CEO Scott McFarlane heads Avalara, which he founded in 2004.
At the same time, it reported a loss of $55.8 million second quarter ended June 30, up from a loss of $31 million a year earlier. Revenue for the most recently ended period rose 23 percent to $208.6 million, from $169.1 million a year ago. Subscription revenue of $189.8 million increaed 24 percent from $152.4 million in last year’s corresponding period