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RIVERWOODS, ILL. - Tax software publisher CCH continued making an aggressive push into the small practitioner market, announcing its second major acquisition in as many months.
The Wolters Kluwer business, which produces the ProSystem fx Office line of accounting and business software products, signaled its determination to take on the market-place leader, Intuit Inc.'s QuickBooks, by striking a pact to purchase Tax-Wise Corp.
In the CPA space, TaxWise focuses on small firms that prepare simple personal returns and file them electronically.
Financial terms of the transaction, which also includes Tax-Wise's Rome, Ga., subsidiary Universal Tax Systems Inc., were not disclosed.
CCH president and chief executive Kevin Robert said that the Labor Day deal for TaxWise was one that had been previously attempted years earlier.
"I'm still not sure [how all the pieces] fell into place...