Wolters Kluwer Legal, Tax & Regulatory Europe Completes Addison Software Acquisition

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Overig advies 03/10/2008 08:09
Amsterdam (October 3, 2008) - Wolters Kluwer Legal, Tax & Regulatory Europe today announced it has completed the acquisition of Addison Software and Service GmbH. Addison Software is a leading provider of software solutions for the German tax market and will become part of Wolters Kluwer Germany. This acquisition is a perfect complement to Wolters Kluwer Germany's full suite of offerings for advisors in tax, accounting, and human resources.

As leading provider of software solutions for tax advisors, CPAs, and medium-sized companies and given its broad market experience in Germany, Addison will enhance Wolters Kluwer Germany's strong portfolio of innovative solutions, and will also enhance opportunities for growth of Wolters Kluwer Legal, Tax & Regulatory Europe as leading information solutions provider.

Dr. Ulrich Hermann, CEO of Wolters Kluwer Germany, said, "This acquisition is great news for all customers of Wolters Kluwer Germany and Addison, as tax professionals will be able to benefit from an integrated offering and valuable new functionalities. It also represents an important opportunity for Wolters Kluwer Germany to grow our position as a provider of integrated products and solutions for professionals by offering a more complete range of services."

The intention to acquire Addison was announced on September 16, 2008. Terms of the acquisition are not disclosed.

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.

About Wolters Kluwer Legal, Tax & Regulatory Europe
Wolters Kluwer Legal, Tax & Regulatory Europe focuses on the growth potential of six customer segments: legal; fiscal/financial; human resources; public & government administration; health, safety & environment (HSE); and transport. With a well-established presence in over 18 countries, Wolters Kluwer Legal, Tax & Regulatory Europe offers a broad range of information, software, and services to law firms, accounting firms, corporations, and governments, and has annual revenues (2007) of €1,249 million and employs approximately 7,200 people.

Wolters Kluwer Legal, Tax & Regulatory Europe is a division of Wolters Kluwer, a leading global information services and publishing company with annual revenues (2007) of €3.4 billion and approximately 19,500 employees worldwide in over 33 countries. Visit www.wolterskluwer.com.





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