TA Associates and HG Capital completed the investment in Sovos.

Private equity firms TA Associates and HG Capital, completed the investment in Sovos, a tax software services provider. Financial terms were not disclosed. “Hg’s new investment in Sovos is a sign of their confidence in our market, our position and our unique ability to deliver a complete solution for modern tax, including tax determination, continuous transaction control compliance and tax reporting, With the renewed support from Hg and the additional backing of TA Associates, Sovos is ready for the next stage of growth at a crucial time, as the digital transformation of government, technology and business converge,” Andy Hovancik, Sovos CEO.