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Sage Software and CCH Significantly Expand Strategic Alliance
(PENSACOLA, FLA. AND RIVERWOODS, ILL., January 16, 2006) - Sage Software and
CCH, a Wolters Kluwer business (CCH), announced today that they have entered
into a new agreement that significantly expands their strategic alliance and
strengthens each company’s ability to best serve the accounting community
with premium products and services. The expanded alliance includes a number
of new opportunities designed to allow CCH and Sage Software to leverage their
key independent strengths in the accounting market.
Sage Software is a North American leader in providing small and mid-sized
businesses and the accountants that serve them with a broad range of business
management software. CCH is a leading provider of tax and accounting information,
software and services in the U.S. and Canada.
The companies first announced their innovative alliance aimed at delivering
new solutions to the accounting market in May 2004. Since then, the two have
collaborated on product integration projects between CCH ProSystem fx Tax and
the Sage CPA Practice Manager and Sage FAS Asset Accounting products.
The expanded alliance will give Sage the ability to provide its customers
and accountant partners with access to a range of CCH specialty information
resources. The companies are actively exploring opportunities to work together
in a number of other areas that will bring added value to their respective
customers, including more product integration between Sage accounting and ERP
solutions and CCH income tax, sales & use tax and accounting solutions.
CCH will also explore new ways to leverage Sage solutions to enhance its offerings
in the corporate market.
The agreement also includes the acquisition of the Sage Practice Solutions
line of business by CCH, including Sage Practice Manager, Write-up and Document
Manager. With CCH’s broad focus on the needs of professional practices,
the transfer of the business will better enable CCH to offer Sage Practice
Solutions’ customers tighter links with CCH products and a complete set
of information resources, services, and products from a single source. Terms
of the agreement were not disclosed. Sage Software employees supporting the
Sage Practice Solutions business line will become part of the CCH team. Customers
will continue to work with their Sage Practice Solutions service representatives
to ensure a seamless transition to CCH.
“Accountants are an important link between Sage and our business customers,” said
Sage Software CEO Ron Verni. “This expanded partnership strengthens both
Sage Software and CCH. It enables Sage to focus on providing our accountant
partners with the best business management applications and to provide even
more and better information resources. By focusing on our strengths, together
Sage Software and CCH can bring accountants unmatched programs in the industry.”
CCH CEO Kevin Robert noted that the new initiatives advance CCH’s commitment
to partner with market leaders to ensure that CCH’s tax and accounting
information and software solutions are well integrated with customer workflows.
“CCH’s goal is to help make tax and accounting professionals as
productive and profitable as possible by providing them with best-of-breed
products that are aligned with how they work, day in and day out,” said
Robert. “Building on the momentum that we established with Sage Software
in 2004, CCH is advancing on this commitment to customers and we are eager
to continue to partner with Sage Software to deliver solutions that are second
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (tax.cchgroup.com) is a leading provider of
tax, audit and accounting information, software and services. It has served
tax, accounting and business professionals and their clients since 1913.
Among its market-leading products are The ProSystem fx® Office, CCH® Tax
Research NetWork™, Accounting Research Manager™ and the U.S.
Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer is
a leading multinational publisher and information services company. Wolters
Kluwer has annual revenues (2004) of €3.3 billion, employs approximately
18,400 people worldwide and maintains operations across Europe, North America
and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands
(www.wolterskluwer.com). Its depositary receipts of shares are quoted on
the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100
About Sage Software (formerly Best Software)
Sage Software offers leading business management software and services that
support the needs, challenges and dreams of more than 2.4 million small
and mid-sized business customers in North America. Its parent company, The
Group plc (London: SGE.L), supports 4.7 million customers worldwide. For
more than 25 years, Sage Software has delivered easy-to-use, scalable and
customizable software for accounting, customer relationship management,
human resources, time tracking and the specialized needs of accounting practices
and the construction, distribution, manufacturing, nonprofit and real estate
industries. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.
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