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Tax & Accounting Plans to Expand Online Software Solutions with Agreement to Acquire Acclipse

With this planned acquisition, Wolters Kluwer Tax & Accounting will furthermore expand and complement its existing offering of advanced information and software solutions, including cloud-based solutions, for accounting firms and corporate finance professionals in the region. Acclipse will become part of the division's Asia Pacific-based business, which goes to market as CCH, a Wolters Kluwer business. Wolters Kluwer Tax & Accounting is the global leading provider of tax, accounting and audit solutions and services.

"This acquisition will respond to the growing demand from accounting firms for genuine cloud-based software to support a 24/7, value-added service to clients during lowering cost of ownership. We firmly believe that cloud computing has the potential to transform how accountants work with their customers," he said.

The acquisition of Acclipse will complement Wolters Kluwer 2011 acquisition of Business Fitness New Zealand, a provider of practical content and workpapers to accounting firms, to standardize many of the common processes for compliance work.

"CCH knows that accounting firms are trusted advisers to SMEs. The Acclipse suite, which was designed from the ground up to help accountants better service their customers, is at the heart of what we do. CCH will now be better placed more than ever to leverage our deep subject-matter expertise, global presence, rich content assets and robust innovation platforms to help accounting firms work hand-in-hand with their SME customers, and ensure 'true collaboration'," he said.

"When combined with CCH's outstanding content, Acclipse's cloud-based accounting solution will give CCH a in a class by itself offering - a fully integrated suite of software, workpapers, templates and checklists, deep innovation content and subject-matter expertise. We're calling this offering CCH iFirm - the all-embracing firm in the cloud."

Forward-looking StatementsThis press release contains forward-looking statements. These statements may be identified by words just as "expect," "should," "could," "shall," and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of clients, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as so then as risks related to mergers, acquisitions, and divestments. Should the contingency arise, financial risks just as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to openly update or revise any forward-looking statements, whether as a result of new information, future events, or if not.

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    Wolters Kluwer Acclipse