Avalara, a provider of Internet-based sales tax compliance services for small and midsized businesses, announced that it has more than 10,000 registered users -- doubling the company’s year-ago figure.
Avalara said that it continues to average signups of between 500 and 700 new users and reseller-partners each month. Users have access to both the company’s for-pay AvaTax sales tax management service, as well as its free AvaRates Now online rate look-up service.
Chairman and chief executive Jared Vogt said that in addition to strong user base growth, over the past six months, the company has been experiencing strong revenue and sales numbers -- doubling both of those figures when looking at year-over-year growth.
Avalara’s service covers 12,500 tax regions across North America, and began with about 100 registered users and reseller-partners in the first quarter of 2005. Just over eight months ago, that figure stood at nearly 5,000 registered users – shortly after which the company announced the availability of the free AvaRates Now program.
The company said that it processed over 4.1 million transactions in December, with peak periods of five to seven transactions per second.
"With a fast-growing client base, transactions volume is expected to grow to over 23 million transactions by June of 2007, an average of over eight transactions every second of the day, with peak periods exceeding 30 transactions per second," Vogt said.
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