CCH parent Wolters Kluwer, which bought a third cloud accounting program in Brazil last week, would market its cloud software in other markets, including Australia.
“We will explore leveraging our platforms as appropriate across the globe, in different geographies, with solutions that are versioned to meet the local needs of customers,” said Russell Evans, CEO of Wolters Kluwer Tax and Accounting, which included CCH Australia in a statement to BoxFreeIT.
Practice management software CCH iFirm, part of the Acclipse acquistion last year, would soon be sold in other Asia Pacific markets, Evans confirmed.
“Wolters Kluwer Asia Pacific will soon be making a big impact with CCH iFirm in Singapore, Malaysia and India; we already have well over 300 cloud clients in India,” Evans said.
Last week Wolters Kluwer bought 250-employee Prosoft in Brazil, the world’s seventh largest economy. Brazil has seen strong demand for tax and accounting information, software and services since 2009 when the government cracked down on tax compliance.
Wolters Kluwer has already bought a swag of cloud software. The list included CCH Small Firm Services in the US which transmitted 36 million tax returns last year. CCH Small Firm Services has held the competitive contract to provide tax software to nearly 12,000 Internal Revenue Service offices for the past 16 years.
In Australia CCH sold CCH Collaborative Solutions (which included CCH iFirm and client accounting program iBizz) and CCH Integrator corporate reporting which it bought from Ernst and Young.
Wolters Kluwer sold Dutch cloud accounting program Twinfield in Europe.
Prosoft Brazil was Wolters Kluwer’s first purchase in South America and included a fully integrated suite of tax, accounting, payroll, document management, and filing software solutions and had over 150,000 businesss users.
“Tax and accounting software is a leading, growing business for Wolters Kluwer, and this acquisition further expands our global position in this area to one of the world’s faster-growing geographies,” said Nancy McKinstry, CEO of Wolters Kluwer in a press release.
“Prosoft allows us to rapidly establish a significant presence in Brazil while at the same time also advancing our move into cloud-based collaborative solutions,” said Kevin Robert, CEO of Wolters Kluwer Tax & Accounting in the release.
Image credit: Prosoft Brazil