M&A Deal Summary

Wolters Kluwer Financial Services Acquires XCM Solutions

On September 14, 2020, Wolters Kluwer Financial Services acquired internet software and services company XCM Solutions for 136M EUR

Acquisition Highlights
  • This is Wolters Kluwer Financial Services’ 2nd transaction in the Internet Software and Services sector.
  • This is Wolters Kluwer Financial Services’ largest (disclosed) transaction.
  • This is Wolters Kluwer Financial Services’ 13th transaction in the United States.
  • This is Wolters Kluwer Financial Services’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2020-09-14
Target XCM Solutions
Sector Internet Software and Services
Buyer(s) Wolters Kluwer Financial Services
Deal Type Add-on Acquisition
Deal Value 136M EUR

Target

XCM Solutions

Quincy, Massachusetts, United States
website
XCM Solutions LLC is a cloud-based workflow solutions provider for professional tax and accounting firms. XCM offers a complete productivity enablement and workflow platform that empowers you to manage all types of work, within all departments, across multiple offices. XCM Solutions was established in 2002 and is based in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

Wolters Kluwer Financial Services

Minneapolis, Minnesota, United States

website

Category Company
Sector Information Technology
DESCRIPTION

Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: FRSGlobal, FinArch, ARC Logics®, TeamMate®, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS®, AuthenticWeb™ and Uniform Forms™.

DEAL STATS #
Overall 17 of 18
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 15 of 16
State (Massachusetts) 2 of 2
Country (United States) 13 of 14
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-03 Financial Tools

Irvine, California, United States

Financial Tools, Inc. is the provider of CASH Suite—an enterprise-wide financial analysis and credit risk management solution for U.S. commercial lenders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Invistics

Peachtree Corners, Georgia, United States

Invistics is a provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. Invistics was founded in 1999 and is based in Peachtree Corners, Georgia.

Buy -
Mergr

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