Wolters Kluwer Acquires XCM Solutions

September 14, 2020

Wolters Kluwer Tax & Accounting North America has agreed to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms, for €136 million. The acquisition (target headquartered in Quincy, Massachusetts with ~440 employees and 2019 revenues of €19 million) will enable integration with Wolters Kluwer’s CCH Axcess platform and expand its cloud-based workflow and outsourcing capabilities.

Buyers
Wolters Kluwer
Targets
XCM Solutions
Industry
Cloud & SaaS
Location
Massachusetts, United States
Transaction Type
Buyout

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