Vista cedes majority ownership in Sovos Compliance to HgCapital
January 20, 2016
HgCapital has announced a majority investment in Sovos Compliance, a provider of tax compliance software. Vista Equity Partners, which has backed the company since 2012, cedes control of Sovos in the deal but will retain a minority stake. Using a database of tax rules from more than 200 countries, Sovos designs technology solutions to help its clients meet their compliance and reporting obligations. Golub Capital is financing the acquisition.