Wolters Kluwer Financial Services to Acquire Financial Tools

Wolters Kluwer Financial Services announced it has acquired Financial Tools, Inc., a provider of financial analysis and credit risk management solutions.

In a release on Jan. 3, the Company said that Kampff and all of Financial Tools' 30 employees have joined Wolters Kluwer Financial Services. Terms of the deal are not being disclosed.

"The addition of Financial Tools enables us to offer commercial lenders the comprehensive solutions they need to drive commercial lending growth," said Brian Longe, CEO for Wolters Kluwer's Financial and Compliance Services division. "With access to the critical data they need, when they need it, lenders can improve performance with straight through processing and more effectively manage risk at the transactional level. And we'll help them use that same data to obtain enterprise-level views of their customer bases and businesses thereby enhancing long-term profitability."

"Joining Wolters Kluwer Financial Services means that our customers will have access to a broader array of risk management and business workflow solutions," said Dave Kampff, president and CEO of Financial Tools. "Together, we'll be able to meet the complex, changing needs of commercial lenders now and as their organizations grow."

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