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 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.
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
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