Drake Software

Drake Software, established in 1977, is a prominent player in the software development and design industry, specializing in professional tax preparation software and accounting tools. The company provides comprehensive, high-performance solutions for tax professionals, including web-based reporting, real-time data processing, and approved continuing education study courses. By focusing on robust tax preparation software, Drake Software has maintained a strong market presence for over four decades, serving as a critical partner for accounting firms and independent tax practitioners across the United States.

Operating with 500-1,000 employees across 2 locations, the firm emphasizes technical support and robust infrastructure for its extensive user base. Meet Drake Software's team to learn about their leadership and organizational structure, which supports their commitment to delivering reliable, scalable tax technology. The company’s operational model integrates advanced SaaS capabilities to streamline complex tax workflows, ensuring that professionals can manage state and federal filings with precision and efficiency.

With an annual revenue of $136.0M, Drake Software competes with major industry entities such as Vertex, Avalara, and TaxSlayer. The company’s strategic focus on defined contribution plans and professional tax software ensures it remains highly competitive in a crowded B2B and B2C market. Explore financial highlights for detailed metrics regarding their fiscal performance, funding history, and growth trajectory within the evolving tax technology sector.