Wolters Kluwer Divests Best Case Solutions Inc.
April 29 2013 - 2:01AM
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
Amy Wolfcale
+1-917-576-8767
amy.wolfcale@wolterskluwer.com |
Investors/Analysts
Meg Geldens
+31 172 641 407
ir@wolterskluwer.com |
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
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