Wolters Kluwer Divests Best Case Solutions Inc.
ALPHEN AAN DEN RIJN, Netherlands & 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
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.
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.
Amy Wolfcale, +1-917-576-8767
Meg Geldens, +31 172 641 407
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