Revenue growth from Morningstar Direct, a web-based institutional research platform, was one of the fastest growing lines as the financial services company Morningstar reported a 47.1-percent increase in net income on an 18.3-percent increase in revenue for the second quarter ended June 30. Meanwhile, the company said there was only a slight rise in licenses for its Advisor Workstation line.

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Revenue for the Tax & Accounting operations of Wolters Kluwer, the parent to CCH, fell by 1 percent for the year ended June 31. And while CCH wasn't mentioned by name, its Small Firm Services operation clearly had an impact on the division as Wolters Kluwer said a change in bank products cut overall revenue.

Workflow applications and mobile devices have been two of the hottest technologies in the tax-and-accounting marketplace. So making workflow and project management functions available via smartphones and tablets is about a logical combination as bread and butter.