Wolters Kluwer Divests Its Minority Interest in AccessData Group
NEW YORK, NY -- (Marketwire) -- 03/14/13 -- Wolters Kluwer Corporate
Legal Services to focus on its core legal services markets
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
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
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
The proceeds of the sale will be used for general corporate purposes.
the deal were not disclosed.
About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is a group of market-leading
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.
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
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions
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
Wolters Kluwer had 2012 annual revenues of EUR3.6 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
positions, brands, and organization.
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
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,
regulatory rules affecting Wolters Kluwer's businesses, as well as
risks related to mergers, acquisitions, and divestments. In addition,
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
a result of new information, future events or otherwise.
PDF version of Press Release:
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Source: Wolters Kluwer NV via Thomson Reuters ONE
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