Avalara, Inc. (NYSE:AVLR) acquired operational assets of Compli for $17.2 million on January 22, 2019. As per the terms, cash consideration will be paid at closing and the transaction also include an additional consideration of up to $4.0 million under an earnout provision. The earnout amount is based on revenue recognized by Avalara, Inc from the acquired operating assets for the twelve month period ending January 31, 2020. Avalara, Inc. (NYSE:AVLR) completed the acquisition of operational assets of Compli on January 22, 2019.