Antas da Cunha Ecija has advised the shareholders of PetaPilot, a Portuguese company that provides electronic accounting solutions to Tax authorities and companies, on its sale to US company Sovos.
The operation was led by Amílcar Silva (pictured), partner from the firm's M&A Department.The deal also included the acquisition of Saphety by the US company, a supplier of Tax software.
The purchase of PetaPilot, SA will allow Sovos to significantly increase the capabilities of its new “Advanced Periodic Reports in the Cloud” platform, improving support for global SAF-T File requirements, which the OECD designed to give tax authorities visibility common digitaliSation of business accounting systems.
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