WOLTERS KLUWER ACQUIRES CBF SYSTEMS, COMPLIANCE INT. & ePACE SOFTWARE.In related news, Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. (Haarlem, Neth.) has acquired CBF CBF Chesapeake Bay Foundation CBF Cerebral Blood Flow CBF Cooperative Baptist Fellowship CBF Confederação Brasileira de Futebol CBF Core Binding Factor CBF Chicagoland Bicycle Federation CBF Coronary Blood Flow CBF cubic feet Systems, Inc. (Fraser, MI), Compliance International (CI; Fairfield, NJ) and ePace Software (Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , CA). No terms for the deals were given. A provider of mortgage documents and document automation products for the financial services industry, CBF will become a part of Bankers Systems, Inc. (St. Cloud, MN), a unit of Kluwer division CCH CCH Colegio de Ciencias y Humanidades (Spanish) CCH Certified Clinical Hypnotherapist CCH Cook County Hospital CCH Certified in Classical Homeopathy CCH Country Club Hills (Fairfax City, VA, USA) , Inc. (Riverwoods, IL). CBF had 2000 sales of about $2l million and has 150 employees. The company provides electronic forms and form automation technology for mortgage lenders, commercial banks and related "forms-intensive" industries such as insurance. WK said said the deal will allow Bankers Systems, which provides compliance resource solutions for financial institutions and ther legal counsel, to "better meet specialized compliance needs of lenders in the United States' rapidly changing financial services and regulatory environment and marketplace." Kluwer noted that Bankers Systems serves over 80% of the nation's banks and that CBF products are used by 27 of the top 30 mortgage lenders. Compliance International had 2000 revenues of approximately $3.5 million. The company provides a series of 30 products covering securities and bank- ing topics and compliance information for brokers/dealers, exchange members and related professionals in financial institutions. Available primarily via the Internet and CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , CI's products focus on compliance with securities laws and regulations, exchange rules and supervisory procedures for brokers/dealers. Its banking product line covers federal and state banking laws and regulations and related compliance efforts. Established in 1997, ePace Software provides audit and engagement software for CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and accounting firms. Its core product is "ePace Engagement." |
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