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Wolters Kluwer Law & Business Acquires ftwilliam.com
Acquisition Strengthens Leadership in Retirement Plan Administration Market
(RIVERWOODS, ILL., March 15, 2010) – Wolters Kluwer Law & Business announced today that it has acquired ftwilliam.com, a software as a service (SaaS) company providing third-party administrators (TPAs) and other retirement plan professionals integrated workflow solutions to automate administrative functions as well as securely comply with 5500 filing requirements. 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 holds a market-leading position in pension and benefits content and services. This acquisition provides us with a best-of-breed SaaS workflow tool to further build out our portfolio, strengthen our market position and deliver even more innovative solutions to third-party administrators and other retirement plan professionals,” said Wolters Kluwer Law & Business Vice President of Business Compliance, Paul Gibson.
With the acquisition of ftwilliam.com, Wolters Kluwer Law & Business is further expanding its suite of innovative workflow solutions for pension planning professionals. These resources include Technical Answer Group (TAG), a technical support service providing answers to pension-related questions for TPAs and other retirement plan professionals, and the Pension and Benefits eLibrary, offering a breadth and depth of expert hands-on knowledge to help customers create and manage pension and benefit plans. Some of this content already is available to ftwilliam.com customers as part of a pre-existing relationship with Wolters Kluwer Law & Business to provide pension plan content to ftwilliam.com customers.
“We’re pleased to join Wolters Kluwer Law & Business,” said Timothy M. McCutcheon, APM, ftwilliam.com President. “The combination of ftwilliam.com and Wolters Kluwer Law & Business is poised to deliver a unique set of content, service and web-based workflow solutions to ensure pension and benefits professionals have access to the integrated solutions they need to efficiently fulfill their responsibilities. In addition, Wolters Kluwer Law & Business shares our same passion for quality and outstanding customer service.”
Founded in 2005, ftwilliam.com, legal name Fort William LLC, has over 2,000 customers nationwide. It is based in Milwaukee, Wis. and has 11 employees, all of whom will join Wolters Kluwer Law & Business. The organization’s web-based integrated workflow solutions focus on simplifying and improving the consistency and accuracy of key areas of a pension professional’s compliance workflow, including pension plan document creation and management; annual compliance filings; and plan administration. It was the first vendor to be approved by the U.S. Department of Labor (DOL) Form 5500 EFAST2 electronic filing, providing a strong market advantage by making it easier for customers focused specifically in the pension area to comply with IRS plan reporting requirements.
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 health care organizations, 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 market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world. Wolters Kluwer has 2009 annual revenues of €3.4 billion, employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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