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Kutak Rock Represents Zenwork in $163 Million Equity Sale

News | November 15, 2021

Kutak Rock recently represented Zenwork, a leading provider of digital tax compliance and regulatory reporting software for businesses nationwide, in its $163 million minority equity interest sale to Spectrum Equity.

According to a press release, “The investment will enable Zenwork, operating under the Tax1099 and Compliancely brands, to accelerate product innovation and meet growing business demand for modern, automated technology solutions that address regulatory compliance and power electronic filing and information management.” 

Founded in 2011 as Tech Atlantis and based in Fayetteville, Arkansas, Zenwork offers its 100,000 customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences. Spectrum Equity is a leading growth equity firm focused on internet-enabled software and information services companies.

Kutak Rock partners Neil Miller and Bryan Stanley advised Zenwork, Inc. on the transaction. They were assisted by associates Andrew Elsberry, Jordan Ifland and Chase Waters.

With more than 45 attorneys, Kutak Rock’s national M&A practice group has built a solid reputation as a leader in middle market M&A transactions. Kutak Rock’s experience includes representing buyers, sellers and private equity groups in domestic and cross-border transactions.