WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer has announced an extension of its strategic alliance with EY, now including EY Canada. This collaboration will implement the CCH Tagetik Corporate Performance Management (CPM) solution to help clients streamline financial processes and regulatory compliance.

The CCH Tagetik solution enhances financial transformations by providing integrated planning services. It aims to improve productivity and reduce financial close times. EY Canada expects further market expansion for CCH Tagetik technology throughout 2023.

Wolters Kluwer reported €4.6 billion in 2020 revenues and is committed to enhancing global business efficiency.

Wolters Kluwer has partnered with Body Interact to enhance clinical training for medical and physician assistant students through realistic virtual patient simulations. This collaboration aims to improve clinical reasoning skills in a safe environment, allowing students to practice assessments, order tests, and make diagnoses.

Utilizing the Bates' Guide to Physical Examination, the partnership offers evidence-based learning tools that prepare students for real-world interactions. The innovative approach incorporates hundreds of clinical scenarios in multiple languages, benefiting over 220,000 users globally.

Wolters Kluwer announced the appointment of Garrett Hale as Executive Vice President, Global Operations for its Tax & Accounting division, based in Atlanta. Hale, previously Senior Vice President of Operations at Assurant, brings extensive experience aimed at enhancing business operations and customer service. CEO Karen Abramson expressed confidence that Hale’s leadership will drive transformational growth and operational excellence. Wolters Kluwer reported 2021 revenues of €4.8 billion and serves customers in over 180 countries, with shares listed on Euronext Amsterdam (WKL) and traded in the U.S. as WTKWY.

Wolters Kluwer ELM Solutions is recognized with a bronze award for 'Company of the Year' at the 2022 Best in Biz Awards North America. This accolade highlights the successful launch of its TyMetrix360° Office Companion, enabling users to manage legal matters through Microsoft Office applications. Notably, the company’s LegalVIEW database surpasses $155 billion in legal invoice data, enhancing its AI-driven solutions like LegalVIEW BillAnalyzer. Additionally, the LegalVIEW Insights program earned a bronze award for 'Marketing Campaign of the Year,' emphasizing the firm’s commitment to innovative technologies aimed at improving client outcomes.

Wolters Kluwer CT Corporation has been honored as the “Most Resilient Company of the Year” at the 2022 Best in Biz Awards North America, acknowledging its exceptional customer service and proactive measures during the pandemic. The UCC Hub service also received a bronze award for “Enterprise Service of the Year,” showcasing its automation capabilities that reduce legal task time by 40-60%. This recognition highlights CT Corporation's commitment to adapting its Entity Managed Services and incorporation processes to meet evolving business needs.

Wolters Kluwer has acquired NurseTim, a US-based provider of nursing education solutions, enhancing its health education offerings. The acquisition was finalized on January 9, 2023, and positions NurseTim under Wolters Kluwer’s Health Learning, Research & Practice (HLRP) division. NurseTim is known for its innovative test preparation tools for nursing licensure exams and hands-on faculty training. This move is expected to create a comprehensive suite of solutions, driving value for customers. The deal is projected to achieve a return on invested capital above 8% within 3-5 years with a minimal impact on adjusted earnings.

Wolters Kluwer Legal & Regulatory U.S. announced that Kluwer Arbitration received two awards at the 2022 Best in Biz Awards: silver for Most Innovative Product Feature and bronze for Best New Product Feature. Kluwer Arbitration enhances the research experience for legal professionals in arbitration, with over 16,500 profiles and new features to assess potential conflicts of interest. CEO David Bartolone emphasized the company's commitment to evolving its offerings based on customer needs.