Wolters Kluwer Law & Business today announced that it has completed the acquisition from MYOB Limited of the Accountants Division of MYOB UK and MYOB Ireland, software and services providers to accountancy practices. The units are now part of Wolters Kluwer UK, one of the most respected providers of specialist products and services for the accounting, tax and finance professions. The agreement to purchase was announced on March 31, 2008.

Bob Becker, President and CEO of Wolters Kluwer Law & Business, said: "The combination of Wolters Kluwer UK, through its CCH Software division, and the Accountants Division of MYOB UK and Ireland is very good news for the accountancy profession. It is an opportunity for professionals to benefit from innovative 'best of breed' products and new capabilities in workflow tool development, training and consultancy."

By bringing together the strengths and expertise of the two businesses, CCH will be able to provide customers with access to enhanced software and service solutions, covering tax, audit, accounts production, insolvency, practice management and document management in the UK and Ireland.

Like CCH, MYOB employs highly skilled and talented people and offers a wide range of software, including market-leading systems like Viztopia Practice Management, Viztopia Accounts Production and PerTax. Over 2,500 customers, of which 1,700 are accountancy practices, currently use MYOB UK and Ireland products to streamline processes and maximise productivity.

About MYOB
MYOB is an international provider of solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success. The company develops and delivers award-winning software, services and support for more than 700,000 businesses and accounting practices.

MYOB Limited is a public company listed on the Australian Stock Exchange (ASX symbol 'MYO').