MINNEAPOLIS and VIENNA - Wolters Kluwer Financial Services, a leading worldwide provider of comprehensive compliance, risk management, finance, and audit solutions for the financial services industry, today announced it has completed the acquisition of SVENSON - a market leading regulatory reporting software suite for financial institutions, which is based in Austria. SVENSON, was part of SmartStream, a leader in financial transaction management solutions.
The SVENSON product suite complements the existing Wolters Kluwer Financial Services offering for regulatory reporting, and risk and finance management which supports financial organizations across the world.
Terms of the deal were not disclosed. For more information on the deal please see here - http://www.wolterskluwerfs.com/CorporateNoLeftNav.aspx?Pageid=15455&id=6442451423&Section=news.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management; compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: FRSGlobal, FinArch, ARC Logics®, TeamMate®, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS®, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and solutions provider with annual revenues of (2012) €3.6 billion ($4.6 billion) and approximately 19,000 employees worldwide.