Terms of the Prosoft acquisition were not released. Established in 1985, the company has 250 employees and operates in all 27 Brazilian states.The Prosoft management, led by CEO Carlos Meni, will remain with the company, which claims more than 150,000 professional users of its suite of tax, accounting, payroll, document management, and filing software
Wolters Kluwer Buys Brazilian Tax Company
Wolters Kluwer, parent of CCH, has purchased Prosoft Tecnologia, a São Paulo, Brazil-based company that markets tax and accounting software in that South American country. Wolters Kluwer's entry into the Brazilian market follows rival Thomson Reuters, which entered the country with its 2011 purchases of tax and accounting software publisher, Mastersaf.
