?

Tactic was acquired by TaxBit, based in Draper. The deal was reported on January 17, 2023. Taxbit is the premier tax and accounting compliance platform designed by CPAs and tax attorneys to simplify compliance and reporting. TaxBit is privately held and operates in Commerce and Shopping.

When did TaxBit acquire Tactic?

TaxBit's acquisition of Tactic was reported on January 17, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Tactic do?

Meet Tactic, the most intuitive way for an employer to create the most dynamic and flexible working experience for their employees. It is privately held, operating in Information Technology.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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