Sovos, a company specializing in tax compliance and digital transformation, has announced the acquisition of NAAT.TECH, a leading Mexican firm in electronic signature and identity verification services. This strategic move solidifies Sovos’s position at the intersection of regulatory compliance and digital trust—two essential pillars of today’s digital economy.
Incorporating NAAT.TECH not only expands Sovos’s geographic reach into key markets such as Argentina, Brazil, Ecuador, and the United States but also strengthens its presence in countries where it already has a strong foothold, including Mexico, Chile, Colombia, and Peru. This integration enhances Sovos’s ability to provide comprehensive compliance solutions in highly regulated and ever-evolving environments.
A unified platform for trust and digital compliance
NAAT.TECH brings renowned expertise in high-reliability digital services, including advanced electronic signatures, identity authentication, and digital transaction certification. Its portfolio complements Sovos’s existing tax solutions, creating a holistic platform for secure, agile, and fully compliant business processes.
“This acquisition marks a significant milestone in our strategy to deliver end-to-end solutions that address the challenges of today’s regulatory environment,” explained Sergio Severo, Sovos Managing Director for Latin America. “Combining NAAT.TECH’s expertise in digital trust services with our tax compliance capabilities uniquely positions us to help our clients digitally transform securely and legally.”
A commitment to the future of digital transactions in Latin America
Amid increasing government efforts to accelerate the digitalization of tax and business processes, Sovos aims to integrate digital trust as a core component of tax compliance. This approach will enable companies to automate critical processes such as electronic invoicing, contract signing, identity verification, and tax reporting within a secure, streamlined flow.
“Joining Sovos presents a great opportunity for our clients and our team,” said Carlos Chavarría, NAAT.TECH CEO. “We share a vision of secure digital transformation founded on trust and compliance. Together, we can offer more comprehensive solutions throughout Latin America and explore new opportunities beyond the region.”
A growing market: from compliance to growth
Sovos is no newcomer to the tech ecosystem. Its Compliance Cloud platform processes over 16 billion transactions annually and serves more than 100,000 customers across nearly 200 countries, including half of the Fortune 500 companies. Sovos’s strategy goes beyond merely adhering to laws; it seeks to turn compliance into a competitive advantage and growth driver.
With this acquisition, Sovos not only strengthens its presence in digital trust but also accelerates expansion into a Latin American market increasingly demanding regulations, electronic signatures, and digital identities.
via: sovos