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Wolters Kluwer North America Acquires Esalestax.com, Inc.
Provider of Sales and Use Tax Compliance Becomes
Part of CCH INCORPORATED
NEW YORK, September 17, 2002) – Wolters Kluwer North America
announced today that it has acquired esalestax.com, Inc., Englewood,
Co. This provider of Internet-based sales and use tax compliance
software will become part of CCH INCORPORATED (CCH), a leading
provider of tax and business law information and software and a
Wolters Kluwer company.
esalestax.com will be integrated into CCH’s Sales and Use Tax
Through this group, CCH sells a series of sales and use tax
information products and compliance tools that provide timely and
accurate tracking and reporting of sales and use tax rates in more
than 7,500 local and state jurisdictions in the U.S. and Canada. In
addition, the company offers a line of specialized database and
software products for businesses in especially complex sales and use
tax environments, including telecommunications, retail, utilities,
food and grocery industries.
The full acquisition of esalestax.com assets and employees comes
less than a year after Wolters Kluwer first acquired a minority
interest in the company. Based on that relationship, CCH already has
developed and successfully introduced to the market ZIPsales®
Returns. This product offers an automated solution for calculating
and populating sales and use tax forms from thousands of jurisdictions
as well as electronically filing and paying the appropriate state
taxing authorities. As a result, multi-state organizations with
significant sales and use tax compliance issues are able to simplify
their backroom operations and reduce their compliance costs.
"The area of sales and use tax compliance is highly complex
and time intensive for customers and continues to be an area in need
of dynamic solutions," said Rick Cline, general manager of CCH
Sales and Use Tax Group. "This acquisition helps us in realizing
our goal of delivering solutions that offer an integrated approach to
sales and use tax compliance with complete and accurate results."
On the front-end, CCH tax database offers solutions that integrate
into its customers’ billing systems and applies the correct billing
rate for sales tax to the invoices they send out. On the back-end –
through ZIPsales Returns – CCH is able to take the data from
that front-end transaction and calculate what the customer needs to
pay to comply with their sales tax obligations.
esalestax.com was established in 1999.
About Wolters Kluwer
Wolters Kluwer North America, headquartered in New York, is a unit
of Wolters Kluwer nv, Amsterdam. It is comprised of a number of highly
respected legal, tax and business information, software and service
companies, including Aspen Publishers, Incorporated, New York
City/Gaithersburg, Md.; Bankers Systems Incorporated, St. Cloud,
Minn.; CCH Canadian, Toronto, Ontario; CCH INCORPORATED, Riverwoods,
Ill.; CCH Legal Information Services, New York City; and CCH Tax
Compliance, Torrance, Calif.
Wolters Kluwer nv (www.wolterskluwer.com) is a multinational
information services company with annual sales of more than EUR 3.8
billion, employing approximately 20,000 people in Europe, North
America and Asia Pacific. The company's core activities are Legal
& Regulatory, Health, and Education. The financial results for the
year 2002 will be announced on March 11, 2003; preliminary results
will be announced in January 2003.
Wolters Kluwer was recently recognized by Forbes Magazine's highly
esteemed global "Best Big Companies" business survey as the
world's leading global media organization.
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