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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