Wolters Kluwer completes acquisition of the Isabel Group’s European accountancy portfolio
Wolters Kluwer Tax & Accounting (TAA) has completed the acquisition of Isabel Group's European accountancy portfolio for €325 million in cash. The acquisition includes cloud-based financial workflow and data exchange solutions: CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin. These solutions facilitate seamless transfer of financial data, optimizing accountant-client collaboration and addressing e-invoicing compliance needs across Europe.
The acquired portfolio serves over 8,000 accounting professionals and 380,000 SMEs and corporate clients. This strategic move allows Wolters Kluwer to provide end-to-end coverage of the accounting workflow in the Belgium market, from pre-accounting to post-accounting, including e-invoicing. Marie Costers, former VP of Business Solutions at Isabel Group, will join Wolters Kluwer's TAA European executive team to lead the acquired solutions.
Wolters Kluwer Tax & Accounting (TAA) ha completato l'acquisizione del portafoglio di contabilità europeo del gruppo Isabel per 325 milioni di euro in contanti. L'acquisizione include soluzioni cloud-based per il flusso di lavoro finanziario e lo scambio di dati: CodaBox, ClearFacts, Clearnox, Zoomit e Flowin. Queste soluzioni facilitano il trasferimento senza soluzione di continuità dei dati finanziari, ottimizzando la collaborazione tra contabile e cliente e affrontando le esigenze di conformità della fatturazione elettronica in tutta Europa.
Il portafoglio acquisito serve oltre 8.000 professionisti contabili e 380.000 PMI e clienti aziendali. Questa mossa strategica consente a Wolters Kluwer di offrire una copertura completa del flusso di lavoro contabile nel mercato belga, dalla pre-contabilità alla post-contabilità, inclusa la fatturazione elettronica. Marie Costers, ex VP delle Soluzioni Aziendali del gruppo Isabel, entrerà a far parte del team esecutivo europeo di TAA di Wolters Kluwer per guidare le soluzioni acquisite.
Wolters Kluwer Tax & Accounting (TAA) ha completado la adquisición de la cartera de contabilidad europea del grupo Isabel por 325 millones de euros en efectivo. La adquisición incluye soluciones basadas en la nube para el flujo de trabajo financiero y el intercambio de datos: CodaBox, ClearFacts, Clearnox, Zoomit y Flowin. Estas soluciones facilitan la transferencia sin problemas de datos financieros, optimizando la colaboración entre contables y clientes y abordando las necesidades de cumplimiento de la facturación electrónica en toda Europa.
La cartera adquirida atiende a más de 8.000 profesionales contables y 380.000 pequeñas y medianas empresas y clientes corporativos. Este movimiento estratégico permite a Wolters Kluwer ofrecer una cobertura integral del flujo de trabajo contable en el mercado belga, desde la pre-contabilidad hasta la post-contabilidad, incluida la facturación electrónica. Marie Costers, ex VP de Soluciones Empresariales del grupo Isabel, se unirá al equipo ejecutivo europeo de TAA de Wolters Kluwer para liderar las soluciones adquiridas.
Wolters Kluwer Tax & Accounting (TAA)는 Isabel Group의 유럽 회계 포트폴리오를 인수했습니다 3억 2500만 유로 현금으로. 인수는 클라우드 기반의 재무 워크플로 및 데이터 교환 솔루션을 포함합니다: CodaBox, ClearFacts, Clearnox, Zoomit 및 Flowin. 이러한 솔루션은 재무 데이터의 원활한 전송을 촉진하여 회계사와 고객 간의 협업을 최적화하고 유럽 전역의 전자 송장 준수 필요성을 해결합니다.
인수된 포트폴리오는 8,000명 이상의 회계 전문가 및 380,000개의 중소기업 및 법인 고객을 지원합니다. 이 전략적 움직임은 Wolters Kluwer가 벨기에 시장에서 회계 워크플로의 끝에서 끝까지의 범위를 제공할 수 있게 하며, 사전 회계에서 사후 회계까지 전자 송장이 포함됩니다. Marie Costers, 이전 Isabel Group 비즈니스 솔루션 부사장은 인수한 솔루션을 이끌기 위해 Wolters Kluwer의 TAA 유럽 경영진 팀에 합류할 것입니다.
Wolters Kluwer Tax & Accounting (TAA) a achevé l'acquisition du portefeuille de comptabilité européen du groupe Isabel pour 325 millions d'euros en espèces. L'acquisition comprend des solutions basées sur le cloud pour le flux de travail financier et l'échange de données : CodaBox, ClearFacts, Clearnox, Zoomit et Flowin. Ces solutions facilitent le transfert sans faille de données financières, optimisant la collaboration entre les comptables et les clients et répondant aux besoins de conformité en matière de facturation électronique à travers l'Europe.
Le portefeuille acquis sert plus de 8 000 professionnels de la comptabilité et 380 000 PME et clients d'entreprise. Ce mouvement stratégique permet à Wolters Kluwer de fournir une couverture complète du flux de travail comptable sur le marché belge, de la pré-comptabilité à la post-comptabilité, y compris la facturation électronique. Marie Costers, ancienne VP des solutions d'entreprise du groupe Isabel, rejoindra l'équipe exécutive européenne de TAA de Wolters Kluwer pour diriger les solutions acquises.
Wolters Kluwer Tax & Accounting (TAA) hat die Übernahme des europäischen Buchhaltungsportfolios der Isabel Group für 325 Millionen Euro in bar abgeschlossen. Die Übernahme umfasst cloudbasierte Lösungen für Finanzabläufe und Datenaustausch: CodaBox, ClearFacts, Clearnox, Zoomit und Flowin. Diese Lösungen ermöglichen einen nahtlosen Transfer von Finanzdaten, optimieren die Zusammenarbeit zwischen Buchhaltern und Kunden und erfüllen die Compliance-Anforderungen an die elektronische Rechnungsstellung in ganz Europa.
Das erworbene Portfolio bedient über 8.000 Buchhaltungsfachleute und 380.000 kleine und mittelständische Unternehmen sowie Unternehmenskunden. Dieser strategische Schritt ermöglicht es Wolters Kluwer, eine umfassende Abdeckung des Buchhaltungsworkflows im belgischen Markt zu bieten, von der Vorbuchhaltung bis zur Nachbuchhaltung, einschließlich der elektronischen Rechnungsstellung. Marie Costers, ehemalige VP für Geschäftslösungen bei der Isabel Group, wird dem europäischen Führungsteam von TAA bei Wolters Kluwer beitreten, um die erworbenen Lösungen zu leiten.
- Acquisition of cloud-based financial workflow and data exchange solutions for €325 million
- Expansion of Wolters Kluwer's market presence in Belgium with end-to-end accounting workflow coverage
- Addition of over 8,000 accounting professionals and 380,000 SMEs and corporate clients to customer base
- Integration of e-invoicing compliance solutions into Wolters Kluwer's portfolio
- Strengthening of Wolters Kluwer's position in pre-accounting, e-invoicing, and post-accounting systems
- Significant cash outlay of €325 million for the acquisition
PRESS RELEASE
Wolters Kluwer completes acquisition of the Isabel Group’s European accountancy portfolio
Completed transaction includes the acquisition of cloud workflow automation and data exchange solutions CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
Strategic combination allows Wolters Kluwer to provide the Belgium market with end-to-end coverage of the accounting workflow, from pre-accounting to post-accounting, including e-invoicing
Alphen aan den Rijn — September 5, 2024 — Wolters Kluwer Tax & Accounting (TAA), today announced it has completed its previously announced acquisition of Isabel Group’s accountancy portfolio of cloud-based financial workflow and data exchange solutions for
CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin facilitate the seamless and secure transfer of bank statements, invoices, and other relevant data to optimize accountant-client collaboration and address the e-invoicing compliance needs of accounting firms and their clients across Europe. Trusted by over 8,000 accounting professionals and 380,000 small-and-midsize enterprises (SMEs), and corporate clients, these solutions help professionals increase efficiency and improve their clients’ experience.
“We are excited to close this transaction with Isabel Group as it reinforces our commitment to delivering comprehensive, top-tier accounting solutions that break down the barriers of traditional accounting practices,” said Jason Marx, CEO, Wolters Kluwer Tax & Accounting. “We believe that by combining the power of pre-accounting, e-invoicing, and post-accounting systems, we enable accounting professionals and tax advisors and small and medium-sized enterprises to streamline their operations and collaborate more efficiently. The importance of having a complete accounting workflow cannot be overstated, as it creates a seamless process that significantly boosts productivity and enhances data accuracy for the professionals we serve.”
As part of the transaction, Marie Costers, who previously served as Vice President, Business Solutions for the Isabel Group, will join Wolters Kluwer’s TAA European executive team and will continue to lead the portfolio of acquired solutions.
“With this acquisition, we're continuing to empower our customers with the tools to drive their business forward, improve their client experiences, and make the complex world of finance more manageable and effective,” said Marx. “The acquisition of this portfolio truly positions us to better serve the evolving needs of our customers, as we remain dedicated to ensuring our customers' success by continually looking to improve, expand, and evolve our portfolio of solutions.”
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Attachment
- 2024.09.05 Wolters Kluwer completes acquisition of the Isabel Group’s European accountancy portfolio
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