Sovos, a Boston, MA-based global tax software provider, is to acquire Foriba, an Istanbul, Turkey-based provider of e-invoicing, e-delivery notes, e-receipts and periodic value-added tax (VAT) reporting solutions in Turkey and beyond.

European Investment Fund (EIF), Undersecretariat of Treasury, Small and Medium Enterprises Development Organization of Turkey (KOSGEB) and the Industrial Development Bank of Turkey (TSKB) have established the Turkish Growth and Innovation Fund to support innovative and technology oriented businesses with a rapid growth potential.