Wolters Kluwer completes acquisition of IDS
Wolters Kluwer has finalized its acquisition of International Document Services (IDS) for approximately $70 million in cash, as announced on April 8, 2022. This strategic acquisition aims to enhance Wolters Kluwer's offerings in compliance and document generation software for the mortgage and real estate industries. The deal follows a previous announcement on March 9, 2022, where the agreement with The Reynolds and Reynolds Company was initially disclosed. Wolters Kluwer reported annual revenues of €4.8 billion in 2021 and continues to expand its market presence.
- Acquisition of IDS enhances Wolters Kluwer's compliance and document generation offerings.
- The deal is valued at approximately $70 million, indicating a significant investment in growth.
- Expanding services in the mortgage and real estate sectors can lead to potential revenue growth.
- None.
Wolters Kluwer completes acquisition of IDS
April 8, 2022 — Wolters Kluwer Governance, Risk & Compliance (GRC) today announces that it has completed the acquisition of IDS.
On March 9, 2022, Wolters Kluwer GRC announced that it signed an agreement with The Reynolds and Reynolds Company to acquire International Document Services, Inc. (IDS), a leading U.S. provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately
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About Wolters Kluwer
Wolters Kluwer (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.
Wolters Kluwer reported 2021 annual revenues of
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