InvestorsCorporateMay 06, 2011

Wolters Kluwer Tax & Accounting expands portfolio of Tax & Accounting, ERP software solutions in Europe with acquisition of TopPower

Focus on leveraging technology to enhance professionals’ productivity.

Wolters Kluwer Tax & Accounting announced that it has acquired the software company, TopPower, a provider of tax, accounting, and ERP software solutions to professionals. TopPower, based in Belgium, will become part of the division’s Belgian business, Kluwer. Wolters Kluwer Tax & Accounting is the global leading provider of tax, accounting, and audit solutions and services.

With this acquisition, Wolters Kluwer further expands its offerings in Europe of software solutions in the tax, accounting, and ERP markets, with a focus on leveraging technology to enhance professionals’ productivity.

“Through continued investment and innovation, Kluwer continues to advance as a leading software provider in Belgium for SMEs and professionals in the field of tax and accountancy,” said Henri Van Engelen, Managing Director of Wolters Kluwer Tax & Accounting Europe and CEO of Kluwer in Belgium.

“In addition to the topACCOUNT software suite that offers integrated modular accounting and the ERP software, TopPower also offers sector-specific solutions,” Van Engelen noted. “These specialized sector-based solutions combined with the extensive expertise of the TopPower team expand the range of electronic solutions from which Kluwer customers will benefit. At the same time, the 4,500 TopPower clients will benefit from the investment and innovation that come from being part of Wolters Kluwer Tax & Accounting.”

TopPower was established in 1984 and has branches in Poperinge, Deinze, and Leuven, Belgium. Terms of the acquisition were not disclosed.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

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