Wolters Kluwer Divests Its Minority Interest in AccessData Group
March 14 2013 - 8:00AM
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 @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
Stacy Nobles
+1 212 590 9058
stacy.nobles@wolterskluwer.com |
Investors/Analysts
Meg Geldens
+31 172 641 407
ir@wolterskluwer.com
|
|
PDF version of Press
Release
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
Wilsons Leather Experts (NASDAQ:WLSN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Wilsons Leather Experts (NASDAQ:WLSN)
Historical Stock Chart
From Jul 2023 to Jul 2024