Avalara, Inc. (NYSE:AVLR) acquired substantially all the assets of Track1099 LLC on October 1, 2021. Avalara acquired the assets of Track1099, adding technology, content, and expertise to its platform and team. Avalara, Inc. (NYSE:AVLR) completed the acquisition of substantially all the assets of Track1099 LLC for $47.5 million on October 1, 2021. At close, the Company paid $35 million in cash. The agreement includes an acquisition holdback of $5 million payable in 27 months subject to reductions for certain indemnifications and other potential obligations of Track1099. The agreement also contains a two-year earnout arrangement, based on certain billing performance metrics, not to exceed $12.5 million. Barry E. Taylor, Melissa V. Hollatz, Adrian S. Broderick, Sara Pollock, Myra A. Sutanto Shen, Michelle Wallin, Barath R. Chari, Matt Staples, and Charles Tait Graves of Wilson Sonsini Goodrich & Rosati, P.C. acted as a legal advisor to Track1099 LLC.