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.
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.