RIVERWOODS, IL--(Marketwire - Sep 3, 2012) - Acquisition Secures Company's Content
Leadership with Premier International
Portfolio of Online Tax News, Analysis, Expertise
Global tax authority Wolters Kluwer Tax &
Accounting today announced it has acquired the assets of BSI, a leading
of timely international tax, legal, business and investment information. The
acquisition further advances Wolters Kluwer's portfolio of premier
information supporting its continued expansion of global tax offerings in the
growing corporate market. Wolters Kluwer Tax & Accounting is a global leading
provider of tax, accounting and audit information, software and services.
BSI will become part of CCH, a Wolters Kluwer business. As part of Wolters
Kluwer Tax & Accounting, CCH offers tax and accounting professionals in
corporations around the world market-leading solutions to help them be more
accurate, productive and profitable.
The acquisition secures Wolters Kluwer's international content leadership,
BSI's comprehensive portfolio of online news, analysis and expertise. BSI's
highly skilled professionals provide tax expertise in more than 114 countries,
enabling real-time updates based on new developments, and immediate answers to
global queries from professionals. More than 60,000 users rely on BSI's
of web sites, monitoring the latest international tax developments and updates
for timely, authoritative and specific international content in countries
"Keeping current with complex and changing tax law is a challenge faced by
professionals today across the globe, and with the addition of BSI's premier
content and coverage to CCH and Wolters Kluwer, we're now uniquely able to
our customers overcome that challenge," said Wolters Kluwer Tax & Accounting
Kevin Robert. "The best just got better. And, we'll continue to invest in
expanding our international corporate tax solutions to help professionals
CCH will continue to deliver BSI's services as distinct offerings under the
brand name and as part of CCH Integrator™. CCH Integrator, launched in
February 2012, delivers CCH's award-winning software and comprehensive
international content to provide one centralized solution to streamline tax
collection, provision, research and compliance activity.
CCH also plans to enhance current BSI offerings, creating new products and
building out integration between CCH and BSI content. BSI has been a Wolters
Kluwer business partner since 2008.
"BSI was among the first companies to provide global tax information over the
Internet in 1999, and it was a natural fit when CCH and BSI entered into a
partner relationship five years ago," said BSI Senior Manager Ashley Bell. "We
are already closely integrated into CCH's supply chain, and this acquisition
will bring exciting new opportunities for growth and innovative new solutions
Wolters Kluwer, CCH and BSI customers."
BSI was founded in 1992 with headquarters in Hastings, U.K. The company will
remain in the U.K. Terms of the acquisition were not disclosed.
About Wolters Kluwer Tax & Accounting and CCH, a Wolters Kluwer business
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading
provider of premier information, research, and software tools in the global
and accounting arena. Tax, accounting, and audit professionals who serve as
trusted advisors to clients and businesses worldwide rely on authoritative
content and integrated workflow solutions from global leader Wolters Kluwer
& Accounting. Its headquarters are in Riverwoods, Illinois.
CCH, a Wolters Kluwer business (CCHGroup.com) is the leading global provider
tax, accounting and audit information, software and services. It has served
accounting and business professionals since 1913. Wolters Kluwer
(www.wolterskluwer.com) is a market-leading global information services
Wolters Kluwer is headquartered 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.
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This press release contains forward-looking statements. These statements may
identified by words such 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
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 customers, 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 well as
risks related to mergers, acquisitions, and divestments. In addition,
risks such 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
obligation to publicly update or revise any forward-looking statements,
as a result of new information, future events, or otherwise.
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