Exactera – a leader in technology-driven tax compliance solutions – recently announced its new brand identity and named Walter Scott the company’s new CEO. And Exactera also announced it had raised $33 million in additional funding from investment firms Insight Partners and Savant Growth.
The company will continue to offer transfer pricing, income tax provision, and R&D tax credit solutions leveraging powerful AI models to drive greater intelligence, efficiency, and value to its customers. And in addition to utilizing the funding for ongoing product development and innovation within its transfer pricing, R&D tax credit, and tax provision solutions, Exactera is evaluating its potential acquisition targets as part of its growth strategy.
As newly named CEO of Exactera, Scott brings over 25 years of executive leadership experience, serving most recently as CEO of Devo, a cloud-native security platform solutions provider. In connection with the announcement, Exactera’s existing investors also participated in a new round of funding to support the company’s growth ambitions.
KEY QUOTES:
“I am pleased to lead Exactera into this new chapter and help the organization accelerate its growth strategy. Exactera is expanding its product portfolio through innovative product development and acquisitions. Connecting our team’s deep expertise in tax compliance with the latest developments in AI, Exactera offers the industry’s best tax compliance solutions for the benefit of our global customer base.”
— Walter Scott
“We are very excited about this additional investment, particularly in the current economic climate. It is a vote of confidence in the strategic direction of the company and underscores the clear benefits of our unique approach to tax compliance.”
— Michael Hickman, CFO, Exactera
“We are excited to continue to support Exactera as it embarks on its next phase of growth. Walter and the Exactera team share our passion for innovation and delivering an excellent customer experience.”
— Henry Frankievich, Managing Director at Insight Partners
“As an investment partner, we are excited about the company’s strategic growth plan. The company is well positioned to build on its deep expertise in tax compliance in order to deliver a compelling value proposition to its customers.”
— Javier Rojas, Founder and Managing Partner, Savant Growth
