Wolters Kluwer Acquires CPE Link
2016年6月2日 - 3:00AM
Expanded learning solutions to
appeal to a wide spectrum of tax professionals
June 1, 2016 - Wolters Kluwer Tax &
Accounting announced today that it has signed and completed an
agreement to acquire CPE Link, a leading online provider of
continuing professional education (CPE) for accountants, tax
preparers, and financial advisors. The acquisition will expand and
complement Wolters Kluwer's existing learning portfolio and enable
us to reach a broader range of
customers.
CPE Link, based in San Jose, CA, and founded in
2008, has five full-time employees and serves more than 10,000
practitioners in the tax and accounting space. Through its
proprietary web-based learning management system (LMS), CPE Link
offers an easy way for today's practitioners to meet all their
mandatory CPE requirements and keep up with the latest industry
changes via live webcasts, and multi-media, mobile friendly
on-demand courses. The transaction is expected to have a positive
but immaterial impact on adjusted EPS, while generating a return on
investment above Wolters Kluwer's cost of capital within 3 to 5
years.
"The acquisition of CPE Link allows us to
strengthen our current learning offerings, expand our product line
to address tax and accounting professionals' specific needs, and
cater to more practitioners with a broader range of targeted online
learning opportunities," said Josh Braunstein, EVP and General
Manager of Wolters Kluwer Tax & Accounting, Research &
Learning. "CPE Link offers an easy way for today's practitioners to
meet all of their mandatory CPE requirements and keep up with the
latest industry changes, which is very much in line with our
commitment to delivering content and tools that are simple,
practical, accurate and allow people to gain faster
insight."
About Wolters Kluwer Tax
& Accounting
Wolters Kluwer Tax & Accounting is a leading provider of
software solutions and local expertise that helps tax, accounting,
and audit professionals research and navigate complex regulations,
comply with legislation, manage their businesses and advise clients
with speed, accuracy and efficiency.
Wolters Kluwer Tax & Accounting is part of
Wolters Kluwer N.V. (AEX: WKL), a global leader in information
services and solutions for professionals in the health, tax and
accounting, risk and compliance, finance and legal sectors. We help
our customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with specialized
technology and services.
Wolters Kluwer reported 2015 annual revenues of
€4.2 billion. The company, headquartered in Alphen aan den Rijn,
the Netherlands, serves customers in over 180 countries, maintains
operations in over 40 countries and employs 19,000 people
worldwide.
Wolters Kluwer shares are listed on Euronext
Amsterdam (WKL) and are included in the AEX and Euronext 100
indices. Wolters Kluwer has a sponsored Level 1 American Depositary
Receipt program. The ADRs are traded on the over-the-counter market
in the U.S. (WTKWY).
For more information about our solutions and
organization, visit www.wolterskluwer.com, follow us on Twitter,
Facebook, LinkedIn, and YouTube.
Media Contacts |
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Laura
Gingiss |
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Annemarije Pikaar |
Public
Relations |
|
Corporate Communications |
+1
847-267-2213 |
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+31 (0)
172 64 1470 |
Laura.Gingiss@wolterskluwer.com |
|
info@wolterskluwer.com |
|
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Investors/Analysts |
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Meg
Geldens |
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Investor
Relations |
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+ 31
(0)172 641 407 |
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ir@wolterskluwer.com |
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Forward-looking
Statements
This report 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;
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.
PDF version of Press
Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer NV via Globenewswire
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