Sale of TaxWise (USA) to Wolters Kluwer
Wolters Kluwer has acquired all shares in TaxWise. TaxWise Corporation is a leading American provider of tax preparation and accounting software in the United States and provides e-filing and transaction processing services to the tax and accounting industry. Wolters Kluwer had annual revenue of Euro 3.4 billion in 2005, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. The acquisition represents a significant strategic opportunity for Wolters Kluwer to grow its small- and mid-market position further with established tax preparation software and bank product lines.
Our American Close Brothers International partner, Harris Williams, acted as exclusive advisor to TaxWise and liaised with PhiDelphi in this transaction.