Wolters Kluwer completes acquisition of the Isabel Group’s European accountancy portfolio
05 Septembre 2024 - 10:35AM
UK Regulatory
Wolters Kluwer completes acquisition of the Isabel Group’s European
accountancy portfolio
PRESS RELEASE
Wolters Kluwer completes acquisition of
the Isabel Group’s European accountancy portfolio
Completed transaction includes the
acquisition of cloud workflow automation and data exchange
solutions CodaBox, ClearFacts, Clearnox, Zoomit, and
Flowin
Strategic combination allows Wolters Kluwer
to provide the Belgium market with end-to-end coverage of the
accounting workflow, from pre-accounting to post-accounting,
including e-invoicing
Alphen aan den Rijn — September 5,
2024 — Wolters Kluwer Tax & Accounting (TAA), today
announced it has completed its previously announced acquisition of
Isabel Group’s accountancy portfolio of cloud-based financial
workflow and data exchange solutions for €325 million in cash.
CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin facilitate the
seamless and secure transfer of bank statements, invoices, and
other relevant data to optimize accountant-client collaboration and
address the e-invoicing compliance needs of accounting firms and
their clients across Europe. Trusted by over 8,000 accounting
professionals and 380,000 small-and-midsize enterprises (SMEs), and
corporate clients, these solutions help professionals increase
efficiency and improve their clients’ experience.
“We are excited to close this transaction with Isabel Group as
it reinforces our commitment to delivering comprehensive, top-tier
accounting solutions that break down the barriers of traditional
accounting practices,” said Jason Marx, CEO, Wolters Kluwer
Tax & Accounting. “We believe that by combining the
power of pre-accounting, e-invoicing, and post-accounting systems,
we enable accounting professionals and tax advisors and small and
medium-sized enterprises to streamline their operations and
collaborate more efficiently. The importance of having a complete
accounting workflow cannot be overstated, as it creates a seamless
process that significantly boosts productivity and enhances data
accuracy for the professionals we serve.”
As part of the transaction, Marie Costers, who previously served
as Vice President, Business Solutions for the Isabel Group, will
join Wolters Kluwer’s TAA European executive team and will continue
to lead the portfolio of acquired solutions.
“With this acquisition, we're continuing to empower our
customers with the tools to drive their business forward, improve
their client experiences, and make the complex world of finance
more manageable and effective,” said Marx. “The acquisition of this
portfolio truly positions us to better serve the evolving needs of
our customers, as we remain dedicated to ensuring our customers'
success by continually looking to improve, expand, and evolve our
portfolio of solutions.”
###
About Wolters
Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information,
software solutions and services for professionals in healthcare;
tax and accounting; financial and corporate compliance; legal and
regulatory; corporate performance and ESG. We help our customers
make critical decisions every day by providing expert
solutions that combine deep domain knowledge with technology
and services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 21,400
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow us on
LinkedIn, Facebook, YouTube and Instagram.
Wolters Kluwer TAA enables tax and accounting professionals and
businesses of all sizes to drive productivity, navigate change, and
deliver better outcomes.
For more information on the latest in AI, please visit Wolters
Kluwer’s corporate AI Center or the TAA AI Hub page.
Media Contact |
Investors/Analysts |
Shannon Wherry |
Meg Geldens |
Associate Director, External Communications Tax &
Accounting |
Vice President, Investor Relations |
Wolters Kluwer |
Wolters Kluwer NV |
Office +1 972-209-2767 |
ir@wolterskluwer.com |
shannon.wherry@wolterskluwer.com |
|
|
|
Dave Guarino |
|
Vice President, Global Communications |
|
Wolters Kluwer |
|
Office +1 646 954 8215 |
|
dave.guarino@wolterskluwer.com |
|
|
|
Stefan Kloet |
|
Associate Director, External Communications |
|
Wolters Kluwer - Netherlands |
|
Office +316 12 22 36 57 |
|
Stefan.Kloet@wolterskluwer.com |
|
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Sylvie Vandevelde |
|
VP BusDev & MarCom |
|
Isabel Group |
|
Office +32 474 519 028 |
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svandevelde@isabelgroup.eu |
|
Forward-looking Statements and Other Important Legal
Information
This press release contains forward-looking statements. These
statements may be identified by words such as “expect”, “should”,
“could”, “shall” and similar expressions. Wolters Kluwer cautions
that such forward-looking statements are qualified by certain risks
and uncertainties that could cause actual results and events to
differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from
these forward-looking statements may include, without limitation,
general economic conditions; conditions in the markets in which
Wolters Kluwer is engaged; conditions created by pandemics;
behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems
or outsourcing; and legal, tax, and regulatory rules affecting
Wolters Kluwer’s businesses, as well as risks related to mergers,
acquisitions, and divestments. In addition, financial risks such as
currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of
factors should not be construed as exhaustive. Wolters Kluwer
disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Trademarks referenced are owned by Wolters Kluwer N.V. and its
subsidiaries and may be registered in various countries.
- 2024.09.05 Wolters Kluwer completes acquisition of the Isabel
Group’s European accountancy portfolio
Wolters Kluwers NV (EU:WKL)
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