WILMINGTON, MA — Colliers International Boston, exclusive global real estate services advisor to Sovos, a global provider of software that safeguards businesses from the burden and risk of modern tax, recently negotiated a restructure and 8-year extension on Sovos’ behalf at its existing 200 Ballardvale Street headquarters in Wilmington, Massachusetts.
The Colliers Boston team of senior vice presidents Stephen Woelfel, Jr. and Tim Brodigan, and president James Elcock led Sovos through a comprehensive exploration of the market, ultimately finding that an in-place restructure best accommodated Sovos’ needs moving forward. With the help of CBT Architects, Sovos will completely redesign its 50,000-square-foot space.
“Sovos is a dynamic software company that is expanding rapidly around the globe,” noted Woelfel. “We were thrilled to help them restructure and revamp their headquarter location and are excited to witness the transformation of the space into a state-of-the-art facility supporting its evolving culture.”
“As a company and culture, Sovos has evolved,” said Todd Hanna, Sovos Vice President & General Counsel. “We wanted to create workspace in Wilmington that better complements both our brand as a global software provider as well as our challenging and rewarding work environment. We are delighted to be able to accomplish these objectives without the disruption of a relocation.”
About Sovos
Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern tax. As governments and businesses go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud combines world-class regulatory analysis with a secure and reliable cloud software platform to create a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports 4,500 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. Headquartered in Boston, Sovos has offices throughout North America, Latin America and Europe. For more information about Sovos, visit http://www.sovos.com or follow Sovos on LinkedIn and Twitter.
(NOTE: The above press release is from Colliers International Boston.)
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