Wolters Kluwer Legal, Tax & Regulatory Europe today announced it has reached an agreement to acquire Addison Software and Service GmbH, a leading provider of software solutions for the German tax market, from HgCapital. This acquisition will strengthen Wolters Kluwer's leading position in Germany as professional information solutions provider for advisors in tax, accounting, and human resources. Addison's annual revenues in 2007 were approximately €48 million. The terms of the agreement were not released.

"The addition of Addison's essential software and services for tax professionals to the German portfolio of Wolters Kluwer Legal, Tax & Regulatory Europe is another important step to extending our position as a leading and innovative information solutions provider", states Rolv Eide, CEO of Wolters Kluwer Legal, Tax & Regulatory Europe. "Addison will further expand our growth opportunities and our ability to provide innovative solutions and bring added value to our customers in Germany."

Addison is a premier provider of software solutions for tax advisors, CPAs, and medium-sized companies. Addison has successfully established its position during the last decade as an innovative leader and provider of software and services for the German tax market. Tax advisory offices that are looking for significant efficiency increases combined with the highest quality for their clients see Addison as their first choice given its extensive market experience.

Dr. Ulrich Hermann, CEO of Wolters Kluwer Germany, adds, "This acquisition is in line with Wolters Kluwer Germany's focus on innovative technologies and providing clients with full suite offerings from specialist books and journals to databases and integrated software solutions. The acquisition of Addison will add valuable new modules and functionalities, as well as provide an integrated offering for the increasing number of combined tax and law offices."

Addison Software and Service GmbH has over 340 employees and it's headquartered in Ludwigsburg.

The transaction is subject to merger control clearance by the German Federal Cartel Office.

On behalf of Wolters Kluwer, Dresdner Kleinwort acted as sole financial advisor on the transaction, and Allen & Overy acted as legal advisor.

About Wolters Germany
Wolters Kluwer Germany GmbH has existed in Germany for over 20 years. Today, the publishing houses Carl Heymanns, Luchterhand, Werner, Carl Link, CW Haarfeld, and the Deutsche Wirtschaftsdienst, the seminar provider, Dr. Grannemann & von Fürstenberg Verlagsgesellschaft GmbH and the Akademische Arbeitsgemeinschaft, as well as the software solution provider AnNoText belong to Wolters Kluwer Germany, an information solution provider, headquartered in Cologne. Approximately 650 employees are employed in the seven offices located across Germany. Additional information can be found at www.wolterskluwer.de.