Capital SCF advises Twinfield on its sale to Wolters Kluwer
Capital SCF, the technology-focused independent corporate finance boutique, is pleased to announce the sale of its client Twinfield – Europe’s premier pure-play accounting software-as-a-service (SaaS) business – to Wolters Kluwer.
Dutch-based Twinfield is a leader in online, SaaS-based collaborative accounting solutions in Europe, serving professionals in the Netherlands, UK and Scandinavia. Through this acquisition, Wolters Kluwer expands and complements its existing offering of advanced software solutions for accountants and finance professionals in SMEs in all the western European markets it serves. Twinfield will become part of the European activities of Wolters Kluwer Tax & Accounting, the global market leader in tax, accounting and audit solutions and services.
James Clark, Director of Capital SCF said: “It has been a privilege to work with Twinfield on this transaction. André, Bert and the Twinfield team have built a compelling offering for SMEs and accounting firms. They are already the market leader in the Dutch market, and as part of Wolters Kluwer, they stand well positioned to compete in the broader European market. Capital SCF are strong advocates of cloud computing and software-as-a-service business models, and this transaction reaffirms the strategic importance of SaaS in the European technology landscape.”
About Twinfield
Twinfield is a European market leader in SaaS accounting. Over 80,000 financial accounts run on Twinfield across 22 countries. Twinfield ensures efficient, secure, real-time data exchange between clients and administration or accountancy firms. Because Twinfield works as a web application, users can access and exchange financial reports online anywhere and anytime via a secure internet connection. For more information about the company and its services go to: www.twinfield.co.uk
About Wolters Kluwer Tax & Accounting
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the global leading provider of tax, accounting and audit information, software and services. Tax, accounting, and audit professionals who serve as trusted advisors to clients and businesses worldwide rely on authoritative content and integrated workflow solutions from global leader Wolters Kluwer Tax & Accounting. Wolters Kluwer had 2010 annual revenues of €3.6 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America, serving customers globally. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
About Capital SCF
Capital SCF is a technology-focused independent corporate finance boutique headquartered in London. It provides high quality, independent advice to the senior management teams and boards of the European technology industry’s innovative incumbent and disruptor companies on strategic matters critical to their growth and success. Capital SCF’s directors combine a broad network of global relationships with deep sector knowledge and specialist M&A experience to deliver a superior, senior level of service for clients who value experience, judgment, insight and innovative thinking. In addition to mergers & acquisitions advice, Capital SCF leverages its team’s extensive corporate finance and capital markets experience to advise companies on capital structure and capital raising choices, selectively raising private capital for clients.
