Avalara, Inc. (NYSE:AVLR) acquired Substantially All the Assets of CrowdReason, LLC and CorrelationAdvisors LLC from CrowdReason, LLC and Correlationadvisors, LLC for $36.4 million on October 18, 2021. The total consideration transferred related to this transaction was $36.4 million, consisting of $8.3 million cash paid at close, acquisition holdbacks with a fair value upon acquisition of $1.7 million, and an earnout provision with a fair value upon acquisition of $26.3 million. Avalara acquired the assets of CrowdReason, adding technology, content, and expertise to its platform and team. Avalara also acquired the assets of a valuation advisory services business from CorrelationAdvisors LLC as part of the deal.

Avalara, Inc. (NYSE:AVLR) completed the acquisition of Substantially All the Assets of CrowdReason, LLC and CorrelationAdvisors LLC from CrowdReason, LLC and Correlationadvisors, LLC on October 18, 2021.