Wolters Kluwer Unit Completes Acquisition Of US Tax Prep Firm

by Leroy Baker, Tax-News.com, New York

01 September 2006

CCH, a Wolters Kluwer business and part of the Wolters Kluwer Tax, Accounting and Legal division, announced on Wednesday that the acquisition of the assets of ATX/Kleinrock has been completed.

ATX/Kleinrock, formerly a division of UCG, the publishing group, supplies tax preparation, accounting and tax research software solutions to more than 48,000 tax professionals and CPAs throughout the US. CCH is a leading provider of tax and accounting law information, software and services.

Wolters said that the acquisition will help CCH to expand its market reach to include both tax practitioners and large businesses.

ATX/Kleinrock products will join CCH's portfolio of products, which include CCH Tax Research NetWork, the Accounting Research Manager, US Master Tax Guide and the ProSystem fx Office Suite of tax and accounting software.

"CCH and ATX/Kleinrock have served tax and accounting professionals in different market segments, but we offer the same value proposition - best-of-breed integrated research and software workflow solutions that meet our customers' specific needs," commented CCH President and CEO Kevin Robert.

"With the ATX/Kleinrock portfolio now part of the CCH family, CCH will focus on best serving small- to mid-sized professionals with an expanded suite of solutions and services designed to meet their needs," he added.

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