WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer Compliance Solutions emphasizes the transformative impact of digital lending on financial services in a recent interview. Steve Meirink, Executive VP, notes that a digital platform enhances efficiency and profitability while improving customer experience. The demand for contactless transactions surged during the pandemic, driving adoption of solutions like eClosings and remote online notarization. Wolters Kluwer's ongoing commitment to digital transformation positions it favorably amidst evolving market expectations and technological advancements.

Wolters Kluwer Compliance Solutions, in partnership with NYDIG, has introduced the Bitcoin Risk Assessment for financial institutions aiming to offer Bitcoin services. This tool assesses a financial institution's control environment concerning the NYDIG Bitcoin platform, ensuring compliance with federal regulatory standards. A 2021 NYDIG survey revealed that 71% of Bitcoin holders would switch banks for Bitcoin services. The collaboration aims to empower institutions with the insights needed for safe Bitcoin product offerings.

Wolters Kluwer Tax & Accounting has launched its Whole Ball of Tax (WBOT) resources for the 2022 tax filing season. The platform provides curated insights and tools for tax professionals, covering key legislative changes such as the Child Tax Credit and IRS guidance on cryptocurrencies. The Tax Season Tools & Resources hub also offers expert analysis to assist in navigating tax-related challenges. In 2021, Wolters Kluwer reported annual revenues of €4.8 billion, serving clients in over 180 countries. Its shares are traded on the OTC market in the U.S. (WTKWY).

Wolters Kluwer's Governance, Risk & Compliance (GRC) division has announced the acquisition of International Document Services, Inc. (IDS) for approximately $70 million in cash. This strategic move enhances GRC's standing in the mortgage compliance sector, expected to contribute $15 million in revenues for 2022, driven by transaction-based pricing. The acquisition aligns with ongoing digital adoption trends and aims for a return on investment exceeding 8% within 3 to 5 years. Completion is anticipated in Q2 2022, pending customary closing conditions.

Wolters Kluwer has announced plans to acquire International Document Services, Inc. (IDS) for approximately $70 million in cash. This acquisition strengthens Wolters Kluwer's Governance, Risk & Compliance (GRC) business, enhancing its digital loan compliance and document generation capabilities. IDS serves over 450 clients and is expected to generate approximately $15 million in revenues in 2022. The deal is projected to deliver a return on invested capital above 8% within 3 to 5 years and will have a positive impact on adjusted earnings in the first full year.

Wolters Kluwer has released its 2021 Annual Report and Environmental, Social, and Governance Data Overview. This report includes the financial statements proposed for adoption at the Annual General Meeting on April 21, 2022. The agenda features a proposal for a total dividend of €1.57 per ordinary share, including a final dividend of €1.03. Additional proposals include appointing a new Supervisory Board member and re-appointing the auditor. The report highlights key 2021 achievements and outlines a new strategic initiative, Elevate our Value, focusing on cloud-based solutions.

Wolters Kluwer, Health announced a successful integration of its POC Advisor sepsis monitoring solution at Tift Regional Medical Center in Georgia. This integration into the Cerner EHR system is designed to enhance early sepsis detection, improve patient care, and minimize clinician alert fatigue. Marie Roof, Chief Information Officer at Tift, highlighted the need for timely communication of patient status changes for better compliance with sepsis care protocols. The POC Advisor promises to deliver reliable alerts, ensuring consistent evidence-based care throughout the hospital.