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Wolters Kluwer (WTKWY) is a global leader in digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals. With offerings like the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution, Wolters Kluwer helps multinational companies manage U.S. tax filing obligations efficiently. The company serves customers in over 180 countries and reported 2022 annual revenues of €5.5 billion.
Wolters Kluwer has successfully acquired Della AI, a firm specializing in advanced AI technology for legal professionals. This acquisition aims to enhance Wolters Kluwer's offerings in the corporate legal sector by integrating Della AI's natural language processing capabilities into its existing software solutions, such as Legisway and Kleos. The investment, expected to yield a return exceeding 8% within 3-5 years, will have a negligible impact on adjusted earnings. Founded in 2018, Della AI is based in London and Paris and employs 16 professionals.
Wolters Kluwer Legal & Regulatory U.S. announced that ftwilliam.com received two awards at the Best in Biz Awards 2022, winning silver for Most Customer Friendly Company and bronze for Support Department/Team of the Year. ftwilliam.com, a cloud-based employee benefits software, serves major retirement firms and accounting firms in the U.S. The company, recognized for its exceptional customer support and high NPS, continues to expand its offerings, attracting over 700 retirement service providers in the last five years.
Wolters Kluwer is enhancing its cloud-based solutions to support CPAs in meeting their continuing professional education (CPE) requirements. As the year-end approaches, many CPAs rush to complete their credits, with CCH® CPELink providing on-demand access to a variety of online courses. Notably, Wolters Kluwer plans to introduce over 500 new courses in 2023, driven by strong demand for online learning tools. An internal survey reveals that 94% of accounting firms expect to maintain or increase their use of online learning, underscoring the growing need for effective CPE resources.
Wolters Kluwer has appointed Carlos Rivero as Senior Vice President, Global Talent Management. Based in New York, Rivero will oversee talent management, including Talent Acquisition, Development, DEIB, and Talent Analytics. He brings extensive experience from his previous roles, including Chief Talent Officer at Marsh & McLennan. Wolters Kluwer aims to enhance talent management strategies to foster employee growth and engagement.
The company reported annual revenues of €4.8 billion in 2021 and operates in over 180 countries.
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