Announced
Completed
Financials
Sources
Tags
Turkey
compliance software
Private
Private Equity
Software
Acquisition
Single Bidder
Completed
Majority
Friendly
Cross Border
Synopsis
HG Capital-backed Sovos, a global tax software leader, completed the acquisition of Foriba, an Istanbul-based software company, from International Finance Corporation, Revo Capital and Endeavor Catalyst. Financial terms were not disclosed. “Sovos’ acquisition of Foriba, along with other recent investments, helps us safeguard customers as countries around the world adopt e-invoicing, e-archiving and e-receipt regulations for B2B and B2C transactions,” Andy Hovancik, Sovos CEO.
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