Wolters Kluwer Acquires Prosoft in Brazil
(Thomson Reuters ONE) -
Acquisition extends Wolters Kluwer's leading position in Tax & Accounting
software
Alphen aan den Rijn, and Riverwoods, Illinois (May 20, 2013) - Wolters Kluwer
announced today that it has acquired Prosoft Tecnologia S.A., a leading provider
of tax and accounting software based in Sao Paolo, Brazil. The acquisition
aligns with Wolters Kluwer's strategy to expand its leading, high growth
positions. Established in 1985, Prosoft is one of the largest tax and accounting
software solutions providers in Brazil, with 250 employees, and serving all 27
states.
Nancy McKinstry, CEO of Wolters Kluwer, commented "Tax and accounting software
is a leading, growing business for Wolters Kluwer, and this acquisition further
expands our global position in this area to one of the world's faster-growing
geographies.
Kevin Robert, CEO of Wolters Kluwer Tax & Accounting, commented "Prosoft allows
us to rapidly establish a significant presence in Brazil while at the same time
also advancing our move into cloud-based collaborative solutions."
The management of Prosoft, led by CEO Carlos Meni, will stay with the company.
Mr. Meni commented "We are very pleased to become part of Wolters Kluwer. The
combination will allow Prosoft to remain focused on our customers, who are
professionals in the fields of tax, accounting, and business. At the same time,
with Wolters Kluwer's global reach and expertise in this field, we will be able
to strengthen and build on our offerings to deliver even greater value."
Prosoft offers a fully integrated suite of tax, accounting, payroll, document
management, and filing software solutions and its products are used by over
150,000 professional users today. Prosoft solutions cover all aspects of the
recently introduced electronic tax, accounting, payroll, and invoicing
requirements under "SPED" (Sistema Público de Escrituração Digital), the
country's new Public Digital Bookkeeping System, implemented by the government
to improve compliance, auditing, and collection efficiency. Brazil has an
extensive and complex tax system and due to the government's increased emphasis
on compliance, there is growing demand for solutions that streamline workflow
and mitigate compliance risk. Terms of the acquisition were not disclosed.
About Wolters Kluwer
Wolters Kluwer (www.wolterskluwer.com) is a market-leading global information
services company. 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.
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading
provider of premier information, research, and software tools in the global tax
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 Tax
& Accounting. Its headquarters are in Riverwoods, Illinois.
Forward-looking Statements
This press release contains forward-looking statements. These statements may be
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 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 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, financial
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 or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Contact: Media Investors/Analysts
Leslie Bonacum Meg Geldens
+1-847-267-7153 +31 172 641 407
+31 172 641 421 ir(at)wolterskluwer.com
mediahelp(at)cch.com
PDF version of Press Release:
http://hugin.info/130682/R/1703035/562876.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
[HUG#1703035]
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 261475
Anzahl Zeichen: 5727
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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