Mintz Advises XCM Solutions in its Sale to Wolters Kluwer
Mintz advised XCM Solutions, LLC, a cloud-based workflow solutions provider for professional tax and accounting firms, in its sale to Wolters Kluwer Tax & Accounting North America, a division of Wolters Kluwer, a global provider of professional information, software solutions, and services. The transaction, which was completed on September 16, valued XCM Solutions at €136 million (roughly $160.5 million).
Founded in 2002, XCM Solutions is headquartered in Quincy, MA, and has approximately 440 employees located in the United States and India. Serving professional tax and accounting firms of all sizes across North America, XCM Solutions’ main product, XCMworkflow, is a cloud-based system that aligns with a firm’s existing systems and helps them manage all types of work across multiple clients, projects, and offices, streamlining workflows and facilitating a more collaborative way of working. The acquisition offers integration opportunities with CCH® Axcess™, Wolters Kluwer’s cloud-based software suite for professional firms in North America.
The Mintz team that advised XCM Solutions was led by Members Tom Burton and Matthew Simpson, and included Members Scott Pinarchick, Jessica Catlow and Robert Kidwell, and Associates Bethany Hickey, Zane Polston, and Nadia Do Canto.
Mintz has a strong technology sector focus and represents innovative companies throughout the business lifecycle – providing legal services for start-ups, facilitating financing for growing companies, negotiating strategic transactions and collaborations for a variety of stakeholders, and helping clients achieve regulatory compliance, protect their intellectual property assets, and more.