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Wolters Kluwer reaches agreement on acquisition of Tagetik

GRC Announcements | March 10, 2017

Wolters Kluwer Tax & Accounting recently announced that is has reached agreement on the acquisition of Tagetik for €300 million in cash. The acquisition expands the division’s existing portfolio of corporate tax compliance and internal audit solutions.

Founded in 1986, Tagetik is a global provider of corporate performance management software and services to mid- and large size corporations. Tagetik supports the workflow of the Office of the CFO, including financial and operational budgeting and planning, consolidation and close process, financial modeling, analytics and reporting. Relied upon by nearly 1,000 corporate customers and 75,000 users in over 35 countries, Tagetik’s highly configurable, modular software suite seamlessly integrates with most ERP systems, including SAP, Oracle, and Microsoft. The solution can be deployed on-premise, in the cloud, or in a hybrid manner.

The acquisition is subject to customary closing conditions. Upon completion, Wolters... To get the full story, subscribe now.