|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
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.