Wolters Kluwer acquires LicenseLogix | Business thread
NEW YORK–(COMMERCIAL THREAD) –Wolters Kluwer Governance, Risk & Compliance (GRC) acquired LicenseLogix LLC, a provider of commercial licensing services in the United States.
LicenseLogix is a leading provider of comprehensive commercial licensing services, including research, filing and ongoing compliance management. The company has been a strategic partner of CT Corporation of GRC for more than five years and today serves more than 800 corporate clients of all sizes and in all industries. CT Company is a leading US provider of registered agent, incorporation and legal entity compliance services. LicenseLogix services are highly complementary to those of CT Corporation and will be an integral part of CT’s end-to-end legal entity compliance and managed service offerings.
LicenseLogix, based in White Plains, New York, was founded in 2011 by lawyers, technology professionals and legal services industry veterans with the goal of transforming and streamlining the licensing process for businesses. Although the service is billed on a transactional basis, commercial licenses tend to require regular renewal. The acquisition is expected to generate a return on invested capital (ROIC) above Wolters Kluwer’s after-tax weighted average cost of capital (8%) within three to five years of completion. The transaction is expected to have a negligible impact on Wolters Kluwer’s adjusted earnings in the first full year.
“This is an exciting and strategic acquisition for us. As demand for commercial licensing services increases, the acquisition of LicenseLogix strengthens our leadership position in this market, ”said Jean Weber, President and CEO of Wolters Kluwer CT Corporation. “In addition to the strategic fit, we have worked with LicenseLogix for several years and have the utmost respect for David Yount and the entire LicenseLogix team.”
David Yount, CEO of LicenseLogix, commented, “Wolters Kluwer has a long and remarkable history of excellence and innovation when it comes to providing registered agent and incorporation services. The combination with LicenseLogix now adds a new level of licensing capabilities, further strengthening CT Corporation’s US legal entity compliance offering at a time when these services are vital to all industries.
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions and services for healthcare; taxation and accounting; governance, risks and compliance; and the legal and regulatory sectors. We help our clients make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer achieved 2020 annual sales of 4.6 billion euros. The group serves customers in more than 180 countries, maintains operations in more than 40 countries and employs approximately 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are part of the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored level 1 American Depositary Receipt (ADR) program. ADRs are traded on the over-the-counter market in the United States (WTKWY).
Forward-looking statements and other important legal information
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