Technology

Vista Equity to Buy Tax Software Maker Avalara for $8.4 Billion

Buyout firm Vista Equity Partners agreed to acquire tax-management software provider Avalara Inc. for $8.4 billion including debt.

Vista will purchase Seattle-based Avalara for $93.50 per share in cash, according to a statement Monday, which confirmed an earlier Bloomberg News report. The offer represents a 27% premium to Avalara’s closing price on July 6, the last trading day before news of a potential transaction first emerged.