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Wolters Kluwer Law & Business Acquires Technical Answer Group
TagData Acquisition Advances Leadership in Third-Party Administrator Market
(RIVERWOODS, ILL., July 18, 2007) – Wolters Kluwer Law & Business announced today that it has acquired the assets of Technical Answer Group, Inc., a provider of information and related expert analysis to third-party administrators, insurance companies, actuaries and other benefit plan professionals who design and administer qualified deferred compensation plans for employers. It will become part of the pension and benefits portfolio within the Business Compliance group in Wolters Kluwer Law & Business. Terms of the agreement were not disclosed.
Wolters Kluwer Law & Business, with its CCH and Aspen Publishers brands, is a leading provider of pension, benefits and tax law information and services to professionals.
“Wolters Kluwer Law & Business is the content leader in the third-party administrator market. With this acquisition, we are now combining our market-leading CCH and Aspen content with a new type ofworkflow solution: the ability for professionals to ask specific questions to trusted experts and receive interactive, customized responses,” said Wolters Kluwer Law & Business Vice President of Business Compliance, Paul Gibson.
Technical Answer Group, Inc., also known as TagData, is based in Marietta, Ga. TagData allows professionals to turn to a trusted single source for customized answers to their research questions, as well as primary compliance information and news. Su bscribers have the ability to ask authoritative TagData experts technical questions relating to retirement plans. They also have access to a proprietary database of questions and answers, with over 35,000 government documents for primary law research.
“We are pleased to join the Wolters Kluwer Law & Business family,” said Richard Carpenter, TagData President. “Together, TagData and Wolters Kluwer Law & Business deliver a unique solution to the market with primary, analytical and practical information solutions for pension and benefits professionals in the benefit plan design and administration market.”
About Wolters Kluwer Law & Business
Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Its markets include law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, and legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
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