03 September 2012

Wolters Kluwer Tax & Accounting Acquires UK-headquartered BSI

Riverwoods, IL – 03 September 2012 – Global tax authority Wolters Kluwer Tax & Accounting today announced it has acquired the assets of BSI, a leading provider of timely international tax, legal, business and investment information. The acquisition further advances Wolters Kluwer’s portfolio of premier international information supporting its continued expansion of global tax offerings in the growing corporate market. Wolters Kluwer Tax & Accounting is a global leading provider of tax, accounting and audit information, software and services. 

BSI will become part of CCH, a Wolters Kluwer business. As part of Wolters Kluwer Tax & Accounting, CCH offers tax and accounting professionals in corporations around the world market-leading solutions to help them be more accurate, productive and profitable. 

The acquisition secures Wolters Kluwer’s international content leadership, with BSI’s comprehensive portfolio of online news, analysis and expertise. BSI’s highly skilled professionals provide tax expertise in more than 114 countries, enabling real-time updates based on new developments, and immediate answers to global queries from professionals. More than 60,000 users rely on BSI’s network of web sites, monitoring the latest international tax developments and updates for timely, authoritative and specific international content in countries worldwide. 

Keeping current with complex and changing tax law is a challenge faced by professionals today across the globe, and with the addition of BSI’s premier content and coverage to CCH and Wolters Kluwer, we’re now uniquely able to help our customers overcome that challenge,” said Wolters Kluwer Tax & Accounting CEO Kevin Robert 

CCH will continue to deliver BSI’s services as distinct offerings under the CCH brand name and as part of CCH IntegratorTM. CCH Integrator, launched in February 2012, delivers CCH’s award-winning software and comprehensive international content to provide one centralized solution to streamline tax data collection, provision, research and compliance activity. 

CCH also plans to enhance current BSI offerings, creating new products and building out integration between CCH and BSI content. BSI has been a Wolters Kluwer business partner since 2008. 

“BSI was among the first companies to provide global tax information over the Internet in 1999, and it was a natural fit when CCH and BSI entered into a partner relationship five years ago,” said BSI Senior Manager Ashley Bell. 

BSI was founded in 1992 with headquarters in Hastings, U.K. The company will remain in the U.K. Terms of the acquisition were not disclosed. 

Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading provider of premier information, research, and software tools in the global tax and accounting arena. Its headquarters are in Riverwoods, Illinois. 

CCH, a Wolters Kluwer business, is the leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Wolters Kluwer  is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. 

Source: Wolters Kluwer