Wolters Kluwer Acquires CPE Link
(Thomson Reuters ONE) -
Expanded learning solutions to appeal to a wide spectrum of tax professionals
June 1, 2016 - Wolters Kluwer Tax & Accounting announced today that it has
signed and completed an agreement to acquire CPE Link, a leading online provider
of continuing professional education (CPE) for accountants, tax preparers, and
financial advisors. The acquisition will expand and complement Wolters Kluwer's
existing learning portfolio and enable us to reach a broader range of customers.
CPE Link, based in San Jose, CA, and founded in 2008, has five full-time
employees and serves more than 10,000 practitioners in the tax and accounting
space. Through its proprietary web-based learning management system (LMS), CPE
Link offers an easy way for today's practitioners to meet all their mandatory
CPE requirements and keep up with the latest industry changes via live webcasts,
and multi-media, mobile friendly on-demand courses. The transaction is expected
to have a positive but immaterial impact on adjusted EPS, while generating a
return on investment above Wolters Kluwer's cost of capital within 3 to 5 years.
"The acquisition of CPE Link allows us to strengthen our current learning
offerings, expand our product line to address tax and accounting professionals'
specific needs, and cater to more practitioners with a broader range of targeted
online learning opportunities," said Josh Braunstein, EVP and General Manager of
Wolters Kluwer Tax & Accounting, Research & Learning. "CPE Link offers an easy
way for today's practitioners to meet all of their mandatory CPE requirements
and keep up with the latest industry changes, which is very much in line with
our commitment to delivering content and tools that are simple, practical,
accurate and allow people to gain faster insight."
About Wolters Kluwer Tax & Accounting
Wolters Kluwer Tax & Accounting is a leading provider of software solutions and
local expertise that helps tax, accounting, and audit professionals research and
navigate complex regulations, comply with legislation, manage their businesses
and advise clients with speed, accuracy and efficiency.
Wolters Kluwer Tax & Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a
global leader in information services and solutions for professionals in the
health, tax and accounting, risk and compliance, finance and legal sectors. We
help our customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with specialized technology and
services.
Wolters Kluwer reported 2015 annual revenues of ?4.2 billion. The company,
headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over
180 countries, maintains operations in over 40 countries and employs 19,000
people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in
the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1
American Depositary Receipt program. The ADRs are traded on the over-the-counter
market in the U.S. (WTKWY).
For more information about our solutions and organization, visit
www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.
Media Contacts
Laura Gingiss Annemarije Pikaar
Public Relations Corporate Communications
+1 847-267-2213 +31 (0) 172 64 1470
Laura.Gingiss(at)wolterskluwer.com info(at)wolterskluwer.com
Investors/Analysts
Meg Geldens
Investor Relations
+ 31 (0)172 641 407
ir(at)wolterskluwer.com
Forward-looking Statements
This report 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.
PDF version of Press Release:
http://hugin.info/130682/R/2017288/748483.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2017288]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2016 - 20:00 Uhr
Sprache: Deutsch
News-ID 475205
Anzahl Zeichen: 6104
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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