In a deal that bolsters its reach inthe GRC arena, Wolters Kluwer Tax and Accounting, parent to the CCH brand, hasacquired governance and risk applications provider Axentis Inc.

Terms were not disclosed.

Cleveland-based Axentis and its flagship AxentisEnterprise GRC software, serves Global 2000 companies in some 30 countries overa diverse range of regulated industries.

Wolters Kluwer said the acquisition positions the companyto offer an enterprise risk information platform that includes "best ofbreed" solutions across audit, risk and compliance.

“We’ve been building out our GRC strategy,” Kevin Robert,chief executive of Wolters Kluwer Tax and Accounting, told WebCPA. “Thisacquisition gives us the expertise in that vertical and creates a uniquedifferentiator in terms of depth and breadth of content that no one comes closeto matching.”

Axentis' portfolio of applications, which are SaaS-based,includes: Corporate Integrity Agreement; Enterprise Risk Management; Ethics& Corporate Compliance; Financial Controls Management; IT Governance; Legal& Regulatory Compliance; Privacy & Security Compliance; Vendor &Supplier Compliance; and Compliance Office Manager.

Wolters Kluwer said Axentis would continue to operate outof Cleveland as a distinct product line. The newly acquired unit will beoverseen by Ian Rhind, president and chief executive of CCH Canadian.

Axentis is the latest in a number of recent audit riskand compliance acquisitions by Wolters Kluwer Tax and Accounting. In 2007, theunit bought PricewaterhouseCoopers' audit software suite TeamMate and one yearlater purchased risk controls provider Ci3, which has since been renamed CCHSword.

Said Robert, “One of the challenges going forward for usis to build the interoperability of all these products into a completeintegration suite for an audit, risk and compliance framework.”

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