Wolters Kluwer Strengths, Domain Expertise, and Key Differentiators
Wolters Kluwer's key strengths lie in its domain expertise, extensive product portfolio, and advanced AI/ML capabilities embedded across its solutions. The company's offerings leverage AI and ML algorithms to provide predictive analytics, personalized recommendations, and automated workflows, empowering users to make data-driven decisions and streamline operations efficiently. By harnessing these technologies, Wolters Kluwer differentiates itself in the market, delivering unparalleled value to its customers.
Wolters Kluwer Recent Developments
In September 2023, Wolters Kluwer launched TeamMate Document Linker. This cutting-edge product, tailored specifically for accounting firms, represents a significant enhancement in audit efficiency and quality. By automating the process of linking samples to supporting evidence, TeamMate Document Linker streamlines audits, saving valuable time for auditors while ensuring meticulous validation of supporting documentation.
Leveraging advanced optical character recognition (OCR) technology, this solution transcends traditional barriers by extracting text from scanned documents, even those with challenging formats like crumpled papers or photographs.
This product underscores Wolters Kluwer's prowess in harnessing technology to address critical needs within the accounting profession, ultimately empowering firms to elevate audit standards and deliver exceptional client service in today's fast-paced business landscape.
Wolters Kluwer Legal & Regulatory U.S. made headlines in November 2021 with the launch of VitalLaw, an enhanced version of its platform formerly known as Cheetah. With a comprehensive dashboard covering federal and state laws for all 50 states, VitalLaw signifies
Wolters Kluwer's commitment to providing actionable insights and streamlining workflows for legal professionals. This move has contributed to the company's robust revenue growth, underpinned by its focus on innovation and customer-centric solutions.
Wolters Kluwer reinforced its leadership in healthcare technology by appointing Greg Samios as President & CEO of Clinical Effectiveness and Dr. Peter Bonis as Chief Medical Officer for the Health division. These strategic appointments underscore Wolters Kluwer's dedication to advancing healthcare technology and expanding expert solutions across the healthcare continuum.
Wolters Kluwer Mergers and Acquisitions (M&A) Activities
In December 2023, Wolters Kluwer acquired Della AI Ltd., an artificial intelligence (AI) technology provider specializing in advanced natural language processing (NLP). This acquisition underscores Wolters Kluwer's commitment to harnessing cutting-edge technologies to empower legal professionals and streamline contract review processes.
Wolters Kluwer's acquisition of Della AI represents a strategic alignment with the evolving needs of the legal sector. As the legal landscape becomes increasingly complex and globalized, there is a growing demand for AI-driven solutions that can mitigate risks, improve compliance, and streamline workflow processes.
In January 2023, Wolters Kluwer Health's recent acquisition of NurseTim, a reputable provider of nursing education solutions based in the United States, marks a strategic move to strengthen its presence in the healthcare education sector.
This acquisition underscores Wolters Kluwer's commitment to delivering comprehensive and innovative solutions that address the evolving needs of healthcare professionals, particularly nurses.
This acquisition not only expands Wolters Kluwer's market reach but also positions the company as a leading provider of healthcare education solutions, leveraging technology to empower the next generation of nursing professionals.
Wolters Kluwer Legal & Regulatory made a significant move by acquiring CGE Risk Management Solutions B.V. (CGE), a prominent provider of risk management software.
This strategic acquisition, along with previous investments in companies like eVision Industry Software BV and Tagetik Software Srl, strengthens Wolters Kluwer's presence in operational risk management and corporate performance management solutions. These synergies enable Wolters Kluwer to offer a comprehensive suite of products catering to diverse industries and regulatory environments.
Wolters Kluwer Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Wolters Kluwer applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Wolters Kluwer and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified UpToDate, Emmi, TeamMate, CCH Axcess, CT Corporation, OneSumX, Enablon, Sentri7, CCH Tagetik, eOriginal, Kleos and eVision. customers.
Wolters Kluwer Overview
Zuidpoolsingel 2
Alphen aan den Rijn, x, 2400 BA, Netherlands
31 172 641 400
https://www.wolterskluwer.com/
Ownership: - WKL : AS EuroNext
Number of Employees: 21400
Functional Markets: Analytics and BI, CRM, EPM, ERP Financial, ERP Services and Operations, HCM, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Wolters Kluwer Key Enterprise and Cloud Applications
UpToDate, Emmi, TeamMate, CCH Axcess, CT Corporation, OneSumX, Enablon, Sentri7, CCH Tagetik, eOriginal, Kleos and eVision.
Wolters Kluwer Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Wolters Kluwer Revenue Breakdown By Type, $M:
Wolters Kluwer Enterprise Applications Revenues By Functional Markets, $M:
Wolters Kluwer Enterprise Applications Revenues By Verticals, $M:
Wolters Kluwer Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Wolters Kluwer Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Wolters Kluwer Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Wolters Kluwer Customers
No. of Wolters Kluwer Customers: x
No. of Wolters Kluwer Enterprise Applications Customers: x
No. of Wolters Kluwer Cloud Customers: x
No. of Wolters Kluwer Cloud Subscribers: x
Wolters Kluwer boasts an impressive customer base, including 90% of U.S. academic medical centers, 93% of Fortune 500 companies, and 90% of the world's top banks. Recent customer wins across various industries, such as finance, healthcare, and banking, underscore Wolters Kluwer's global reach and the trust placed in its solutions. With a strong presence in key regions and industries, Wolters Kluwer continues to expand its market penetration and drive customer success.
Wolters Kluwer Market Opportunities, M&A and Geo Expansions
In October 2023, Wolters Kluwer acquired MFAS marking a strategic move to bolster its portfolio of tax content solutions and productivity tools within the Benelux region.
As Wolters Kluwer Legal & Regulatory (LR) expands its footprint in the Netherlands, integrating MFAS into its operations underscores the company's commitment to providing comprehensive and tailored information solutions for legal and tax professionals.
By integrating MFAS's expertise and technology into Wolters Kluwer LR Benelux, the company aims to provide even greater value to its customer base, facilitating more efficient and effective workflows for legal and tax professionals.
Wolters Kluwer is well-positioned to capitalize on market opportunities driven by the adoption of cloud, IoT, AI, and ML technologies. The company's investments in cloud-based IT infrastructure and SaaS models enable it to offer scalable, agile solutions that meet the evolving needs of modern enterprises.
By embracing emerging technologies and expanding into new regions, Wolters Kluwer unlocks new growth avenues and strengthens its position as a market leader in legal, tax, finance, and healthcare domains.
Wolters Kluwer Risks and Challenges
Despite its strong market position, Wolters Kluwer faces challenges such as declining revenues in traditional media formats and margin contraction associated with restructuring costs.
External factors such as regulatory changes and competitive pressures pose risks to the company's growth trajectory. To mitigate these challenges, Wolters Kluwer must continue to innovate, adapt to market dynamics, and enhance its go-to-market strategies to drive sustainable growth.
Wolters Kluwer Ecosystem, Partners, Resellers and SI
Wolters Kluwer's ecosystem comprises a diverse network of technology integrators, system integrators, and value-added resellers. Collaborations with partners such as A&M Financial Consulting, Advent, and Ares International Corporation enable Wolters Kluwer to deliver integrated solutions and expand its market reach.
By fostering strong partnerships and leveraging synergies within its ecosystem, Wolters Kluwer strengthens its competitive advantage and drives value for its customers.
Wolters Kluwer Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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