Set Solutions A Trace3 Company.html
“Can a regional cybersecurity VAR and consulting firm scale nationally under a large IT-solutions parent by automating back-office finance and tax compliance?”
HQHouston, TX (Set Solutions); Irvine, CA (Trace3 parent)
IndustryVertical SaaS / Cybersecurity & IT Consulting
The story
Set Solutions is a Houston-based cybersecurity consulting and procurement firm with a 25+ year history serving enterprise clients in Texas. It was acquired by Irvine-based multi-billion-dollar IT solutions provider Trace3 — with TM Capital acting as financial advisor — and now operates as a Trace3 business unit. The key embedded-finance pivot post-acquisition was adopting Avalara and Sage Intacct to manage multi-state sales-tax obligations triggered by the Wayfair ruling, replacing manual tax processes and saving the company hundreds of thousands of dollars annually.
Last 12 months
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Product timeline
2023
Set Solutions, already a Trace3 company, deployed Avalara and Sage Intacct to automate sales-tax compliance across 27 U.S. states following economic-nexus expansion post-Wayfair.· pivot
The stack
Accounting
Accounting gap: minor