Recent from talks
Nothing was collected or created yet.
Wolters Kluwer
View on Wikipedia
Wolters Kluwer N.V. is a Dutch multinational company that provides information, software, and services for accountants, doctors, lawyers, and other professionals. The company serves legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare markets.[3]
Key Information
Wolters Kluwer’s product portfolio includes: UpToDate, CCH, Enablon, CT Corporation, Lippincott, CCH Tagetik, Inview, Brightflag, Ovid, TeamMate.[4] Product portfolio link: https://www.wolterskluwer.com/en/solutions
The company's global headquarters are in Alphen aan den Rijn, Netherlands.[5][6]
History
[edit]Early history
[edit]Jan-Berend Wolters founded the Schoolbook publishing house in Groningen, Netherlands, in 1836.[7] In 1858, the Noordhoff publishing house was founded alongside the Schoolbook publishing house.[7] The two publishing houses merged in 1968. Wolters-Noordhoff merged with Information and Communications Union (ICU) in 1972 and took the name ICU. ICU acquired Croner in 1977, ICU changed its name to Wolters-Samsom in 1983. The company began serving foreign law firms and multinational companies in China in 1985.[8] In 1987, Elsevier, the largest publishing house in the Netherlands, announced its intentions to buy up Kluwer's stock.[7] Kluwer merged with Wolters-Samsom to fend off Elsevier's takeover bid and formed Wolters Kluwer.[9] The merger made Wolters Kluwer the second-largest publishing house in the Netherlands.[7][9]
After the merger, Wolters Kluwer began expanding internationally with the purchase of IPSOA Editore, Kieser Verlag, Technipublicaciones, and Tele Consulte in 1989.[10] By the end of the year, Wolters Kluwer expanded its presence to Spain, West Germany and France.[7] The company also launched LEX, its legal information system, in Poland.[11] In 1989, 44% of the company's revenue was earned in foreign markets.[7]
1990s
[edit]The following year, Wolters Kluwer purchased J. B. Lippincott & Co. from HarperCollins.[10] The company acquired Liber, a Swedish educational publishing company, in 1993.[12] The following year, it established its first Eastern European subsidiary, IURA Edition, in Bratislava, Slovakia. The company acquired Jugend & Volk, Dalian, Fateco Fîrlag and Juristfîrlaget, Deutscher Kommunal-Verlag Dr. Naujoks & Behrendt, and Colex Data in 1995. Wolters Kluwer was operating in 16 countries and had approximately 8000 employees by the end of that year.[7]
In 1994, Wolters Kluwer expanded its US legal business by acquiring Prentice Hall Law & Business from Simon & Schuster.[13][14] In 1995, Wolters Kluwer acquired CT Corporation. The following year, it purchased CCH Inc., a tax and business materials publisher, for $1.9 billion. The purchase assisted in expanding the company's business in Asia because of CCH Inc.'s involvement in Australia, New Zealand, Japan, Singapore, and Hong Kong.[7] It also purchased Little, Brown and Company's medical and legal division that year.[10] John Wiley & Son's legal division was purchased in 1997.[15] Waverly, Inc., Ovid Technologies, Inc. and Plenum Publishing Corporation were acquired in 1998 to develop Wolters Kluwer's medical and scientific publishing industry.[7]
2000s
[edit]In 2002, Wolters Kluwer sold Kluwer Academic Publishers to the private equity firms Cinven and Candover Investments.[16] (It is now part of Springer).[17] The company established its first three-year strategy to deliver sustained value to customers and shareholders in 2003.[11] The New Delhi Wolters Kluwer Health office opened in 2006. In 2007, Wolters Kluwer Education was sold to Bridgepoint Capital.[18] In September 2008, Wolters Kluwer acquired UpToDate, an evidence-based electronic clinical information resource.[19] The following month, the company received a multi-year contract to provide prescription and patient-level data to the United States Food and Drug Administration.[20] In 2009, Wolters Kluwer was named the "Best Place to Work" in Spain by the Great Place to Work Institute.[21]
2010s–2020s
[edit]Wolters Kluwer acquired FRSGlobal, financial regulatory reporting and risk management firm in September 2010.[22] The acquisition enabled Wolters Kluwer to provide financial organizations comprehensive compliance and risk solutions.[buzzword] The company acquired SASGAS, a financial reporting software solutions[buzzword] provider, to the foreign and domestic bank market in China in October 2011.[23] That December, Wolters Kluwer acquired Medknow, an open access publisher.[24] Also in 2011, Wolters Kluwer sold its pharmaceutical industry-related Marketing and Publishing Service division to Springer Science+Business Media, which led to a workforce reduction at its facility in Ambler, Pennsylvania, eventually leading to the site's closure in 2013.[25]
In 2012, Wolters Kluwer acquired Acclipse, an accounting software provider, and Finarch, an integrated finance and risk solutions.[buzzword][26] The company's health division tested technology to identify and treat sepsis in December.[27] Wolters Kluwer acquired Health Language, a medical terminology management provider, in January 2013.[26] In May 2013, it acquired Prosoft Tecnologia, a Brazilian provider of tax and accounting software.[28] The company acquired CitizenHawk, an American online brand protection and global domain recovery specialist, in September 2013.[29] That month, Wolters Kluwer acquired Svenson, an Austrian regulatory reporting solutions[buzzword] provider.[30] The acquisition enabled both companies to assist Austrian banks and insurance companies in meeting national and international regulatory requirements.[30]
The company became the fifth participant in the AAISalliance, an arrangement of information providers that make their services available for member insurance companies of the American Association of Insurance Services (AAIS) in April 2014.[31] In May 2014, Wolters Kluwer launched UpToDate, a clinical decision support resource, in the United Kingdom.[32] UpToDate was launched throughout Western Europe a month later.[33] Wolters Kluwer acquired Datacert, a Houston, Texas-based enterprise legal management software and services provider in April 2014.[34]
The company partnered with Anhembi Morumbi University, a private university in São Paulo, Brazil, to provide information and resources to healthcare students and professionals in June 2014.[35] That month, the company's CCH eSign solution[buzzword] won the CPA Practice Advisor Magazine's 2014 Tax & Accounting Technology Innovation Award.[36] The solution[buzzword] won the Software and Information Industry Association's "Best Enterprise Mobile Application" award that year.[37] The company partnered with Broadridge Tax Services in August 2014 to facilitate tax reporting and reconciliation.[38] In September, the company's UpToDate resource was released in Latin America.[39] That month the company extended its partnership with the American Internal Revenue Service.[40] 2014 marked the 15th year of their collaboration.[40] In May 2016, the company acquired Enablon, a global provider of Environmental, Health, Safety & Sustainability and Operational Risk Management software and SaaS solutions[buzzword].[41] Wolters Kluwer Legal & Regulatory sold Croner Group to Peninsula Business Services in 2016 and sold Croner-i to Peninsula in 2017[42][43]
In the United States, Wolters Kluwer's Legal & Regulatory Education (the education division of Wolters Kluwer Legal & Regulatory U.S.) published casebooks and legal textbooks through its Aspen Publisher's, Inc. marquee.[44][45] In 2021, Transom Capital Group purchased the Education division for US$88 million,[44] renaming the entire operation as the standalone Aspen Publishing.[46]
In June 2022, Wolters Kluwer signed and completed an agreement to acquire Level Programs S.L., a provider of legal practice management software in Spain.[47]
Wolters Kluwer launched new TeamMate+ for Internal Controls and Assurance professionals[47].
Operations
[edit]Wolters Kluwer operates under five divisions as of 2023:[48]
- Legal & Regulatory
- Tax & Accounting
- Health
- Financial & Corporate Compliance
- Corporate Performance & ESG
The company is active in over 180 countries. 59% of the company's total revenues came from Expert Solutions in 2024.[49]
Sustainability
[edit]Wolters Kluwer is listed on the Dow Jones Sustainability Index.[50] The company received the Bronze Class Sustainability Award 2014 from RobecoSAM.[51] Wolters Kluwer is recognized as one of the "Global 100 Most Sustainable Corporations in the World" by Corporate Knights.[52]
Lawsuits
[edit]In September 2024, Lucina Uddin, a neuroscience professor at UCLA, sued Wolters Kluwer along with five other academic journal publishers in a proposed class-action lawsuit, alleging that the publishers violated antitrust law by agreeing not to compete against each other for manuscripts and by denying scholars payment for peer review services.[53][54]
See also
[edit]- Books in the Netherlands
- Croner Group (a subsidiary from 1977 to 2015)
- European Business Law Review
References
[edit]- ^ "Managing Globally, and Locally". The New York Times. 12 December 2009. Retrieved 17 April 2015.
- ^ a b "Annual Report 2024". Wolters Kluwer. Retrieved 8 April 2025.
- ^ "Wolters Kluwer's Expert Solutions Journey | MIT CISR". cisr.mit.edu. Retrieved 6 October 2025.
- ^ "Solutions Directory". www.wolterskluwer.com. Retrieved 6 October 2025.
- ^ "Wolters Kluwer Corporate Office Relocated to Alphen aan den". Bloomberg News. 1 September 2009. Retrieved 17 April 2015.
- ^ "Offices". Wolters Kluwer. Retrieved 17 April 2015.
- ^ a b c d e f g h i "Wolters Kluwer History". Funding Universe. Retrieved 16 April 2015.
- ^ "Wolters Kluwer Says 'Explosive' China Legal Growth Fuels Sales". Bloomberg News. 30 August 2010. Retrieved 16 April 2015.
- ^ a b "Kluwer and Wolters Samsom Groep, the Two Dutch Publishing Groups Planning to Merge, Have Announced That Their Merger Intentions Pre-dated the Elsevier Takeover Bid". Textline Multiple Source Collection. 18 June 1987.
- ^ a b c "Wolters Kluwer". Northern Illinois University Libraries. Retrieved 16 April 2015.
- ^ a b "Wolters Kluwer Law and Business Advantages and Disadvantages". Paralegal Alliance. 5 February 2013. Retrieved 16 April 2015.
- ^ "Liber I Private Equity Investment I Mid Cap I IK Partners". IK Partners. Retrieved 16 April 2015.
- ^ "S&S Sells Two Peripheral Assets". Publishers Weekly. 28 November 1994. Retrieved 15 October 2019.
- ^ Benjamin, Jeff (23 November 1994). "Aspen Buys Prentice Hall Journals". The Daily Record. Baltimore, Md., United States. p. 3. ProQuest 389921776. Retrieved 6 July 2021.
- ^ Bean, Joanna; GAZETTE, THE (17 September 1997). "Publisher Plans to Buy Wiley Law Operation/ Deal Probably Will Result in Layoffs for Most of the 44 Employees in Springs Division". The Gazette; Colorado Springs, Colo. Colorado Springs, Colo., United States, Colorado Springs, Colo. pp. –1. ISSN 1531-2607. ProQuest 268129585.
- ^ Poynder, Richard (4 November 2002). "Kluwer Academic Publishers Sold to Venture Capitalists". Retrieved 25 April 2018.
- ^ Poynder, Richard (27 May 2003). "BertelsmannSpringer Is Sold to Private Equity Firms". Retrieved 25 April 2018.
- ^ "Bridgepoint Acquires Wolters Kluwer Education. – Free Online Library". Retrieved 25 April 2018.
- ^ "Wolters Kluwer Health to Acquire UpToDate". Healthcare IT News. 4 September 2008. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Gets FDA Contract". Pharma Marketletter. 5 November 2008.
- ^ "Who Are the Best Workplaces in the UK and Europe" (PDF). Great Place to Work Institute. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Financial Services Acquires FRSGlobal". Compliance Week. 24 September 2010. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Financial Services Acquires SASGAS". Corporate IT Update. 17 October 2011.
- ^ "Wolters Kluwer Health Acquires Medknow". Reuters. 7 December 2011. Archived from the original on 7 March 2016. Retrieved 17 April 2015.
- ^ DiStefano, Joseph N. (17 September 2013). "Medical Publisher to Close Ambler Office, Move Workers". The Philadelphia Inquirer. p. A14. Retrieved 23 June 2018 – via Newspapers.com (Publisher Extra).
- ^ a b "Global Publishing Leaders 2013: Wolters Kluwer". Publishers Weekly. 19 July 2013. Retrieved 16 April 2015.
- ^ "The Supercomputer Will See You Now". Fortune. 3 December 2012. Retrieved 17 April 2015.
- ^ "M&A and IPOs". Fortune. 20 May 2013. Retrieved 17 April 2015.
- ^ a b "Wolters Kluwer Financial Services Closes Buy of Svenson". Internet Business News. 2 September 2013.
- ^ "Wolters Kluwer Becomes Fifth Participant in the AAISalliance". Insurance Broadcasting. 29 April 2014.
- ^ "Wolters Kluwer Health Brings Out UpToDate Anywhere in UK". Health & Beauty Close-Up. 30 May 2014.
- ^ "Wolters Kluwer Health Launches UpToDate Anywhere in Western Europe". Worldwide Computer Products News. 27 May 2014.
- ^ "Deals of the Day: Questcor Pharma Agrees to $5.6 Billion Deal". Fortune. 8 April 2014. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Health Taps Universidade Anhembi Morumbi to Introduce Drug Information Resources in Brazil". Professional Services Close-Up. 19 July 2014.
- ^ "Wolters Kluwer, CCH eSign Solution Wins Prestigious Tax & Accounting Technology Innovation Award". India Investment News. 3 June 2014.
- ^ "2014 Finalists". Software and Information Industry Association. Retrieved 17 April 2015.
- ^ "Wolters Kluwer and Broadridge Tackle Tax Compliance". Asset Servicing Times. 13 August 2014. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Health Introduces UpToDate Anywhere in Latin America". UpToDate. 2 September 2014. Retrieved 17 April 2015.
- ^ a b "Wolters Kluwer, CCH Continues IRS Tech Partnership". Accounting Today. 14 September 2014. Retrieved 17 April 2015.
- ^ "Wolters Kluwer Buys Enablon: Another Corporate Giant Enters into the EH&S Market". Verdantix. 31 May 2016.
- ^ "CMA Gives Green Light for Peninsula Acquisition of Croner Group". Consultancy.uk. 13 May 2016.
- ^ White, Sara (2 October 2017). "Wolters Kluwer Sells CCH Information to Peninsula Subsidiary Croner-i". CCH Daily. Retrieved 23 March 2018.
- ^ a b "Wolters Kluwer to Divest Its U.S. Legal Education Business" (Press release). Wolters Kluwer. 27 September 2021. Archived from the original on 26 October 2021. Retrieved 23 August 2022.
- ^ Yamamoto, Eric K.; Chon, Margaret; Izumi, Carol L.; Kang, Jerry; Wu, Frank H. (2001). Race, Rights, and Reparation: Law and the Japanese American Internment. Gaithersburg: Aspen Publishers, Inc. ISBN 0-7355-2393-2. Retrieved 23 August 2022 – via Internet Archive.
- ^ "Transom Capital Acquires Wolters Kluwer U.S. Legal Education Business" (Press release). Transom Capital Group. 2 December 2021. Archived from the original on 10 April 2022. Retrieved 23 August 2022.
- ^ a b "Wolters Kluwer Digitally Transforms Assurance With Launch of New TeamMate+ Controls Capabilities". Business Wire. 17 July 2025. Retrieved 17 July 2025.
- ^ "Wolters Kluwer Appoints Divisional CEOs Creates Fifth Division Dedicated to Corporate Performance & ESG". Wolters Kluwer. Retrieved 8 April 2025.
- ^ "Wolters Kluwer Releases 2024 Annual Report". www.wolterskluwer.com. Retrieved 8 April 2025.
- ^ "Wolters Kluwer's Ongoing Commitment to Sustainablity Recognized in Dow Jones Sustainability World and Europe Indexes 2010". Euronext. 9 September 2010. Retrieved 17 April 2015.
- ^ "RobecoSAM's Corporate Sustainability Assessment Companies". RobecoSAM. Retrieved 17 April 2015.
- ^ "2015 GLOBAL 100". Global 100. Retrieved 17 April 2015.
- ^ Scarcella, Mike (13 September 2024). "Academic Publishers Face Class Action Over 'Peer Review' Pay, Other Restrictions". Reuters. Archived from the original on 14 September 2024. Retrieved 15 September 2024.
- ^ Abdur-Rahman, Sulaiman (13 September 2024). "'Illegal Conspiracy'?: EDNY Antitrust Class Action Challenges Publishers' Unpaid Peer Review Rule". New York Law Journal. Archived from the original on 13 September 2024. Retrieved 15 September 2024.
External links
[edit]- Mary H. Munroe (2004). "Wolters Kluwer Timeline". The Academic Publishing Industry: A Story of Merger and Acquisition. Archived from the original on 20 October 2014 – via Northern Illinois University.
Wolters Kluwer
View on GrokipediaWolters Kluwer N.V. is a Dutch multinational corporation that provides professional information, software solutions, and services primarily to sectors including healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG.[1]
Headquartered in Alphen aan den Rijn, Netherlands, the company employs approximately 21,700 people across more than 40 countries and serves customers in over 180 countries worldwide.[1]
Tracing its heritage to Dutch publishing houses established in the 19th century, Wolters Kluwer has evolved from traditional book publishing to a digital-focused provider of expert solutions, reporting annual revenues of €5.9 billion in 2024.[1][2]
Listed on Euronext Amsterdam, it operates through specialized divisions aligned with its professional markets, emphasizing innovation in data analytics and compliance tools to support decision-making for professionals such as lawyers, accountants, doctors, and financial experts.[3][4]
History
Founding and Early Mergers (Pre-1990)
Wolters Kluwer traces its origins to several independent Dutch publishing houses established in the 19th century, specializing in educational and professional materials. J.B. Wolters founded a schoolbook publishing house in Groningen in 1836, focusing on improving educational content.[5] P. Noordhoff established another publishing house in Groningen in 1858.[5] Nicolaas Samson began operating a publishing business full-time in Alphen aan den Rijn in 1886, while Ebele E. Kluwer published his first textbook in Deventer in 1891.[5] These family-run enterprises laid the groundwork for later consolidations in the Dutch publishing sector. Consolidation began in the late 20th century amid growing competition. In 1968, the J.B. Wolters Publishing Company merged with Noordhoff to form Wolters-Noordhoff.[5] Separately, in 1970, Samson merged with A.W. Sijthoff, creating the Information and Communications Union (ICU).[5] This entity further expanded in 1972 by merging with Wolters-Noordhoff, retaining the ICU name.[5] By 1983, ICU had been renamed Wolters-Samson.[5] The pivotal merger occurred in 1987 when Wolters-Samson combined with the independent Kluwer publishing house to form Wolters Kluwer N.V., headquartered in Amsterdam.[5] This union was strategically motivated to defend against a hostile takeover attempt by rival publisher Elsevier.[6] Early international expansion included J.B. Wolters opening an office in Jakarta, Dutch East Indies, in 1920.[5] By the late 1980s, the company operated primarily in professional publishing, with emerging interests in legal, tax, and educational sectors across Europe.[5]Expansion Through Acquisitions (1990s)
In the 1990s, Wolters Kluwer accelerated its growth strategy through a series of acquisitions targeting professional information services, particularly in legal, tax, medical, and scientific publishing sectors, which drove at least 15% annual average profit growth.[7] This period marked a shift toward consolidating market positions in North America and Europe, with over a dozen deals involving both traditional print publishers and early electronic content providers, enabling the company to expand from primarily European roots into a global player by mid-decade with operations in 25 countries.[7] [5] A pivotal early acquisition occurred in 1990 when Wolters Kluwer purchased J.B. Lippincott & Company from HarperCollins for more than $250 million, adding substantial medical and nursing publications to its portfolio and strengthening its foothold in U.S. healthcare information.[5] This deal, valued at approximately the excess of $250 million, integrated Lippincott's established titles into Wolters Kluwer's offerings, facilitating cross-selling opportunities in professional education and reference materials.[8] The decade's largest transaction came in 1996 with the $1.9 billion acquisition of CCH Inc., a prominent U.S. publisher of tax, accounting, and business compliance resources, which nearly doubled Wolters Kluwer's revenue in those segments and solidified its dominance in regulatory compliance tools.[5] CCH's extensive loose-leaf services and newsletters complemented Wolters Kluwer's existing legal databases, creating synergies in integrated professional workflows amid rising demand for specialized business intelligence.[9] Further digital-oriented expansion included the 1998 purchase of Ovid Technologies, an innovator in electronic aggregation with interfaces to databases like MEDLINE from the U.S. National Library of Medicine, enhancing Wolters Kluwer's capabilities in online scientific and medical research delivery.[7] These acquisitions not only diversified revenue streams but also positioned the company to capitalize on the impending shift to electronic publishing, though integration challenges arose from the scale of U.S.-focused deals amid currency fluctuations and antitrust scrutiny.[10]Digital Transformation and Growth (2000s)
In September 2003, Nancy McKinstry was appointed CEO and Chair of the Executive Board of Wolters Kluwer, succeeding Rob van Nauta Lemkes amid challenges in adapting to digital markets.[11] Under her leadership, the company accelerated its transition from traditional publishing to digital solutions, emphasizing investments in online platforms, software, and services for professional users in legal, tax, health, and finance sectors.[7] This strategy involved divesting non-core assets to streamline operations and fund technology-driven growth, reflecting a recognition that print-based revenues were declining due to internet adoption and demand for real-time, integrated information tools. Between 2004 and 2006, Wolters Kluwer nearly tripled its annual investment in digital infrastructure and product development, prioritizing workflow software and electronic databases over physical publications.[7] Key to this was the 2007 divestiture of its Education division, which generated a book profit of €595 million and allowed reallocation of capital toward high-margin digital offerings in core professional markets.[12] Acquisitions complemented this shift, including Loislaw in 2000 for $95 million to bolster online legal research capabilities, and UpToDate in 2008, an evidence-based clinical decision support tool that enhanced digital health solutions.[13][14] Other moves, such as the 2006 acquisition of GulfPak for corporate filing software, targeted automation in regulatory compliance.[15] These efforts drove revenue growth and diversification, with digital products—encompassing online subscriptions, SaaS tools, and data analytics—gaining prominence as print declined. By the end of the decade, the company had reoriented toward recurring revenue streams from expert software, setting the stage for over two-thirds of future sales from non-print sources, though exact 2009 figures reflected ongoing transition amid economic pressures from the global financial crisis.[7] McKinstry's focus on talent acquisition in technology roles, initiated in the early 2000s, supported this evolution by building internal expertise in software engineering and user-centric digital platforms.[16] Overall, the period marked a causal pivot: shedding legacy assets enabled sustained investment in scalable digital assets, yielding improved margins and positioning Wolters Kluwer as a leader in professional information services.Modern Developments and Strategy (2010s–2025)
In the early 2010s, Wolters Kluwer advanced its digital transformation by adopting an enterprise-wide strategy to develop and deliver expert solutions that integrate trusted content with software workflows, enabling professionals in regulated sectors to make informed decisions more efficiently.[17] This built on prior shifts toward subscription-based models, with recurring revenues forming a growing portion of total income as the company divested print-heavy operations and invested in SaaS platforms. Key acquisitions during the decade, such as Health Language for clinical terminology management and Prosoft Tecnologia for tax and accounting software in Brazil, strengthened domain expertise in health and emerging markets.[7] By mid-decade, the focus sharpened on content-enabled technologies, yielding consistent organic revenue growth amid economic recovery post-2008 financial crisis. Financial performance reflected disciplined execution, with annual revenues rising from €3.2 billion in 2010 to €4.6 billion by 2019, supported by mid-single-digit organic growth and margin expansion through cost efficiencies and digital shifts.[18] Adjusted operating profit margins improved progressively, reaching around 25% by the late 2010s, as the company prioritized high-return investments and share repurchases. The COVID-19 pandemic in 2020 tested resilience but accelerated demand for remote workflow tools, contributing to a rebound with 2021 revenues exceeding €4.9 billion and sustained organic growth of 6% annually through 2024.[19] Entering the 2020s, Wolters Kluwer intensified AI integration via its Expert AI platform, embedding generative and predictive capabilities into solutions for legal, tax, health, and compliance workflows to automate routine tasks while preserving human oversight in high-stakes decisions.[20] Strategic divestitures of non-core assets, including Pharma Solutions in 2020, ComplyTrack in 2021, Finance, Risk & Regulatory Reporting to Regnology in 2025, and legal units in France and Spain to Karnov in 2022, streamlined operations toward high-growth expert solutions, generating proceeds for reinvestment.[21][22] Recent acquisitions like Brightflag for AI-driven legal spend management in 2024, eOriginal for digital lending in 2021, and IDS for mortgage document services in 2022 further embedded AI and automation.[23] The 2025–2027 strategy emphasizes scaling SaaS and AI penetration (with 11% of revenues allocated to product development), accelerating growth via partnerships and adjacencies, and evolving capabilities in go-to-market efficiency, technology adoption, and ESG metrics, targeting EPS-accretive deals with RoIC exceeding 8% within three to five years.[24] By 2024, revenues reached €5.9 billion, with 84% recurring and adjusted free cash flow supporting up to €1 billion in 2025 share repurchases.[25][26]Corporate Governance and Leadership
Executive Leadership
Nancy McKinstry has served as Chief Executive Officer and Chair of the Executive Board of Wolters Kluwer since July 2003.[27] Under her leadership, the company underwent significant digital transformation, shifting from print-based publishing to software and analytics solutions, which contributed to revenue growth from €3.3 billion in 2003 to €5.7 billion in 2024.[27] McKinstry announced her intention to retire in February 2026 after over two decades in the role.[28] Stacey Caywood joined the Executive Board as a member in May 2025, following approval at the Annual General Meeting of Shareholders on May 15, 2025.[29] She is designated to succeed McKinstry as CEO and Chair upon retirement, bringing experience from her prior role as CEO of Wolters Kluwer's Health division, where she oversaw clinical software and evidence-based solutions serving over 1 million clinicians globally.[30] Kevin Entricken has been Chief Financial Officer and a member of the Executive Board since January 2021, managing financial strategy, investor relations, and corporate development, including mergers and acquisitions that expanded the company's expert solutions portfolio.[31] The Executive Board, accountable to the Supervisory Board, sets the company's strategic direction, risk profile, and sustainability initiatives, with a focus on innovation in professional services sectors.[32] This structure aligns with Dutch corporate governance standards, emphasizing two-tier oversight.[33]Board Structure and Ownership
Wolters Kluwer N.V. operates under a two-tier board structure typical of Dutch public companies, comprising an Executive Board responsible for day-to-day management, strategy formulation, risk oversight, financial performance, and sustainability initiatives, and a Supervisory Board tasked with supervising the Executive Board, approving major decisions, and ensuring alignment with shareholder interests.[33][32] This structure adheres to the Dutch Civil Code, the company's Articles of Association, and the Dutch Corporate Governance Code on a "comply or explain" basis, with any deviations reported annually.[33] In 2002, the company abolished its voluntary structured regime, eliminating priority shares and certifying shares to enhance shareholder influence via the General Meeting of Shareholders (GMS).[33] The Executive Board, appointed by the Supervisory Board and confirmed by the GMS for up to four-year terms (renewable), is led by the Chief Executive Officer, who serves as Chair.[32] Current members include Nancy McKinstry as CEO and Chair of the Executive Board, with remuneration policies emphasizing long-term incentives tied to performance metrics, as approved by shareholders in 2021 and valid through 2024.[32][34] The Supervisory Board, requiring at least three members and limited to no more than five external directorships per member (with chair roles counting double), comprises solely independent non-executive directors appointed by the GMS for up to four-year terms.[35] It operates through specialized committees, including the Audit Committee (chaired by Jack de Kreij, focusing on financial reporting and internal controls) and the Selection and Remuneration Committee (with Ann Ziegler as Selection Chair and Heleen Kersten as Remuneration Chair, handling board appointments and executive pay).[35] Current members are Ann Ziegler, Jack de Kreij, Anjana Harve, Heleen Kersten, David Sides, Sophie Vandebroek, and Chris Vogelzang, all deemed independent under governance criteria.[36][35] Ownership is fully dispersed with 100% free float and no controlling shareholder, reflecting the post-2002 governance shift.[37][33] As of November 2023, institutional investors hold approximately 92% of ordinary shares, with the remainder comprising unidentified holdings, broker-dealer positions, retail investors, or treasury shares.[37] Shares are geographically distributed as follows: 48% in North America (primarily U.S. and Canada), 21% in the United Kingdom, 19% in continental Europe, and 4% in Asia-Pacific and rest of world; no single entity exceeds disclosure thresholds per Dutch authority records.[37] The company maintains around 238 million ordinary shares outstanding, traded on Euronext Amsterdam under ticker WKL.[37]Business Divisions and Operations
Legal and Regulatory Division
The Legal & Regulatory Division of Wolters Kluwer delivers expert solutions that combine domain-specific knowledge, advanced technology, and services to support legal and compliance professionals in enhancing productivity, analyzing outcomes, and ensuring regulatory adherence. These offerings enable informed decision-making and contribute to more transparent, just, and safe societies by streamlining research, workflow automation, and risk mitigation.[38] The division emphasizes digital transformation, with a focus on software and information services that integrate generative AI capabilities, such as those introduced in VitalLaw for legal research and InView Legal for analytics in 2024.[39] Key products and services include VitalLaw for comprehensive U.S. legal research and intelligence; Legisway for contract lifecycle management and compliance workflows; Kleos for law firm practice management; TyMetrix 360° for enterprise legal management; and others such as LEX, ONE, Navigator, Schulinck, and Passport, which provide jurisdiction-specific regulatory tools and insights.[38] These solutions cater to diverse workflows, from matter management and e-billing to predictive analytics and evidence-based content, prioritizing recurring revenue streams that accounted for a significant portion of divisional performance.[39] The division primarily serves law firms, in-house corporate legal departments, government organizations, and academic institutions across the U.S., Europe, and select international markets, with tailored offerings for small to large enterprises.[38] In the U.S., it operates through entities like CT Corporation for registered agent and compliance services, while internationally, it addresses varying regulatory landscapes via localized platforms.[40] Growth has been driven by organic expansion in digital information (7% in 2024) and software segments (6% organic), supported by strategic acquisitions to enhance capabilities in enterprise legal management and compliance.[39] Financially, the division reported €946 million in revenue for 2024, an 8% increase in constant currencies from €875 million in 2023, with 5% organic growth primarily from digital solutions and a transfer of the Chinese BOLD legal research platform.[39] [41] Adjusted operating profit reached €176 million, up 19% organically, yielding an 18.6% margin—bolstered by operational efficiencies, a favorable product mix, and excluding a €15 million one-time pension gain.[39] For 2025, organic growth is projected to align with the prior year's 5%, amid ongoing investments in AI and workflow integrations.[39] Recent developments include the 2025 acquisition of Brightflag, a legal spend management platform, for approximately €425 million, which added enterprise legal management expertise and €22 million in 2024 revenue (with €27 million ARR by April 2025).[23] [42] Earlier moves, such as the acquisition of Registered Agent Solutions to expand CT Corporation's services for small businesses and law firms, have strengthened compliance offerings.[40] The division, led by CEO Martin O’Malley, continues to prioritize software-driven innovation to address evolving regulatory challenges and technological demands in legal operations.[38]Tax and Accounting Division
The Tax & Accounting division of Wolters Kluwer specializes in software, research, and workflow solutions for tax preparation, accounting, auditing, and practice management, primarily serving professionals in the United States and select international markets.[43] These offerings leverage domain-specific content, cloud-based platforms, and AI integrations to enhance compliance, efficiency, and client advisory capabilities.[44] In 2024, the division drove the company's overall organic revenue growth of 6%, contributing to group revenues of €5.9 billion.[45][25] A cornerstone product is CCH Axcess, a comprehensive cloud-native platform launched in phases starting around 2013, which automates tax return preparation, audit workflows, and firm operations through integrated modules for document management, client collaboration, and data analytics.[46] Complementary tools include ATX tax software for smaller firms, CCH AnswerConnect for AI-enhanced tax research drawing from federal, state, and international sources, and sales/use tax automation solutions.[47] The division's ecosystem emphasizes seamless interoperability via the CCH Axcess Marketplace, enabling third-party integrations for specialized needs like payroll or estate planning.[48] The division's foundation traces to the 1996 acquisition of CCH Inc. for $1.9 billion, which brought longstanding U.S. tax publishing expertise dating back to the early 20th century, including materials on federal income tax compliance since its 1913 inception.[7] Subsequent expansions incorporated audit and accounting technologies, evolving from print-based resources to digital platforms amid regulatory complexities like the Tax Cuts and Jobs Act of 2017.[49] Recent innovations include the October 21, 2025, launch of CCH Axcess Client Collaboration, an AI-powered module for secure document sharing and real-time advisory interactions, aimed at reducing manual processes in client engagements.[50] Wolters Kluwer's Tax & Accounting solutions prioritize accuracy in dynamic regulatory environments, with built-in updates for IRS forms, state filings, and international standards, serving over 100,000 accounting firms and corporations.[47] The division's growth reflects broader digitization trends, with emphasis on Expert AI for predictive insights and risk assessment, though adoption varies by firm size due to migration costs from legacy systems.[44]Health Division
The Health Division of Wolters Kluwer delivers clinical technology, evidence-based content, and software solutions aimed at enhancing decision-making, patient outcomes, and operational efficiency across the healthcare continuum. Headquartered in Waltham, Massachusetts, it targets clinicians, hospitals, academic institutions, health plans, researchers, pharmacies, and payers with tools focused on clinical effectiveness, research and learning, safety and surveillance, and interoperability with data intelligence.[51][52] The division emphasizes integrating artificial intelligence and generative AI into care delivery to reduce clinical variation, optimize workflows, and lower costs while advancing evidence-based practices.[53] Core offerings include UpToDate, an electronic clinical decision support resource providing synthesized evidence from peer-reviewed literature, acquired by Wolters Kluwer Health in October 2008 to bolster point-of-care tools for physicians and nurses.[14] Ovid, a platform for medical, nursing, and allied health research, aggregates journals, books, and databases alongside clinical surveillance and drug information services.[54] Additional solutions encompass Health Language for medical terminology management, acquired in January 2013 to support interoperability in electronic health records; Emmi for patient engagement, purchased in 2016 to facilitate multimedia education and shared decision-making; and nursing-specific tools like NurseTim, acquired in January 2023 for simulation-based education.[55][56][57] The division also publishes journals and books through Lippincott Williams & Wilkins, covering specialties from basic science to clinical practice.[58] In 2024, the Health Division reported revenues of €1.58 billion, accounting for 27% of Wolters Kluwer's total €5.9 billion and reflecting 5% organic growth in constant currencies despite the divestiture of its continuing medical education unit on August 30, 2024.[25][59] This performance underscores the division's reliance on subscription-based software and content, with expansions driven by targeted acquisitions to address gaps in clinical surveillance, terminologies, and education amid rising demand for data-driven healthcare tools.[39] Leadership under CEO Greg Samios prioritizes strategic partnerships and AI enhancements to maintain competitive positioning in a market where empirical evidence from randomized trials and systematic reviews informs product validation.[51]Financial and Corporate Compliance Division
The Financial and Corporate Compliance Division of Wolters Kluwer specializes in delivering technology-enabled solutions for regulatory compliance in lending and investment sectors, alongside corporate services and legal entity management tools designed to support adherence to evolving obligations.[60] These offerings target financial institutions such as banks, non-bank lenders, credit unions, insurers, and securities firms, as well as corporations and small businesses seeking to manage risks, enhance efficiency, and meet statutory requirements.[60] The division operates as one of Wolters Kluwer's five global units, emphasizing practical compliance maintenance over broader financial analytics.[3] On the corporate side, the division provides entity management and filing services through subsidiaries like CT Corporation, which handles registered agent duties, business incorporations, annual report filings, and licensing compliance to ensure entities remain in good standing across U.S. jurisdictions.[61] BizFilings supports small businesses with formation documents, record-keeping kits, and state formality compliance, including tools like the Compliance Kit and Seal for ongoing documentation.[60] Additional corporate solutions include eOriginal for digital contract execution and Expere for invoice and payment compliance, aiding transaction management and audit readiness.[60] For financial compliance, the division offers specialized tools such as ComplianceOne for lending regulations and GainsKeeper for investment tax compliance, helping institutions navigate U.S. banking rules, anti-money laundering protocols, and securities reporting post the divestiture of its Finance, Risk, and Regulatory Reporting (FRR) unit.[60] In July 2025, Wolters Kluwer announced the sale of the FRR business—generating €123 million in 2024 revenue, or 10% of the division's total—to Regnology for an enterprise value of approximately €450 million, with closure anticipated in fall 2025; this shift enables greater emphasis on core U.S.-centric banking and corporate compliance services.[62] In October 2025, the division launched Compliance Intelligence, an AI-driven platform that integrates regulatory monitoring with obligation mapping, leveraging structured data and expert oversight to streamline applicability assessments for financial institutions managing change across jurisdictions.[63] Led by CEO Lisa Nelson, the unit continues to prioritize scalable, regulation-specific software amid increasing demands for automated risk mitigation in a fragmented regulatory environment.[60]Corporate Performance and ESG Division
Wolters Kluwer established the Corporate Performance & ESG (CP & ESG) division in March 2023 as its fifth market-facing division to address increasing demand for integrated solutions in financial performance management, environmental health and safety (EHS), governance, risk, and compliance (GRC), and environmental, social, and governance (ESG) reporting.[64] The division consolidates four global software businesses previously operating across other units: CCH Tagetik for corporate performance management (CPM), Enablon for EHS and operational risk management (ORM), TeamMate for audit and assurance, and OneSumX for financial risk and regulatory reporting (FRR).[65] This structure enables unified offerings that support clients in streamlining regulatory compliance, mitigating risks, and unifying financial, operational, and ESG data for decision-making.[66] The division employs approximately 2,300 staff and generates an estimated €600 million in annual revenue, positioning it as Wolters Kluwer's smallest yet fastest-growing segment amid rising regulatory pressures on ESG disclosures, such as those under the EU's Corporate Sustainability Reporting Directive (CSRD).[65] Key products include cloud-based platforms like CCH Tagetik for CPM, which handles budgeting, planning, consolidation, and reporting; Enablon for EHS incident management and sustainability tracking; TeamMate for internal audit workflows; and OneSumX for regulatory calculations in finance and risk.[66] These solutions target CFOs, risk managers, and compliance officers in sectors like banking, manufacturing, and energy, emphasizing AI integration for data automation and predictive analytics to enhance accuracy in mandatory reporting.[64] Leadership is headed by CEO Karen Abramson, who previously led the Tax & Accounting division, with specialized general managers overseeing sub-areas: Madhur Aggarwal for CPM, Richard Pulliam for EHS & ESG, and Frans Klaassen for audit, assurance, and corporate tax.[66] The division has received recognition for its CPM offerings, named a Leader in the 2025 Gartner Magic Quadrant for Financial Planning Software, reflecting strong execution in vision and completeness of capabilities as evaluated by the analyst firm.[67] In 2025, CP & ESG was also honored in the Globee Awards for achievements in ESG software innovation, underscoring its role in providing scalable tools for global compliance amid evolving standards.[68]Products, Services, and Innovations
Core Software Solutions
Wolters Kluwer's core software solutions encompass domain-specific platforms designed for professional workflows in healthcare, tax and accounting, financial compliance, legal services, and ESG management. These tools integrate AI, cloud technology, and data analytics to enhance efficiency, compliance, and decision-making.[3] The company's software portfolio emphasizes automation of complex processes, such as tax preparation, clinical decision support, and regulatory reporting, serving millions of users globally across its operating divisions.[69] In the Health division, key offerings include UpToDate, an evidence-based clinical decision support platform providing real-time medical information for diagnosis and treatment; Lippincott Solutions, which supports nursing education and patient safety through simulation and competency tools; and Sentri7, a medication management system for detecting drug interactions and optimizing therapy.[3] These solutions prioritize interoperability and clinical effectiveness for hospitals and clinicians.[3] The Tax & Accounting division features flagship products like CCH Axcess, a cloud-based suite for tax preparation, compliance, and audit workflows; ATX Tax Preparation Software, an on-premise tool for small to mid-sized firms handling individual and business returns; and CCH ProSystem fx, which streamlines engagement management and document assembly.[3] These platforms incorporate AI for error detection and process automation, supporting over 100,000 accounting professionals.[47] For Financial & Corporate Compliance, core software includes OneSumX, a regulatory reporting and financial consolidation tool; ComplianceOne, which automates loan origination and document generation; and CT Corporation solutions for entity management, UCC filings, and service of process.[3] These address risk mitigation and operational efficiency in banking and corporate sectors.[70] In Legal & Regulatory, prominent solutions are Legisway, a contract lifecycle management system; Kleos, practice management software for law firms; and TyMetrix 360°, an e-billing and matter management platform.[3] They facilitate risk assessment and productivity for legal teams handling litigation and compliance.[71] The Corporate Performance & ESG division offers Enablon, an integrated EHS, sustainability, and risk management suite; CCH Tagetik, for financial planning, consolidation, and ESG reporting; and TeamMate, an audit management application.[3] These tools enable real-time data tracking and regulatory alignment for corporate sustainability efforts.[72] Across divisions, Wolters Kluwer integrates generative AI features into core software, such as enhanced search and automation in UpToDate and CCH Axcess, as rolled out in 2024 to improve accuracy and user productivity.[73]Information and Publishing Services
Wolters Kluwer delivers information and publishing services via specialized platforms and imprints that provide expert content for professionals in health, tax and accounting, legal, and compliance fields. These services encompass peer-reviewed journals, textbooks, reference materials, newsletters, and digital resources aimed at facilitating clinical decision-making, regulatory compliance, financial analysis, and professional development. Content is distributed in print, eBook, and online formats, often integrated with subscription-based access models to ensure timely updates on evolving regulations and practices.[3][69] In the health sector, the company's Lippincott Williams & Wilkins (LWW) imprint publishes over 300 journals and thousands of medical, nursing, and scientific textbooks, focusing on evidence-based resources for clinicians, educators, and researchers. LWW supports open access models to enhance global visibility of research, including hybrid and gold open access options with streamlined peer-review workflows. Editorial supplements allow for targeted, rapid publication of sponsored content under rigorous editorial oversight.[58][74] For tax, accounting, and financial professionals, CCH Publications offers authoritative titles covering U.S. federal and state taxation, international accounting standards, estate planning, and corporate finance, with annual updates to reflect legislative changes such as the Tax Cuts and Jobs Act of 2017 amendments. These publications include loose-leaf binders, treatises, and digital editions accessible via online portals. In legal and regulatory areas, Wolters Kluwer maintains specialized newsletters and loose-leaf services tracking case law, statutes, and compliance requirements across jurisdictions.[75] Publishing operations emphasize domain-specific expertise, with content curated by practitioner-authors and subject-matter experts to prioritize practical utility over general readership. Digital enhancements, such as searchable databases and integrated analytics, distinguish these services from traditional print media, enabling users to cross-reference primary sources like statutes or clinical guidelines. Wolters Kluwer's heritage in European legal publishing since 1836 informs its approach, evolving from printed digests to hybrid platforms serving over 180 countries.[7][4]AI and Technology Integrations
Wolters Kluwer has developed Expert AI solutions that integrate artificial intelligence with domain-specific, expert-curated content to enhance decision-making in professional services across legal, tax, accounting, health, and compliance sectors.[20] These tools emphasize generative AI for tasks such as document summarization, workflow automation, and predictive analytics, while prioritizing data security and ethical guidelines outlined in the company's AI principles.[76] In tax and accounting, Wolters Kluwer integrates AI into the CCH Axcess platform, launching Expert AI capabilities in October 2025 to automate audit processes, including engagement setup, workpaper management, and trial balance integration via new APIs.[77] [78] Earlier enhancements in July 2025 added generative AI for document summarization in CCH AnswerConnect, alongside a dynamic tools directory for faster insight retrieval.[79] The platform also features AI-driven integrations for reporting, billing, and data management, as unveiled in October 2024 updates to the CCH Axcess cloud solution.[80] For legal and regulatory applications, VitalLaw AI combines primary legal sources with AI for research and analysis, while Praetor AI tools automate routine tasks in corporate legal workflows.[81] [82] In governance, risk, and compliance (GRC), AI integrations transform processes by embedding predictive modeling and automation into solutions like OneSumX, as highlighted in January 2025 developments.[83] In health divisions, AI powers clinical decision support and workflow optimization, with predictions in the December 2024 "25 for '25" report forecasting trends like AI for burnout prevention and smarter surveillance.[84] Financial tools such as CCH Tagetik incorporate AI for automating data tasks, generating reports, and supporting predictive planning.[85] Broader technology integrations include cloud-based platforms and API connectivity for seamless data flow across divisions, complemented by the May 2024 launch of a centralized AI center aggregating research and solutions.[86] These efforts align with annual reports like Future Ready Accountant (October 2025), which emphasize AI's role in adapting to evolving professional demands.[87]Financial Performance
Revenue, Growth, and Profitability
In 2024, Wolters Kluwer achieved annual revenues of €5,916 million, reflecting 6% organic growth from €5,584 million in 2023.[19] This performance continued a pattern of consistent 6% annual organic growth observed from 2021 through 2024, following a lower 2% rate in 2020 amid pandemic disruptions.[19] Recurring revenues, which comprised 84% of total revenues in recent periods, drove much of this expansion, supported by subscription-based software and content services across professional divisions.[88]| Year | Revenues (€ million) | Organic Growth (%) | Adjusted Operating Profit (€ million) | Adjusted Operating Profit Margin (%) |
|---|---|---|---|---|
| 2020 | 4,603 | +2 | 1,124 | 24.4 |
| 2021 | 4,771 | +6 | 1,205 | 25.3 |
| 2022 | 5,453 | +6 | 1,424 | 26.1 |
| 2023 | 5,584 | +6 | 1,476 | 26.4 |
| 2024 | 5,916 | +6 | 1,600 | 27.1 |
