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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, Health has launched the Best Care Everywhere initiative aimed at enhancing global health equity. The program focuses on four tenets: using trusted evidence, improving care accessibility, ensuring fair health opportunities, and customizing care to individual needs. CEO Stacey Caywood highlighted the importance of innovative thinking and digital solutions in advancing healthcare equity. Wolters Kluwer is committed to reducing inequities in healthcare settings through technology donations and education reform.
Wolters Kluwer Compliance Solutions has partnered with the American Property Casualty Insurance Association (APCIA) to provide member companies direct access to APCIA Bulletins via XML technology. This collaboration aims to enhance compliance capabilities for insurance companies, enabling timely incorporation of regulatory updates into their existing platforms. Wolters Kluwer has obtained exclusive rights to commercialize these bulletins, ensuring efficient delivery of regulatory content. The NILS™ Feed Plus solution will help insurers manage regulatory changes effectively, promoting better business outcomes.
Wolters Kluwer CT Corporation has received multiple awards for its UCC Hub solution, highlighting its innovation in legal technology. The New World Report recognized UCC Hub as the Legal Technology Innovation of the Year, while Corporate Vision named it Legal Technology Launch of the Year. This solution enhances compliance and workflow efficiency for clients by automating due diligence and UCC filing processes. With a client base that includes a significant portion of Fortune 500 companies and AmLaw 100 firms, CT Corporation reinforces its position as a leader in the compliance sector.
Wolters Kluwer Tax & Accounting has announced its annual CCH Connections User Conference scheduled for October 27-29, 2021 in Austin, Texas. The conference will feature notable speakers including IRS Commissioner Charles Rettig and Netflix cofounder Marc Randolph, focusing on innovative strategies in the tax and accounting sector. Attendees can earn up to 26 CPE credits and participate in technology demonstrations. This event emphasizes leveraging technology and business insights to enhance productivity and client services.
Wolters Kluwer Compliance Solutions’ Executive Vice President, Steven Meirink, has been awarded CEO Monthly’s Executive of the Year in Financial Technology. This honor acknowledges his leadership during the COVID-19 pandemic and the acquisition of eOriginal, enhancing their digital lending services. The €231 million acquisition positions Wolters Kluwer as a leader in U.S. mortgage and loan management. Notably, their software supported nearly 500 lenders in the Paycheck Protection Program, preserving over 10 million jobs.
Wolters Kluwer has signed a binding agreement to divest its U.S. legal education business to Transom Capital Group for $88 million in cash. This unit, which generated $33 million in revenue in 2020, specializes in textbooks and digital educational solutions for law students. Proceeds from the sale will be utilized for share repurchases to counter adjusted EPS dilution. The transaction, expected to yield a one-time capital gain, is subject to customary closing conditions and will take several months to finalize.
Wolters Kluwer Compliance Solutions has achieved notable success at the 2021 International Business Awards, securing nine awards including a Gold-level accolade for OneSumX® for Compliance Program Management. The awards highlight product innovation and customer service excellence, with numerous distinctions across various categories, such as Best Artificial Intelligence/Machine Learning Solution and Best FinTech Solution. The accolades reflect the company's commitment to addressing customer pain points in compliance and risk management, enhancing overall service delivery.
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