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Wolters Kluwer Acquires Tsoft Financial Software
Acquisition Will Become Part
of CCHs Bankers Systems, Inc.
(CHICAGO, January 25, 2001) Wolters
Kluwer North America said today that it has acquired the assets of TSoft Financial
Software, Inc., Marietta, Ga., a provider of software and compliance support for financial
services institutions. TSoft will operate as part of CCH INCORPORATEDs Bankers
Systems, Inc., St. Cloud, Minn., unit. CCH is a leading provider of tax, business and
financial services law information and software and a Wolters Kluwer North America
company. Terms of the agreement were not disclosed.
TSoft Financial Software is the dominant provider of
software and support for major loan programs that are guaranteed by the Small Business
Administration (SBA). Its core product is SBA FormMaster+, which automates the process by
which banks and other lenders complete SBA 7(a) loans. The software, which is used by 18
out of the top 20 SBA lenders in the U.S., assists in preparing all required forms, and
includes a financial analysis module and SBA Loan Authorization Wizard.
Bankers Systems, Inc. (BSI) is the financial services
industrys leading provider of compliance resource solutions, including documents,
automation software and support services. TSoft Financial Software brings a valuable new
component to BSIs electronic business lending offerings, which includes the highly
regarded lending software, Rembrandt Lending System, for commercial, consumer and
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, financial services, 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 and
the Bankers Systems, Inc. web site can be accessed at www.bankerssystems.com.
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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