Wolters Kluwer Tax and Accounting Acquires AXENTIS>
Wolters Kluwer Tax and Accounting Acquires AXENTIS
(Thomson Reuters ONE) - Acquisition Advances CCH as Leading Provider of Audit, Risk andCompliance Solutions in Rapidly Growing Market(RIVERWOODS, ILL. July 17, 2009) - Wolters Kluwer Tax and Accountinghas acquired AXENTIS, Inc., a leading provider of enterprise-widegovernance, risk and compliance (GRC) management solutions. WoltersKluwer Tax and Accounting, a unit of Wolters Kluwer, is a leadingprovider of tax, accounting, audit, risk and compliance softwaresolutions, services and content serving professionals worldwide underthe CCH brand name. The addition of AXENTIS to Wolters Kluwer's CCHportfolio further extends the company's enterprise risk informationplatform and is another step in the successful execution of WoltersKluwer Tax and Accounting's strategy to become the leader in the GRCarena."In the highly fragmented GRC arena, CCH is uniquely positioned as aclear leader in providing comprehensive solutions with the assets,expertise and investment required to serve the full range oforganizations' needs," said Wolters Kluwer Tax and Accounting CEOKevin Robert. "We have a strong and growing suite of best-of-breedsolutions across audit, risk and compliance; vast global content andactionable information covering the regulatory landscape in over 30countries; and proven expertise in integrating content and softwaresolutions. Along with our size and scale, this will ensure we deliverthe finest GRC offering to the market."The acquisition of AXENTIS provides Wolters Kluwer Tax and Accountingwith a strong compliance component in its audit, risk and complianceportfolio, and offers a highly configurable technical infrastructurethat the company will leverage along with its wealth of contentresources to provide a comprehensive suite of solutions.AXENTIS, based in Cleveland, Ohio, serves Global 2000 organizationsacross highly regulated industries reaching hundreds of thousands ofemployees as well as partners, suppliers and contractors in a supplychain. Its GRC management software enables organizations to rapidly,accurately and cost-effectively identify and mitigatecompliance-related risks. It is a leader in the GRC market and isknown for offering one of the most complete solutions in thisfragmented industry and among the best policy management solutions inthe market.Its core product is AXENTIS Enterprise®, a comprehensive governance,risk management and compliance platform, that enables professionalsto organize and manage policies, procedures and controls, risk andaudit, incident management, workflow, reporting and security, as wellas content and eLearning management within a single application. TheAXENTIS Enterprise portfolio of solutions includes: CorporateIntegrity Agreement; Enterprise Risk Management; Ethics & CorporateCompliance; Financial Controls Management; IT Governance; Legal &Regulatory Compliance; Privacy & Security Compliance; Vendor &Supplier Compliance; Compliance Office Manager. The AXENTIS Softwareas a Service (SaaS) model allows companies to cost effectively reacha few individuals at one location to thousands around the world."AXENTIS chose to become part of Wolters Kluwer Tax and Accountingbecause of their ability to best serve the needs of professionals inthe GRC arena worldwide," said Gary M. Fingerhut, AXENTIS Senior VicePresident. "They have demonstrated compliance expertise and areproven leaders in delivering integrated content and software workflowsolutions. We are pleased, and we know our customers will be pleased,that AXENTIS has joined CCH's portfolio of best-of-breed solutions."As part of its GRC strategy, Wolters Kluwer Tax and Accounting hassignificantly invested in its portfolio of solutions with recentacquisitions, building onto its core technology and content assetsand expertise. In 2007, Wolters Kluwer Tax and Accounting advancedits presence in the internal audit arena by acquiring fromPricewaterhouseCoopers TeamMate, the leading integrated auditproductivity software suite serving corporate internal auditdepartments and government agencies worldwide. In 2008, the unitexpanded its leadership in enterprise risk management with theacquisition of Ci3, now named CCH Sword, offering leading operationalrisk control solutions to financial institutions and corporationsworldwide. ComplyTrack, acquired as part of MediRegs in 2007, offersa wealth of actionable healthcare compliance content, and CCH'spremier information and research tools add essential compliancecontent that further strengthen its GRC offerings. AXENTIS adds acomprehensive, scalable compliance solution, rounding out the suite."We're very pleased that AXENTIS is now part of Wolters Kluwer Taxand Accounting and the CCH suite of audit, risk and compliancesolutions," said Robert. "The alignment of AXENTIS with themarket-leading solutions of CCH TeamMate, CCH Sword and ComplyTrackwill deliver the first comprehensive suite of solutions, both aspoint products and end-to-end enterprise solutions, benefitingprofessionals worldwide."AXENTIS employees will join the Wolters Kluwer Tax and Accountingorganization and AXENTIS will continue to operate out of Cleveland asa distinct product line.About Wolters Kluwer Tax and AccountingWolters Kluwer Tax and Accounting, a unit of Wolters Kluwer, is aleading provider of tax, accounting, audit, risk and compliancecontent, services and software solutions. Serving professionalsworldwide, Wolters Kluwer Tax and Accounting operates in the marketas CCH, a Wolters Kluwer business. Its market leading solutionsinclude CCH®, ProSystem fx® Suite, CCH® TeamMate, CCH® Sword,CorpSystem® and CCH® IntelliConnect(TM). Its headquarters are inRiverwoods, Ill.About Wolters KluwerWolters Kluwer is a leading global information services andpublishing company. The company provides products and services forprofessionals in the health, tax, accounting, corporate, financialservices, legal, and regulatory sectors. Wolters Kluwer had 2008annual revenues of ?3.4 billion, employs approximately 20,000 peopleworldwide, and maintains operations in over 35 countries acrossEurope, North America, Asia Pacific, and Latin America. WoltersKluwer is headquartered in Amsterdam, the Netherlands. Its shares arequoted on Euronext Amsterdam (WKL) and are included in the AEX andEuronext 100 indices. Visit www.wolterskluwer.com for informationabout our market positions, customers, brands, and organization.Forward-looking StatementsThis press release contains forward-looking statements. Thesestatements may be identified by words such as "expect," "should,""could," "shall," and similar expressions. Wolters Kluwer cautionsthat such forward-looking statements are qualified by certain risksand uncertainties that could cause actual results and events todiffer materially from what is contemplated by the forward-lookingstatements. Factors which could cause actual results to differ fromthese forward-looking statements may include, without limitation,general economic conditions; conditions in the markets in whichWolters Kluwer is engaged; behavior of customers, suppliers, andcompetitors; technological developments; the implementation andexecution of new ICT systems or outsourcing; and legal, tax, andregulatory rules affecting Wolters Kluwer's businesses, as well asrisks related to mergers, acquisitions, and divestments. In addition,financial risks such as currency movements, interest ratefluctuations, liquidity, and credit risks could influence futureresults. The foregoing list of factors should not be construed asexhaustive. Wolters Kluwer disclaims any intention or obligation topublicly update or revise any forward-looking statements, whether asa result of new information, future events, or otherwise.Contact: Leslie Bonacum Kevin Entricken Director of Communications Vice President, Wolters Kluwer Investor Relations Tax, Accounting & Legal Wolters Kluwer nv +1 847 267 7153 +31 20 6070 407 mediahelp(at)cch.com ir(at)wolterskluwer.comhttp://hugin.info/130682/R/1329206/313905.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 17.07.2009 - 15:00 Uhr
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