Wolters Kluwer Governance, Risk & Compliance Acquires Vcorp Services
October 07 2016 - 2:00AM
Wolters Kluwer Governance, Risk
& Compliance Acquires Vcorp Services
October 7, 2016 - Wolters Kluwer
Governance, Risk & Compliance (GRC) announced today it has
acquired Vcorp Services, LLC, a provider of
registered agent, UCC and other corporate
legal services. The acquisition
strengthens Wolters Kluwer GRC's existing portfolio of legal and
compliance products and services by furthering CT Corporation's
reach into its core markets, including small and mid-sized law
firms and corporations.
Vcorp Services, based in Monsey, New York and
founded in 2003, is supported by 22 employees. Vcorp joins GRC and
will continue to deliver its solutions to customers as part of CT's
suite of products and services. The acquisition is expected to
deliver a return above Wolters Kluwer's after tax cost of capital
(8%) in three to five years and is expected to be earnings
enhancing in its first full year.
"Vcorp is a highly successful and growing player
serving an attractive segment of our market," said John Weber,
President & CEO of Wolters Kluwer GRC's Legal Information
Services Group, which includes CT and Corsearch. "Vcorp's strong
customer base and portfolio of products and services strengthens
our overall offering and capitalizes on an important strategic
opportunity to better serve small and mid-sized corporations and
law firms."
"Being a part of CT will ensure Vcorp customers
and employees experience even greater value from the vast resources
and network now available to us," said Isaac Muller, Vcorp founder
& CEO. "We look forward to combining our strengths to meet
growing marketplace demands."
About Wolters Kluwer Governance,
Risk & Compliance
Wolters Kluwer Governance, Risk & Compliance (GRC) provides
legal, finance, risk and compliance professionals and small
business owners with a broad spectrum of solutions, services and
expertiseneeded to help manage myriad governance, risk and
compliance needs in dynamic markets and regulatory environments.
Its prominent brands include: AuthenticWeb(TM), Bankers
Systems®, BizFilings®, Capital Changes, CASH
Suite(TM), CT Corporation, CT Lien Solutions, ComplianceOne®,
Corsearch, Expere®, GainsKeeper®, LegalVIEW®, OneSumX®, Passport®,
TyMetrix® 360, Uniform Forms(TM), VMP® Mortgage
Solutions and Wiz®.
Wolters Kluwer N.V. (AEX: WKL) is a global leader
in information services and solutions for professionals in the
health, tax and accounting, risk and compliance, finance and legal
sectors. Wolters Kluwer reported 2015 annual revenues of €4.2
billion. The company, headquartered in Alphen aan den Rijn, the
Netherlands, serves customers in over 180 countries, maintains
operations in over 40 countries and employs 19,000 people
worldwide.
About CT
Corporation
CT Corporation (CT), a part of Wolters Kluwer GRC, works with
businesses to offer customized solutions and expertise about
business formations, legal and corporate business compliance, and
business licenses. Since 1892, CT has been focused on helping
businesses thrive, offering registered agent services,
incorporation, LLC formation and more.
Investors/Analysts:
Meg Geldens
Investor Relations
+ 31 172 641 407
ir@wolterskluwer.com
Media Contacts:
Alison Meyerstein
Corporate Marketing &
Communications
Wolters Kluwer Governance, Risk & Compliance
+1 212 894 9208
alison.meyerstein@wolterskluwer.com
Annemarije Pikaar
Senior Manager, External Communications
Wolters Kluwer Global Corporate Communications
+ 31 172 641 470
annemarije.pikaar@wolterskluwer.com
Forward-looking Statements and
Other Important Legal Information
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.
PDF version of Press
Release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer NV via Globenewswire
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