Sales-and-use tax vendor The company offered 7.5 million shares and with the underwriters exercising their option to purchase another 1,125,000 shares, the proceeds were estimated at $189 million.
CEO Scott McFarlane said the basic strategy remains establishing partnerships with “the people who create invoices”. Near-term expansion will likely include handling taxation at levels below the national governments in countries outside the United States.
“We will start growing that out in Latin America. You will see us go further in Asia. We’ll continued to expand our functionality in the enterprise space,”he said.
