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WK Buys Vanguard Software

Monday, May 17 2021
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 Wolters Kluwer Tax & Accounting is acquiring Vanguard Software for about $110 million in cash. Vanguard Predictive Planning applications uses artificial intelligence in a variety of areas of supply chain management.

 The Vanguard technology will be use to extend WK”s CCH Tagetik financial performance management application into sales and operations planning, including supply chain planning and predictive analytics.

Based in Cary, N.C., Vanguard had sales of about $7.2 million in 2020 and employs 20 individuals. About 55 percent of Vanguard’s revenues are from sales of subscription-based cloud software and software-related professional implementation and consulting services.

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Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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