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Sovos acquires Foriba

Global tax software provider, Sovos, has agreed to acquire Foriba. Financial terms of the transaction were not announced. Based in Istanbul, Foriba is a specialist in e-invoicing, e-delivery notes, e-receipts and periodic value-added tax (VAT) reporting in Turkey. Deloitte served as the financial advisor to Sovos on the transaction. Gökçe provided legal counsel to Foriba.