NEW YORK, NY--(Marketwire - Mar 14, 2013) - Wolters Kluwer Corporate Legal Services to
focus on its core legal services
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
Corporate Legal Services'(CLS) focus on its core legal services markets.
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
investigation and litigation support market. Following this 2010 merger,
Kluwer remained as a strategic investor to support the integration of
The proceeds of the sale will be used for general corporate purposes. Terms
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
expertise, products and services that are reinventing the way legal
professionals manage and conduct their business. CLS has emerged as the
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
today's highly transparent business environment.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions
It provides information, software, and services that help legal, tax,
and healthcare professionals make their most critical decisions effectively
with confidence. Customers depend on Wolters Kluwer services and solutions
successfully move through the complex layers of data and regulation that
modern business and government.
Wolters Kluwer had 2012 annual revenues of EUR3.6 billion. The group
19,000 people worldwide and maintains operations in over 40 countries
Europe, North America, Asia Pacific, and Latin America. The company is
headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer
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
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positions, brands, and organization.
This press release contains forward-looking statements. These statements
identified by words such as "expect", "should", "could", "shall" and
expressions. Wolters Kluwer cautions that such forward-looking statements
qualified by certain risks and uncertainties that could cause actual
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
conditions; conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological
the implementation and execution of new ICT systems or outsourcing; and
tax, and 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,
credit risks could influence future results. The foregoing list of factors
should not be construed as exhaustive. Wolters Kluwer disclaims any
obligation to publicly update or revise any forward-looking statements,
as a result of new information, future events or otherwise.
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Source: Wolters Kluwer NV via Thomson Reuters ONE