Wolters Kluwer Financial Services of Minneapolis said Friday ithas bought Financial Tools Inc. of Irvine, Calif., a provider offinancial analysis and credit risk management software to creditunions and other commercial lenders.

Minneapolis-based Wolters Kluwer said the 35 employees ofFinancial Tools, including President/CEO Dave Kampff, will beretained. Terms of the acquisition were not announced.

“The addition of Financial Tools enables Wolters KluwerFinancial Services to provide U.S. community and regional banks andcredit unions with the ability to manage financial performance andgrow profitability with straight-through processing across theircommercial loan origination, servicing and regulatory reporting processes,” Wolters Kluwer said in itsannouncement.

Commercial lending has emerged as one of the few business areasin which financial institutions can grow revenue profitably intoday's marketplace, the company said.

More than 600 U.S. credit unions and banks and credit unions useFinancial Tools' CASH Suite to automate and streamline businessdevelopment, financial analysis, risk management and pricing,credit communications and approvals, covenant compliance tracking,portfolio management, stress testing and in-depth reporting.

The 15,000-customer Wolters Kluwer said it would integrate theCASH Suite tools into its ComplianceOne loan and depositorigination solution.