Wolters Kluwer Divests Its Minority Interest in AccessData Group
(Thomson Reuters ONE) -
Wolters Kluwer Corporate Legal Services to focus on its core legal services
markets
New York (March 14, 2013) - Wolters Kluwer Corporate Legal Services, the leader
in legal process and business performance management, today announced the
divestiture of its 25% interest in AccessData Group.
The sale of its minority interest in AccessData Group reinforces Wolters Kluwer
Corporate Legal Services'(CLS) focus on its core legal services markets. CLS
will continue to strengthen its position as the partner of choice for legal
professionals around the world, supporting them in managing corporate
compliance, legal entities, lien portfolios, brands, and legal spend.
AccessData Group was formed in 2010 by combining the businesses of AccessData
and Summation, formerly part of CLS. AccessData Group operates in the digital
investigation and litigation support market. Following this 2010 merger, Wolters
Kluwer remained as a strategic investor to support the integration of Summation
and AccessData.
The proceeds of the sale will be used for general corporate purposes. Terms of
the deal were not disclosed.
About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is a group of market-leading businesses
serving the largest corporations and law firms around the globe. It delivers the
expertise, products and services that are reinventing the way legal
professionals manage and conduct their business. CLS has emerged as the partner
of choice by delivering the people, products and processes to drive
transparency, ensure accountability and provide organized, accurate and
actionable information for legal, financial and insurance professionals. CLS's
businesses - CT Corporation, CT Lien Solutions, Corsearch, and TyMetrix -
empower organizations to make better business decisions and be more efficient in
today's highly transparent business environment.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions company.
It provides information, software, and services that help legal, tax, finance,
and healthcare professionals make their most critical decisions effectively and
with confidence. Customers depend on Wolters Kluwer services and solutions to
successfully move through the complex layers of data and regulation that define
modern business and government.
Wolters Kluwer had 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. Wolters Kluwer shares are
quoted on Euronext Amsterdam (symbol: WKL) and are included in the AEX and
Euronext 100 indices.
Visit our website, YouTube, follow (at)Wolters_Kluwer on Twitter, or look up
Wolters Kluwer on Facebook for more for information about our customers, market
positions, brands, and organization.
Forward-looking Statements
This press release contains forward-looking statements. These statements may be
identified by words such as "expect", "should", "could", "shall" and similar
expressions. Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the forward-looking
statements. Factors which could cause actual results to differ from these
forward-looking statements may include, without limitation, general economic
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological developments;
the implementation and execution of new ICT systems or outsourcing; and legal,
tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition, financial
risks such as currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any intention or
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact: Media Investors/Analysts
Stacy Nobles Meg Geldens
+1 212 590 9058 +31 172 641 407
stacy.nobles(at)wolterskluwer.com ir(at)wolterskluwer.com
PDF version of Press Release:
http://hugin.info/130682/R/1685330/552080.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
[HUG#1685330]
Unternehmensinformation / Kurzprofil:
Datum: 14.03.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 239505
Anzahl Zeichen: 5671
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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"Wolters Kluwer Divests Its Minority Interest in AccessData Group"
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