Wolters Kluwer to acquire XCM Solutions for €136m.

Wolters Kluwer, an American Dutch information services company, agreed to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms, for €136m ($161m). "Our longstanding business relationship make this combination a natural evolution. Firms are seeking solutions that will allow them to modernize their workflows to remain profitable, to attract talent, and to better meet clients’ expectations beyond tax compliance work. With this acquisition and our CCH Axcess Platform, we can even better serve their needs. XCM also offers technology-enabled accounting and tax outsourcing services, which will be a great complement to the services we provide Wolters Kluwer customers today," Jason Marx, Wolters Kluwer Tax & Accounting North America President & CEO.