WOLTERS KLUWER ACQUIRES HARCOURT'S PROFESSIONAL PUBLISHING UNIT.In related news, Walters Kluwer (Amsterdam) has acquired the professional, tax, accounting and related products of Harcourt, Inc.'s (Chestnut Hill Chestnut Hill may refer to: In geography:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). The acquired products, which had 1999 revenue of about $10 million, will become a part of Aspen Publishers (Gaithersburg, MD), a part of Wolters Kluwer Legal, Tax & Business North America. The acquired assets include more than 55 tax, finance and auditing texts and tax newsletters, including the unit's flagship line, "Miller's Accounting Guides." It also includes a companion CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment online testing service for accountants and a line of titles and software for finance officers and financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against professionals. Walters Kluwer said the acquisition allows Aspen to expand its professional publishing business to the tax and accounting market, adding to its line of pension, estate and financial planning products. |
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