Wolters Kluwer acquires Level Programs
Wolters Kluwer has successfully completed the acquisition of Level Programs, a Spanish provider of legal practice management software. This move integrates Level Programs into Wolters Kluwer's Legal Software business in Europe, with the aim of enhancing legal solutions for law firms. Kmaleon, Level's main product, offers efficient case management and billing services. The acquisition is anticipated to have immaterial impact on earnings but aims for a return on invested capital above 8% within three to five years, solidifying Wolters Kluwer's position in Spain's legal software market.
- Acquisition strengthens Wolters Kluwer's position in the Spanish legal software market.
- Integration of Level Programs is expected to enhance service offerings and customer satisfaction.
- Projected return on invested capital (ROIC) above 8% within three to five years supports long-term growth.
- None.
Wolters Kluwer acquires Level Programs
Alphen aan den Rijn, June 28, 2022 — Wolters Kluwer Legal & Regulatory today announced it has signed and completed an agreement to acquire Level Programs S.L., a provider of legal practice management software in Spain.
Level Programs will become part of Legal & Regulatory’s Legal Software business in Europe, which includes Kleos software for law firms and Legisway software for corporate legal departments. Level Program’s principal product is Kmaleon, which is a platform used by mid-sized law firms in Spain to efficiently manage their cases and documents, billing, accounting, and time control.
Giulietta Lemmi, CEO Legal & Regulatory Legal Software at Wolters Kluwer, commented: “We are committed to supporting our customers’ performance with the best-in-class legal practice management solutions that cover all core functions and meet the requirements of modern law firms with digital end-to-end processes. Bringing together the expertise and know-how of Level Programs and our own teams in Spain will enhance the level of services that we provide to our Spanish clients. With this acquisition, Wolters Kluwer gains a leading position in the Legal Software market in Spain.”
Justo López Fabo, CEO of Level Programs, said: “Wolters Kluwer is a good fit for the next phase of Kmaleon, a solution that enjoys high customer satisfaction rates.”
Level programs, founded in 1988, is headquartered in Terrassa, Spain and employs 26 professionals. The acquisition will have an immaterial impact on Wolters Kluwer’s earnings and is expected to deliver a return on invested capital (ROIC) above Wolters Kluwer’s after-tax cost of capital (
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
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