M&A Deal Summary

Wolters Kluwer Acquires UpToDate

On October 22, 2008, Wolters Kluwer acquired information technology company UpToDate from KarpReilly

Acquisition Highlights
  • This is Wolters Kluwer’s 3rd transaction in the Information Technology sector.
  • This is Wolters Kluwer’s 8th transaction in the United States.
  • This is Wolters Kluwer’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-10-22
Target UpToDate
Sector Information Technology
Buyer(s) Wolters Kluwer
Sellers(s) KarpReilly
Deal Type Add-on Acquisition

Target

UpToDate

Waltham, Massachusetts, United States
UpToDate, Inc. is a provider of clinical decision support system.

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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 16 of 59
Sector (Information Technology) 3 of 5
Type (Add-on Acquisition) 12 of 51
State (Massachusetts) 1 of 2
Country (United States) 8 of 31
Year (2008) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-24 CI Consultancy

Dublin, Ireland

CI Consultancy Ltd. is an international developer and supplier of operational risk control solutions to financial institutions and corporations worldwide. Ci3, based in Dublin, Ireland, serves over 3,000 users in Europe, North America and Asia Pacific, with enterprise risk management (ERM) software, governance, risk and compliance software and IT consulting services to provide corporations with a comprehensive view of operational risk in conjunction with audit activities.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

KarpReilly

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2007
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KarpReilly is a private equity firm focused on partnering with small to mid-size growth companies across a broad range of industries. The Firm looks to commit $10 to $25 million of equity capital per investment. Sectors of interest include building materials, business services, consumer brands, healthcare services, retail, and restaurants. KarpReilly will consider both minority or majority investment positions in transactions that include growth financings, management buyouts, acquisition financings, and recapitalizations. KarpReilly was formed in 2007 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 16
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Massachusetts) 1 of 1
Country (United States) 3 of 14
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-29 Trina Turk

Alhambra, California, United States

Trina Turk is a fabric and print-driven contemporary clothing collection and lifestyle brand inspired by living in Southern California and Palm Springs. Trina Turk was founded in 1995 and is based in Alhambra, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-13 Cafe Zupas

Phoenix, Arizona, United States

Cafe Zupas operates restaurants that offer soups, specialty salads, grilled panini sandwiches, and desserts. Cafe Zupas was formed in 2006 and is based in Phoenix, Arizona.

Buy -