Sovos Reveals the Appointment of New CEO

Sovos reveals the appointment of Akeroyd as its new CEO while Andy Hovancik transitions from CEO to chairman of the board.

FREMONT, CA: "Meeting regulatory requirements around the world used to be a tax and finance problem; not anymore. Today, government authorities are heavily invested in technology and demanding information in real-time directly from the source," said Kevin Akeroyd, CEO, Sovos. "Regulatory concerns are now the domain of IT, and having the solutions in place that can deliver what authorities want, when they want, and in the form they want is where Sovos comes in. Sovos is the one partner you can count on to provide the confidence that your compliance obligations are being met so that you can focus on your business priorities. I'm looking forward to leading this amazing team."

One of the leading tax software providers, Sovos, revealed its new Chief Executive Officer, Kevin Akeroyd. Akeroyd joins Sovos from Magnit, where he led a multibillion-dollar business as its CEO. With a single API connection, Sovos now offers enterprise customers e-Invoices and tax compliance in any country, a unique value proposition in the industry. The timing of Akeroyd's arrival is a great opportunity for global companies to adopt Sovos solutions as more and more countries mandate e-Invoicing. This transition will include current Sovos CEO Andy Hovancik becoming chairman of the board.

"IT and data management continue to play an increasingly important role in meeting regulatory obligations around the world, an area where Kevin brings a wealth of experience and credibility to Sovos growing organization," said Jonathan Boyes, partner, Hg. "His expertise in navigating the worlds of SaaS technology and global enterprises makes him the ideal person for this position. We are excited to partner with him on the next phase of Sovos growth."