ShipCompliant acquired by Sovos
Boulder, Colo.—Sovos Compliance announced its acquisition of Boulder-based ShipCompliant, the leading compliance and tax solution provider for the beverage alcohol market. The two companies will integrate their complementary compliance services to assist businesses navigating the demanding regulatory environment for beverage alcohol registration, tax rate determination, compliance management and reporting, according to a press release on the merger. Founded in 2000, ShipCompliant provides an integrated SaaS-based platform for wineries, breweries, distilleries, and importers of beverage alcohol products, enabling clients to easily access consumer and wholesaler markets throughout the United States.
Wines & Vines and ShipCompliant developed a model to track direct-to-consumer wine shipments by North American wineries. Those DtC figures are a key element of the regular monthly wine industry metrics report by Wines Vines Analytics as well as an annual report provided a complete overview of DtC wine sales.
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