Information Today
Volume 18, Issue 5 May 2001
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Wolters Kluwer Acquires Compliance International, Inc.

Wolters Kluwer North America has announced that it has acquired Compliance International, Inc. of Fairfield, New Jersey, a provider of electronic regulatory information for the financial services market. Compliance International will be operated as a subsidiary of CCH INCORPORATED (CCH) of Riverwoods, Illinois, a provider of tax and business law information, software, and services, and a Wolters Kluwer North America company. Terms of the agreement were not disclosed.

Compliance International offers a series of 30 products covering securities and banking topics and compliance information primarily for broker/dealers, exchange members, and other professionals in financial institutions. Its product portfolio is delivered mostly via the Internet and CD-ROM, and is enhanced by specialized electronic services, such as customizable e-mail that provides subscribers with rule changes and notices throughout the day.

In securities, Compliance International focuses on helping industry professionals comply with complex securities laws and regulations, exchange rules, and written supervisory procedures for broker/dealers. The company provides comprehensive and customizable electronic manuals for branch managers, registered sales representatives, and users of the National Association of Securities Dealers Web site, assisting them in maintaining procedures that are in compliance with laws, regulations, and exchange rules.

Compliance International's growing banking line covers federal and state banking laws and regulations and related compliance activities. In recent years, the company has aggressively developed and launched a series of state banking training products.

According to the announcement, the acquisition of Compliance International further solidifies Wolters Kluwer's position as a provider of securities and banking legal information and compliance tools to the financial services industry, corporations, and legal professionals in the U.S. The purchase allows CCH to expand its securities products portfolio and further its strategy of creating critical compliance-focused information, desktop solutions, and online tools.

Source: Wolters Kluwer North America, Chicago, 312/425-7014; http://www.wolterskluwer.com.

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