M&A Deal Summary

Wolters Kluwer Acquires Axentis

On July 17, 2009, Wolters Kluwer acquired software company Axentis from BPOC

Acquisition Highlights
  • This is Wolters Kluwer’s 8th transaction in the Software sector.
  • This is Wolters Kluwer’s 10th transaction in the United States.
  • This is Wolters Kluwer’s 1st transaction in Ohio.

M&A Deal Summary

Date 2009-07-17
Target Axentis
Sector Software
Buyer(s) Wolters Kluwer
Sellers(s) BPOC
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

Axentis

Cleveland, Ohio, United States
Axentis provides software solutions that bring efficiency, order and control to costly, high exposure business processes. The Company's integrated solution improves workforce productivity and reduces costs, lessening exposure to governance, regulatory and operational failures.

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Buyer(S) 1

Buyer

Wolters Kluwer

Alphen aan den Rijn, Netherlands

Category Company
Founded 1836
Sector Information Services
Employees21,127
Revenue 5.6B EUR (2023)
DESCRIPTION

Wolters Kluwer is a global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer was founded in 1836 and is based in Alphen aan den Rijn, the Netherlands.


DEAL STATS #
Overall 18 of 59
Sector (Software) 8 of 28
Type (Add-on Acquisition) 14 of 51
State (Ohio) 1 of 1
Country (United States) 10 of 31
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-24 IntelliTax Software Solutions

Bellevue, Washington, United States

IntelliTax Software Solutions, Inc. provides the ATX and TaxWise lines of tax compliance and accounting software to 45,000 small professional firms in the United States and Puerto Rico. IntelliTax offers tax compliance software to 4,000 similar firms, who will now be offered the TaxWise program for the 2009 tax season.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Fort William

Milwaukee, Wisconsin, United States

Fort William LLC is 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. 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.

Buy -

Seller(S) 1

SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 37
Sector (Software) 3 of 3
Type (Add-on Acquisition) 4 of 18
State (Ohio) 2 of 3
Country (United States) 14 of 36
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 ISG Holdings

Farmington, Connecticut, United States

ISG Holdings, Inc. (“ISG”) was formed to build a workers’ compensation focused company that offers a suite of products and services to help contain the medical costs related to workers’ injury claims.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 NeuroSource

Chicago, Illinois, United States

NeuroSource provides services to neuroscience-focused inpatient facilities and physician practices. Services include facilities development and management, diagnostic/treatment equipment acquisition and management, physician practice services, and consulting services.

Sell -