Wolters Kluwer NV : Wolters Kluwer Divests Best Case Solutions Inc.
Wolters Kluwer NV : Wolters Kluwer Divests Best Case Solutions Inc. Alphen aan den Rijn and New York, (April 29, 2013) - Wolters Kluwer Legal & Regulatory today announced the sale of Best Case Solutions Inc., a producer of bankruptcy preparation and filing software for law firms representing personal and corporate debtors. Wolters Kluwer Legal & Regulatory is a division of Wolters Kluwer. "For Wolters Kluwer Legal & Regulatory, this divestiture supports the strategy of our U.S.-based Law & Business unit to focus more sharply on its most scalable businesses, concentrating investment on core markets where competitiveness and opportunities for long-term growth are the greatest. This includes securities law, mergers and acquisitions law, anti-trust law, intellectual property, and other areas of the legal and regulatory compliance market" said Stacey Caywood, CEO of Wolters Kluwer Legal & Regulatory. Proceeds will be used for general corporate purposes. Terms of the deal were not disclosed. About Wolters Kluwer Legal & Regulatory Wolters Kluwer Legal & Regulatory provides customers around the world with expert content, solutions, software, and services in the areas of law, business, and regulatory compliance. It has operations in North America, Europe, and Asia Pacific. The primary customers of Wolters Kluwer Legal & Regulatory include law firms, corporate law departments, business compliance professionals, corporate legal counsels, legal educators, universities, libraries, and government agencies. Wolters Kluwer Legal & Regulatory is part of Wolters Kluwer, a leading global information services and solutions provider with annual revenues of (2012) €3.6 billion ($4.6 billion) and approximately 19,000 employees worldwide. 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. 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 Amy Wolfcale Meg Geldens +1-917-576-8767 +31 172 641 407 email@example.com firstname.lastname@example.org 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#1697164