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RedMoon Solutions Acquired By Wolters Kluwer

RedMoon Solutions Acquired By Wolters Kluwer

7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To Red Moon Solutions, LLC In Their Acquisition by Wolters Kluwer


7 Mile Advisors advised Red Moon Solutions, LLC (“Red Moon” or “Company”) in its sale to the Tax and Accounting division of Wolters Kluwer (“Wolters Kluwer”). Financial terms of the transaction were not disclosed.

Red Moon is a leading provider of tax and accounting software and cloud solutions for medium-to-large corporations, including a best-in-class fixed asset management solution. Led by Jim Shedivy, formerly the head of Arthur Andersen’s Tax Technology Enterprises division, Red Moon was formed by the acquisition of certain assets from Vertex Inc., who previously had acquired Jim’s division from Arthur Andersen.

Fixed Assets Manager™ (FAM) is Red Moon Solutions’ primary product. FAM provides a software tool for medium-to-large, multinational corporations to easily manage fixed asset depreciation across the company’s base of fixed assets. FAM incorporates annual depreciation rules updates into the product, which requires customers to regularly update their subscription. FAM is one of the most robust products in the fixed asset solution marketplace, offering customers the ability to manage large numbers of assets over many different accounting books for depreciation calculation (e.g. federal, state, jurisdictional, etc.) with IFRS and GAAP compliance. FAM is delivered either on-premise or hosted.

eTax Portal is a newer product offering that provides a Web-based solution for corporations to manage their tax calendars collaboratively, and to share and manipulate tax filing and depreciation related documents via the cloud. eTax Portal is provided to customers as a hosted solution, and also serves as a conduit for Red Moon Solutions to offer various workflow improvement solutions to clients. Other Red Moon products include eTax Calendar and eTax Audit Room.

This acquisition advances Wolters Kluwer’s strategy to expand its leading position in the high-growth Corporate Market and further expands Wolters Kluwer Corporate Services’ offerings, including the CCH Integrator suite, in serving medium-to-large corporations with multinational operations.

For more information, see Wolters Kluwer’s transaction announcement.

7 Mile Advisors was the exclusive sell-side advisor to Red Moon.

About Red Moon Solutions

Serving tax and accounting professionals in medium-to-large corporations, Red Moon Solutions offers corporate customers a robust hosted or on-premise solution for calculation of depreciation on complex fixed asset bases. Red Moon Solutions provides customers with unlimited accounting books; and it supports multinational operations with multicurrency applicability, IFRS and IAS compliance and imaging availability. Red Moon Solutions also offers customers the ability to utilize eTax Portal, eTax Calendar and eTax Audit Room, a cloud-based workflow management solution for tax and accounting professionals. The majority of Red Moon Solutions customers are Fortune 100 and Fortune 500 companies. Red Moon Solutions is headquartered in Sarasota, Florida. For more information, visit http://www.redmoonsolutions.com/

About Wolters Kluwer

Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading provider of premier information, research and software tools in the global tax and accounting arena. 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. The division has an estimated 5,600 employees in North America, Europe and Asia Pacific. The CEO is Karen Abramson. Corporate Services is a business unit of Wolters Kluwer Tax & Accounting, led by Vice President Scott Gruchot. Corporate Services is focused on serving the needs of tax and accounting professionals in corporations worldwide.

Wolters Kluwer (www.wolterskluwer.com) is a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer’s market leading, information enabled tools and software solutions to manage their business efficiently, deliver results to their clients and succeed in an ever more dynamic world. Wolters Kluwer reported 2012 annual revenues of €3.6 billion. The group employs over 19,000 people worldwide and maintains operations in over 40 countries across Europe, North America, Asia Pacific and Latin America. The company is headquartered in Alphen aan den Rijn, the Netherlands. The CEO is Nancy McKinstry.

About 7 Mile Advisors

7 Mile Advisors is a boutique investment bank which enables clients to increase and unlock enterprise value. 7 Mile serves clients worldwide by addressing the transactional and strategic opportunities faced by middle-market companies, boards, and financial sponsors. The firm provides customized mergers & acquisitions, private placement and restructuring services. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC.

For more information, including research on the M&A markets, visit www.7mileadvisors.com

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