Acquisition Leads to Industry’s Most Comprehensive Tax & Accounting Suite

CCH, a Wolters Kluwer business and part of the Wolters Kluwer Tax, Accounting & Legal division, on Tuesday announced the signing of an agreement to acquire the assets of ATX/Kleinrock, a supplier of tax preparation, accounting and tax research software solutions to more than 48,000 tax professionals and certified public accountants (CPAs) across the U.S.


Advertisement


Thousands of executives with financial reporting responsibilities use the Comperio on-line library to access the type of information and interpretive guidance PricewaterhouseCoopers' own professional audit staff use around the world. Key content areas include guidance from the FASB, EITF, PCAOB, SEC, and others as well as PwC's interpretive guidance. Get more information and sign up for a complimentary 30-day trial.


ATX/Kleinrock will join CCH’s portfolio of research and software solutions as a distinct product line. Upon completion of the acquisition, CCH will offer the most comprehensive suite of tax and accounting solutions in the industry.

“CCH and ATX/Kleinrock serve tax and accounting professionals in different segments of the market, but we share the same value proposition: We deliver best-of-breed integrated research and software workflow solutions that are designed to meet our customers’ special needs,” CCH President and CEO Kevin Robert said in a prepared statement. “We are pleased that, with ATX/Kleinrock as part of the CCH family, we will be able to offer professionals in small- to mid-sized firms a dedicated line of deep, expert content and advanced workflow solutions to help them build their strategic business advantage.”

The acquisition will enhance the company’s ability to meet with equal depth and breadth the special needs of firms across market segments – from solo practitioners to large firms. Following the acquisition, CCH will further build on the ATX/Kleinrock portfolio by leveraging its content and technology resources to offer customers a more complete suite of solutions meeting their special needs.

"ATX/Kleinrock and CCH have both demonstrated a strong historic commitment to excellence in providing their respective tax and accounting customers with market-leading solutions and services specifically suited to their needs,” Paul Zoukis CEO of ATX/Kleinrock said in a prepared statement. "By incorporating and tailoring CCH’s technology and rich content, the ATX/Kleinrock product line will be able to accelerate development of additional integrated software and research solutions.”

ATX/Kleinrock, headquartered in Rockville, Maryland, is owned by www.ucg.com UCG, one of the nation’s premier independent providers of business information, employs almost 300 people and has annual revenues of approximately $40 million. UCG is a portfolio of highly focused business and professional publishing companies that provide guidance, information, analysis, data and solutions to customers worldwide.

Closing of the acquisition is subject to a number of customary conditions, including satisfaction of all regulatory requirements. The parties expect the acquisition to be consummated during the next 30-60 days. Terms of the acquisition were not disclosed.

You may like these other stories...

Boehner addresses GOP priorities ahead of midterm electionsHouse Speaker John Boehner (R-OH) on Thursday delivered what amounted to closing arguments ahead of the November elections, laying out a list of Republican...
As anyone who's ever been through a divorce can attest, the pain of parting with your spouse isn't just emotional—the fallout from divorce can wreak financial havoc as well long after the dust in the courtroom...
Former DOJ Tax Division head Kathryn Keneally joining DLA Piper in New YorkGlobal law firm DLA Piper announced on Thursday that Kathryn Keneally, the former head of the US Justice Department Tax Division, is joining the firm...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.