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Wolters Kluwer Acquires Pacs
Software Inc. Leading Practice Management Software Will Become Part Of
CCH Tax Compliance
(CHICAGO, July 14, 1999) Wolters Kluwer U.S.
said today that it has purchased PACS Software, Inc.
(PACS), an Atlanta-based provider of practice management
software for the professional accounting market. PACS
will become part of CCH Tax Compliance (CCH), Torrance,
Calif., which produces the industrys leading tax
preparation software, ProSystem fx. Terms of the
deal were not disclosed.
The acquisition allows CCH to expand its presence on
the accountants desktop with a broader range of
integrated compliance, accounting, office productivity
and research software. PACS provides specialized software
that helps U.S. and Canadian accounting professionals
manage their practices. Most prominent is its time and
billing software, which includes components for time
management, invoice production, accounts receivable, and
management and staff productivity reporting.
"Both companies are considered industry leaders
and innovators, especially in bringing sophisticated
Windowsâ and 32-bit
technology successfully to the accounting market,"
said Gene Landoe, president, CCH Tax Compliance. "In
addition, each company fulfills important strategic needs
for the other: PACS clients now benefit from CCHs
industry leading technical support, while the ProSystem fx
Suite is complimented perfectly by a leading-edge
practice management system."
In addition to ProSystem fx, CCH Tax Compliance
markets trial balance and tax planning software, and its
products provide seamless integration with CCH
INCORPORATEDs extensive tax research product line.
PACS had 1998 revenues of approximately $3 million and
has approximately 35 employees.
Wolters Kluwer U.S., headquartered in Chicago, is a
unit of Wolters Kluwer nv, Amsterdam. Its North American
operations include a number of highly respected companies
specializing in tax, legal, and regulatory publishing,
services, and software, including Aspen Publishers, CCH
Canadian, CCH INCORPORATED, CCH Tax Compliance, and Legal
www.prosystemfx.com | www.pacsusa.com
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