Hg-backed Sovos completed the acqusition of TOC Biometrics.

Hg-backed Sovos, a global tax software provider, completed the acqusition of TOC Biometrics, a provider of identity verification and electronic signature solutions throughout South and Latin America. Financial terms were not disclosed. “Most companies are looking to stay ahead of digitalization trends and the minimum required by governments to create a higher standard of compliance and legal certainty for their organization. The TOC Biometrics acquisition builds upon the impressive portfolio of solutions Sovos already has in place, allowing our customers to transact anywhere in the world knowing they will be compliant and dealing with an authorized user,” Alvaro Gonzalez, Sovos Managing Director.