CCH Small Firm Services, part of Wolters Kluwer Tax and Accounting, has acquired IntelliTax, a tax software company formerly known as Orrtax Software Solutions.
Financial terms of the deal were not disclosed. CCH SFS plans to discontinue IntelliTax and transition IntelliTax's 4,000 customers to its own tax software, TaxWise.
"We will offer training programs and they will be able to attend our online webinars for free," said CCH SFS vice of president of marketing Gene Goldenberg. "We will provide a custom conversion program to convert all their data, and we will provide them with free orientation assistance. We're not increasing the prices they're paying for IntelliTax."
CCH SFS will still support old versions of IntelliTax software, but it won't update the product this year. IntelliTax had been preparing a version that would ship later this year, but CCH SFS will instead ship customers its TaxWise software with the conversion program.
CCH SFS sees the acquisition as complementary to its own products. "Quite simply, they were very capable competitors of our Small Firm Services products, particularly our TaxWise product line," said Goldenberg. "Their customer base is very similar to our current customer base. We felt very comfortable with this acquisition as a strategic growth initiative so we could build our business in the directions we're going in."
