Wolters Kluwer Acquires Effacts Legal Management Software
(Thomson Reuters ONE) -
July 10, 2015 - Wolters Kluwer Legal & Regulatory Solutions today announced the
acquisition of Effacts, a Netherlands-based provider of legal management
software to corporate legal departments in Europe and the U.S.
"Across the globe, corporate legal professionals are increasingly focused on
information and software solutions that address their needs in legal risk
management and compliance, and support increased productivity and efficiency.
The acquisition of Effacts further advances Wolters Kluwer's offerings to the
corporate segment in meeting these needs," said Frans Klaassen, Managing
Director of Legal & Regulatory Solutions for Wolters Kluwer in the Netherlands.
"We are very pleased to become part of Wolters Kluwer," said Harm Bavinck,
founder and CEO of Effacts. "Wolters Kluwer's global footprint and commitment to
product development and innovation will enable us to further enhance and extend
our product offerings, benefitting professionals around the world."
Effacts, founded in 2002, is headquartered in Amsterdam and has 25 employees.
Wolters Kluwer expects the transaction to cover its cost of capital within 3 to
5 years.
About Wolters Kluwer
Wolters Kluwer reported 2014 annual revenues of ?3.7 billion. The group serves
customers in over 170 countries, and employs over 19,000 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 program. The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY). Wolters Kluwer Legal & Regulatory Solutions is a division of Wolters
Kluwer, serving customers around the world with expert information solutions,
software, and services in the areas of law, business, and regulatory compliance.
Customers of Wolters Kluwer Legal & Regulatory Solutions include law firms,
corporate law departments, business compliance professionals, corporate legal
counsel, legal educators, universities, libraries, and government agencies.
Forward-looking Statements
This report 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.
Media
Leslie Bonacum Annemarie van Wel
Communications Communications
+ 1 847 267 7153 + 31 (0) 172 466 374
leslie.bonacum(at)wolterskluwer.com annemarie.van.wel(at)wolterskluwer.com
Investors/Analysts
Meg Geldens
Investor Relations
+ 31 (0)172 641 407
ir(at)wolterskluwer.com
PDF version of Press Release:
http://hugin.info/130682/R/1936805/698195.pdf
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(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 GlobeNewswire
[HUG#1936805]
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