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CCH Tax and Accounting Sells Enteract Financial Planning Software to EnterAct Software, LLC
(RIVERWOODS, ILL., June 4, 2004) – CCH Tax and Accounting, a leading provider of tax and accounting information, software and services and a Wolters Kluwer company, today announced the sale of CCH Enteract personal financial planning software to EnterAct Software, LLC. Terms of the deal were not disclosed.
"CCH carefully considered the needs of our customers in making this decision," stated CCH Tax and Accounting CEO Kevin Robert. He noted that although CCH has sold the software, the two organizations will continue to share a business relationship whereby CCH will provide tax research and content support to EnterAct Software, LLC.
"The transaction ensures that our customers will continue to benefit from CCH’s authoritative content, while also providing for a full-time focus on product development that will ensure Enteract continues to meet the market’s need for highly sophisticated financial planning desktop software," said Robert.
"Enteract is a powerful interactive financial modeling tool enabling personal financial planners to graphically support recommendations to their clients," noted David Stitt, CEO of EnterAct Software. "We’re pleased to have the opportunity to continue to enhance the software to meet the ongoing needs of the financial planning professional."
About CCH Tax and Accounting
CCH Tax and Accounting (www.tax.cchgroup.com), based in Riverwoods, Ill., is a leading provider of tax and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. CCH Tax and Accounting is a Wolters Kluwer company (www.wolterskluwer.com).
About EnterAct Software, LLC
EnterAct Software, LLC, headquartered in Middletown, OH, is a recently formed organization by veteran financial planning industry consultants David Stitt, CLU, ChFC, CEP, CFP, RFC and Ed Morrow, CLU, ChFC, CEP, CFP, RFC. EnterAct Software, LLC will operate in strategic alliance with Financial Planning Consultants, Inc. FPC's flagship product is Text Library System, a complete Client Relationship Management software program for professional financial planners http://www.financialsoftware.com.
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