SOVOS GETS INVESTMENT

Andy Hovancik, SovosSovos, which markets indirect tax products, says it has received an investment from European-based private equity firm, HG Capital. The investing firm described its action as buying a majority stake in Sovos, taking over that role from Vista Equity Partners, which will retain what was described as "a significant minority stake in Sovos." The actual size of the investment was not disclosed.

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