ALPHEN AAN DEN RIJN, THE NETHERLANDS--(Marketwire - Jul 11, 2012) -
Acquisition Will Expand Division's Offerings to Professionals in Australia
/ New Zealand and Asia Pacific Markets
Riverwoods, ILL. (July 12, 2012) - Wolters Kluwer Tax & Accounting
signing of an agreement to acquire Acclipse Limited, a leading provider of
online accounting software, serving accounting firms in Australia, New
and Asia Pacific. The parties anticipate completing the acquisition on
July 13, 2012.
With this planned acquisition, Wolters Kluwer Tax & Accounting will further
expand and complement its existing offering of advanced information and
solutions, including cloud-based solutions, for accounting firms and
finance professionals in the region. Acclipse will become part of the
Asia Pacific-based business, which goes to market as CCH, a Wolters Kluwer
business. Wolters Kluwer Tax & Accounting is the global leading provider of
accounting and audit solutions and services.
"The acquisition of Acclipse will further advance Wolters Kluwer's
position in providing software and cloud solutions for accounting firms and
finance professionals, and our strategic expansion into collaborative
solutions, building on our acquisition of Twinfield in the Netherlands in
2011," said Wolters Kluwer Tax & Accounting CEO, Kevin Robert.
President of Wolters Kluwer Tax & Accounting Asia Pacific and CEO of
Kluwer Asia Pacific, Russell Evans, said the acquisition will be an
step in the region for Wolters Kluwer's strategy to expand its offering of
online software and content solutions for accountants and their clients.
"This acquisition will respond to the growing demand from accounting firms
genuine cloud-based software to support a 24/7, value-added service to
while lowering cost of ownership. We firmly believe that cloud computing
potential to transform how accountants work with their clients," he said.
The acquisition of Acclipse will complement Wolters Kluwer 2011 acquisition
Business Fitness New Zealand, a provider of practical content and
accounting firms, to standardize many of the common processes for
As Business Fitness New Zealand is already integrated with the Acclipse
Management solution, Business Fitness New Zealand clients will benefit from
content being available online.
"This end-to-end, integrated solution will be a key point of
CCH," Evans continued.
"CCH knows that accounting firms are trusted advisers to SMEs. The Acclipse
suite, which was designed from the ground up to help accountants better
their clients, is at the heart of what we do. CCH will now be better placed
than ever to leverage our deep subject-matter expertise, global presence,
content assets and robust technology platforms to help accounting firms
hand-in-hand with their SME clients, and ensure 'true collaboration'," he
"When combined with CCH's outstanding content, Acclipse's cloud-based
solution will give CCH a unique offering - a fully integrated suite of
workpapers, templates and checklists, deep research content and
expertise. We're calling this offering CCH iFirm - the all-embracing firm
CEO and founder of Acclipse, Mike Chisholm, said Acclipse is pleased with
to join CCH.
"This acquisition will allow Acclipse to remain focused on our core
offering accountants and their clients great online accounting software.
global reach of CCH and Wolters Kluwer will allow us to expand the reach of
iFirm and iBizz products, and integrate these with relevant content sources
bring accountants and their clients together and achieve significant
productivity improvements," Chisholm said.
With 55 employees and headquarters in Christchurch, Acclipse services over
1,000 firms and 10,000 licensed users in New Zealand, Australia and Asia
About Wolters Kluwer Tax & Accounting
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the
leading provider of tax, accounting and audit information, software and
services. Wolters Kluwer is a market-leading global information services
company. Wolters Kluwer had 2011 annual revenues of EUR3.4 billion, employs
approximately 19,000 people worldwide, and maintains operations across
North America, Asia Pacific, and Latin America. Wolters Kluwer is
in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext
Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
visit the website for more information.
This press release contains forward-looking statements. These statements
identified by words such as "expect," "should," "could," "shall," and
expressions. Wolters Kluwer cautions that such forward-looking statements
qualified by certain risks and uncertainties that could cause actual
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obligation to publicly update or revise any forward-looking statements,
as a result of new information, future events, or otherwise.
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