Wolters Kluwer Acquires Acclipse
Wolters Kluwer Tax & Accounting (Redwoods, IL, USA) have announced the signing of an agreement to acquire Acclipse Limited, (Christchurch, New Zealand) a leading provider of online accounting software, serving accounting firms in Australia, New Zealand and Asia Pacific.
“The acquisition of Acclipse will further advance Wolters Kluwer’s leadership position in providing software and cloud solutions for accounting firms and finance professionals, and our strategic expansion into collaborative accounting solutions, building on our acquisition of Twinfield in the Netherlands in 2011,” said Wolters Kluwer Tax & Accounting CEO, Kevin Robert.
“This acquisition will respond to the growing demand from accounting firms for genuine cloud-based software to support a 24/7, value-added service to clients while lowering cost of ownership. We firmly believe that cloud computing has the potential to transform how accountants work with their clients,” he said.
“CCH knows that accounting firms are trusted advisers to SMEs. The Acclipse suite, which was designed from the ground up to help accountants better service their clients, is at the heart of what we do. CCH will now be better placed more than ever to leverage our deep subject-matter expertise, global presence, rich content assets and robust technology platforms to help accounting firms work hand-in-hand with their SME clients, and ensure ‘true collaboration’,” he said.“When combined with CCH’s outstanding content, Acclipse’s cloud-based accounting solution will give CCH a unique offering − a fully integrated suite of software, workpapers, templates and checklists, deep research content and subject-matter expertise. We’re calling this offering CCH iFirm − the all-embracing firm in the cloud.”
“This acquisition will allow Acclipse to remain focused on our core competency − offering accountants and their clients great online accounting software. The global reach of CCH and Wolters Kluwer will allow us to expand the reach of our iFirm and iBizz products, and integrate these with relevant content sources to bring accountants and their clients together and achieve significant productivity improvements,” Chisholm said.
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the global leading provider of tax, accounting and audit information, software and services. Wolters Kluwer is a market-leading global information services company. Wolters Kluwer had 2011 annual revenues of €3.4 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America. 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. Please, visit the website for more information.
Acclipse was born out of the passion and commitment of its founding shareholders in 2004 to create new software solutions for accounting firms that truly delivered on our mission to “empower accounting business success”
Our journey began with interviewing over 100 accounting firms in NZ and Australia to ask ‘what software could we write that would help you run a better accounting firm?” Finding no firm was happy with their current suppliers we commenced developing the ‘next generation’ of applications that we could claim was “designed and requested by accountants for accountants”.
Today with over 2,000 firms and 10,000 licenced users in New Zealand, Australia, UK and India we’re still just beginning to deliver the cloud applications in iFirm that we know can revolutionise accounting firms in efficiency and services they offer their clients.