AMSTERDAM, The Netherlands and RIVERWOODS, Ill., Oct. 19, 2004 (PRIMEZONE) -- Wolters Kluwer Tax, Accounting & Legal, a Division of Wolters Kluwer, and a leading provider of tax, accounting, legal and regulatory information for professionals, today announced the acquisition of SIAN(TM) document management system.The acquisition of SIAN further expands the CCH Tax and Accounting award-winning suite of ProSystem fx Office productivity solutions for tax and accounting professionals. CCH Tax and Accounting, part of the Wolters Kluwer Tax, Accounting & Legal Division, is a leading provider of tax, audit and accounting information, software and services.
Purchased from Habif, Arogeti & Wynne, LLP, an accounting and business advisory firm based in Atlanta, Ga., SIAN uses Microsoft(R).Net technology to provide a document management system designed specifically for CPA firms. CPA firms can realize significant gains in productivity and facilitate compliance with regulatory requirements by reducing their reliance on paper-based processes and moving to a document management solution that incorporates electronic processes and documents.
"CCH Tax and Accounting chose SIAN because it offers the most complete document management system designed specifically for the accounting market, extending our current suite of products to provide a firm-wide paperless solution," stated CCH Tax and Accounting CEO Kevin Robert.
"With the acquisition of this robust, market-proven solution, CCH Tax and Accounting further strengthens its position as the leading provider of integrated, customer-driven productivity solutions for tax and accounting professionals," Robert said. "The integration of SIAN into the ProSystem fx Office will support professionals' transition to a truly paperless work environment and ensure that they can comply confidently and efficiently with critical document retention requirements in the digital office environment of today's CPA firms."
About Wolters Kluwer Tax, Accounting & Legal
Wolters Kluwer Tax, Accounting & Legal is a leading provider of tax, fiscal, legal and regulatory information for professionals. Major brands include CCH Tax Compliance, CCH Publishing and Aspen Publishers. Wolters Kluwer Tax, Accounting & Legal has annual revenues (2003) of Eur 652 million and is a Division of Wolters Kluwer.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of Eur 3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Media Leslie Bonacum Director, Corporate Communications Wolters Kluwer Tax, Accounting & Legal t + 1 847 267 7153 mediahelp@cch.com Caroline Wouters Vice President, Corporate Communications Wolters Kluwer nv t + 31 (0)20 6070 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations Wolters Kluwer nv t + 31 (0)20 6070 407 ir@wolterskluwer.com www.wolterskluwer.com www.tax.cchgroup.com