Wolters Kluwer Acquires LicenseLogix
29 Oktober 2021 - 6:30PM
Wolters Kluwer Acquires LicenseLogix
Wolters Kluwer
Acquires
LicenseLogix
October
29, 2021
— Wolters Kluwer Governance, Risk & Compliance
(GRC) has acquired
LicenseLogix LLC, a
provider of U.S. business
licensing
services.
LicenseLogix is a premier provider of comprehensive business
license services, including research, filing and ongoing compliance
management. The company has been a strategic partner of GRC’s CT
Corporation for over five years and today serves more than 800
corporate customers of all sizes and across all industries. CT
Corporation is a leading U.S. provider of registered agent
services, incorporation services, and legal entity compliance.
LicenseLogix services are highly complementary to those of CT
Corporation and will form an integral component of CT’s end-to-end
legal entity compliance and managed services offerings.
LicenseLogix, based in White Plains, New York, was founded in
2011 by lawyers, technology professionals and legal service
industry veterans aiming to transform and streamline the businesses
licensing process. While the service is charged on a transactional
basis, business licenses tend to require regular renewal. The
acquisition is expected to deliver a return on invested capital
(ROIC) above Wolters Kluwer’s after tax weighted average cost of
capital (8%) within three to five years from completion. The
transaction is expected to have an immaterial impact on Wolters
Kluwer adjusted earnings in the first full year.
“This is an exciting and strategic acquisition for us. As the
demand for business license services increases, the acquisition of
LicenseLogix cements our position as a leader in this market,” said
John Weber, President and CEO of Wolters Kluwer CT Corporation. “In
addition to the strategic fit, we have worked with LicenseLogix for
several years and have the highest respect for David Yount and the
whole LicenseLogix team.”
David Yount, CEO of LicenseLogix, commented: “Wolters Kluwer has
a long and distinguished history of excellence and innovation when
it comes to providing registered agent services and incorporation
services. The combination with LicenseLogix now adds a new level of
licensing capabilities, further strengthening CT Corporation’s U.S.
legal entity compliance offering at a time when such services are
vital for all industries.”
About Wolters KluwerWolters Kluwer (WKL) is a
global leader in professional information, software solutions, and
services for the healthcare; tax and accounting; governance, risk
and compliance; and legal and regulatory sectors. We help our
customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with specialized
technology and services.
Wolters Kluwer reported 2020 annual revenues of €4.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 19,200
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 (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, Twitter, Facebook, and YouTube.
Investor Relations and Media Contacts
Investors/AnalystsMeg GeldensInvestor
RelationsTel: + 31 (0)172 641 407ir@wolterskluwer.com
MediaPaul Lyon
Gerbert van Genderen StortGovernance, Risk &
Compliance
Corporate
CommunicationsGlobal Corporate Communications Director
Media Relations ManagerTel: +44 20 3197
6586
Tel: +31 172 64
1230paul.lyon@wolterskluwer.com
press@wolterskluwer.com
Forward-looking Statements and Other Important Legal
InformationThis 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.
Certain trademarks referenced are owned by Wolters Kluwer N.V.
and its subsidiaries and may be registered in various
countries.
- 2021.10.29 Wolters Kluwer Acquires LicenseLogix
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