News Formal

Blucora to sell tax software business to Cinven in $720M deal - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

An affiliate of global private equity firm Cinven will pick up the unit in a transaction expected to close by the end of the year.

Blucora Inc. announced Tuesday plans to sell its tax software business, TaxAct, in a $720 million cash deal.

Blucora , which is based in Dallas and provides technology-enabled tax solutions, will streamline its operations and cost structure to solely focus on becoming a pure-play tax-focused wealth management company through its independent broker dealer, Avantax Wealth Management, and its employee-based registered investment advisor, Avantax Planning Partners. The firm will become Avantax upon completion of the transaction.

"NPS scores and retention rates have increased as we have invested in product and customer care enhancements, inclusive of free access to tax experts.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 525. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mark Duebner retiring as Dallas' director of aviation - Dallas Business JournalMark Duebner's retirement will be effective Nov. 8, according to a memo obtained by the Dallas Business Journal. Southwest Airlines executives and City Manager T.C. Broadnax praised Duebner for leading Love Field through a period of extraordinary growth for the airport.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »

Dallas tax lawyer Joseph Garza charged in alleged billion-dollar scheme - Dallas Business JournalFederal prosecutors announced that they arrested Joseph Garza of the Garza Legal Group for helping “mainly high-net-worth business owners use tax shelters to create a circular flow of funds to illegally reduce paying taxes.”
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »