Partnership will expand market presence and strengthen the advanced analytics ecosystem
Wolters Kluwer (AEX: WKL), a leading global provider of expert solutions, insights, and services for professionals, today announced that it had entered a technology partnership with Malaysia-based Quandatics Group as part of its expansion strategy in Southeast Asia.
The strategic partnership between CCH Tagetik and Quandatics, a leading provider of digital transformation strategies with expertise in the data sciences, will bring the CCH Tagetik Corporate Performance Management (CPM) platform to the region's corporate entities in streamlining their data collection, processing, and reporting efforts.
"We believe Quandatics' technical and functional capabilities, coupled with CCH Tagetik's CPM offering, will create synergies that add value to our clients and help Quandatics extend its reach across enterprise applications within any organization," said Jasmine Teo, Senior Business Manager, CCH Tagetik, Wolters Kluwer, ASEAN.
Quandatics, with a presence in Malaysia, Singapore, Thailand, the Philippines, and Australia, is an ideal partner for CCH Tagetik. Quandatics is focused on assisting companies to derive meaningful insights from data to achieve faster financial processes in budgeting and planning, consolidation, and regulatory compliance such as ESG and IFRS 17.
"In a world where regulations, financial and non-financial reporting standards, and disclosure requirements are updated frequently, companies often struggle to keep pace. We believe the answer lies in digital transformation, and we are committed to facilitating it," said Meng Thong Lim, Executive Director of Quandatics Group. "Our clients want a fully integrated, agile data analytics solution that provides insights that can deliver value, and we believe the CCH Tagetik platform meets this demand."
Quandatics is Malaysia's leading analytics provider, delivering advanced digital transformation strategies to organizations. Founded in 2014, Quandatics has become an established big data solution provider in South East Asia with a footprint in Malaysia, Singapore, Thailand, the Philippines and Australia. It serves more than 110+ clients and has deployed 70+ major unique projects across various industries including financial services, telecommunications, manufacturing and construction, education, governments, etc. The company's end-to-end strategies empower organizations to monetize and safeguard data assets, eliminating complexities to enable a frictionless data analytics and information security journey.
In a bid to build a world of higher efficiencies and data-driven decisions, Quandatics is combining its expertise in technology tools, experience in various industries and wide exposure to functional areas to provide customized solutions based on the client's business nature needs.
For more information, please visit our website at https://quandatics.com/
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors. We help our customers make critical decisions daily by providing expert solutions that combine deep domain knowledge with advanced technology and services.
Wolters Kluwer reported 2021 annual revenues of EUR4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
For more information, visit www.wolterskluwer.com, and follow us on Twitter, Facebook, LinkedIn, and YouTube.