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Wolters Kluwer North America Acquires
IHS Financial Information, Inc
Legal Compliance Information, Tools Will Become Part of CCH
(CHICAGO, December 21, 2000) Wolters Kluwer North America said today that
it has acquired the assets of IHS Financial Information, Inc. from IHS Group, Englewood,
Co. The unit will become part of CCH INCORPORATED (CCH), Riverwoods, Ill., a leading
provider of tax and business law information and software and a Wolters Kluwer North
America company. Terms of the agreement were not disclosed.
IHS Financial Information provides information and tools that assist financial services
organizations in complying with complex business laws and regulations. Its products are
supported by an extensive database of timely and accurate primary source information
including laws, regulations and forms.
Attorneys, compliance officers, auditors, managers and other professionals in the
banking, securities and credit industries depend on the products to manage their
day-to-day compliance functions.
Its online services feature libraries and databases that integrate information and
compliance tools for specialized financial service categories and include: federal,
community and state banking libraries; securities regulatory libraries; a global capital
market regulatory database; a credit union library; and the Securities Arbitration
Commentator, Inc.-IHS online Arbitration Award Database.
The IHS products will provide even greater breadth and depth to CCHs Business and
Finance Group (BFG), which tracks, reports, explains and analyzes federal and state law
for an extensive line of securities, banking, insurance and capital changes information
products and software. In recent years, the BFG group has moved aggressively to create
integrated product suites that meet the combined research, planning and compliance needs
of its legal, corporate and financial institution customers.
CCHs flagship BFG products include: CCH Internet Research NetWork (http:business.cch.com), Federal
Securities Law Reports, SEC Desktop Section 16 and Options management software,
Federal Banking Law Reports, NILS INSource on the Web and Consumer
IHS Financial Information Inc. has estimated 2000 revenues of $3
About IHS Group
IHS Group is a leading content provider of information solutions available in a variety
of media, from the Internet to CD-ROM and hardcopy. With annual sales in excess of $400
million, its companies serve the vital information needs of customers across the
worlds technical, business and professional sectors. IHS Group employs over 3,000
people worldwide. For additional information on IHS Group and its companies, visit www.ihsgroup.com.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served
four generations of business professionals and their clients. The company produces more
than 700 electronic and print products for the tax, legal, securities, human resources,
health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer
North America. The CCH web site can be accessed at www.cch.com. The CCH Business and Finance Group web site can be accessed
About Wolters Kluwer North America
Wolters Kluwer North America, headquartered in Chicago, is a unit of Wolters Kluwer nv,
Amsterdam. Its comprised of a number of highly respected legal, tax and business
information, software and service companies, including Aspen Publishers, Gaithersburg,
Md.; CCH Canadian, Toronto; CCH INCORPORATED, Riverwoods, Ill.; CCH Legal Information
Services, New York City; and CCH Tax Compliance, Torrance, Calif.
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