Wolters Kluwer Strengths, Domain Expertise, and Key Differentiators
Wolters Kluwer offers enterprise applications for legal, tax, finance, and healthcare professionals. The Dutch-based media company has invested in cloud-based IT infrastructure as well as many products leveraging the Software-as-a-Service (SaaS) business models.
In October 2018, Wolters Kluwer Legal & Regulatory U.S. launched the Blockchain & Virtual Currencies Dashboard. Powered by Wolters Kluwer’s market-leading content, the solution will provide legal professionals with valuable sources and tools to track developments and regulations in this rapidly developing field. In the same period, Wolters Kluwer launched its newest solution, Vanceo Mortgage, an easy-to-use loan processing system that creates highly intelligent and compliant, end-to-end loan origination workflows. The solution is designed to assign role-based tasks and enhance visibility for an institution’s mortgage lending operations and compliance management.
In March 2018, Wolters Kluwer launched Kleos, a cloud-based legal practice management solution in India. Created by lawyers for lawyers, the solution enables smarter collaboration and transparency, helping law firms improve their efficiency, data security and focus on their customers. Kleos provides a complete virtual office for activities including case management, document management, email, tasks, and accounting, anytime and anywhere in a secure, cloud-based environment.
Wolters Kluwer Recent Developments
In November 2021, Wolters Kluwer Legal & Regulatory U.S. has launched of VitalLaw, a new and expanded version of the award-winning platform formerly known as Cheetah. VitalLaw features a new dashboard that includes comprehensive federal and state laws and regulations for all 50 states, including the dates when future laws and regulations will become effective. With this launch, Wolters Kluwer is expanding its primary source content by more than 40% to provide more comprehensive support for legal professionals to gain actionable insights and enable a streamlined workflow at the point of need.
In November 2021, Wolters Kluwer appoints Greg Samios as President & CEO of Clinical Effectiveness, Dr. Peter Bonis as Chief Medical Officer for the Health division. The appointments reflect Wolters Kluwer’s continued focus on advancing healthcare technology and growing expert solutions across the continuum of healthcare.
Wolters Kluwer Mergers and Acquisitions (M&A) Activities
In January 2020 Wolters Kluwer Legal & Regulatory acquired CGE Risk Management Solutions B.V. (CGE), a leading provider of risk management software, including the industry-standard BowTieXP solution. The acquisition will extend Wolters Kluwer’s presence in the growing operational risk management software market.
CGE Risk Management Solutions serves risk experts in over 2,500 leading corporations and public entities worldwide who operate in high-risk and asset-intensive industries, including oil & gas, energy, aviation, mining, transportation, utilities, chemicals, manufacturing, and healthcare. CGE’s best-known product is the industry-standard BowTieXP, a barrier-based risk management solution for visual and qualitative risk assessment that can be used to analyze and communicate how high-risk scenarios around specific hazards develop. This solution allows the creation of bowtie diagrams to visualize risks, provide an overview of multiple plausible incident scenarios, and show what barriers organizations have in place to control these scenarios.
CGE will become part of Wolters Kluwer’s Environmental, Health & Safety and Operational Risk Management (EHS/ORM) software group, which also includes Enablon and eVision. The combined offerings will enable customers to improve their EHS, ORM, and risk performance and to conduct more responsible, productive, and safe operations.
In October 2018, Wolters Kluwer acquired eVision Industry Software BV, a global provider of industrial operational risk management software. eVision is a global leader in industrial operational risk management software for the oil & gas, chemical, pharmaceutical, and other high-risk and high-precision industries. eVision will be aligned with the Enablon business unit, creating the largest software business within Wolters Kluwer’s Legal & Regulatory division.
In April 2017, Wolters Kluwer acquired 100% of the shares of Tagetik Software Srl, a leading provider of corporate performance management solutions, supporting the processes and workflow of the office of the CFO. Tagetik had annualized unaudited revenues of €79 million in 2017 and has approximately 490 employees.
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
Ownership: - WKL : AS EuroNext
Number of Employees: 19200
Functional Markets: Analytics and BI, CRM, EPM, ERP Financial, ERP Services and Operations Management, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K63, 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 | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
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 | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 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
Among Wolters Kluwer customers are 90% of U.S. academic medical centers, 93% of Fortune 500 companies, 88%of Fortune 1000 companies, 100% of the top 100 U.S. accounting firms and 90% of the world’s top banks.
Recent customer wins are Bendigo and Adelaide Bank (Chooses Wolters Kluwer’s Finance, Risk & Reporting Business), Allegiance Bank (Wolters Kluwer’s CRA Wiz and Fair Lending Wiz Solutions), Bahrain Middle East Bank (Wolters Kluwer’s OneSumX for Finance), China Merchants Bank (Wolters Kluwer’s OneSumX for Regulatory Reporting), Oconee Federal Savings and Loan (Wolters Kluwer’s ComplianceOne Solution), CohnReznick (Integrated Audit Approach), Land Bank of Taiwan (OneSumX for Regulatory Reporting), Bank of Beirut (Kluwer’s IFRS 9 Solution), bpost bank (OneSumX Regulatory Reporting) and many others.
Wolters Kluwer Market Opportunities, M&A and Geo Expansions
In November 2021, Wolters Kluwer introduces CCH Axcess Workflow to help tax & accounting firms be more efficient, meet growth targets, and better adapt to business environment changes. Expert cloud-based workflow automation solution combines key features of the XCMworkflow and CCH Axcess Workstream, enabling firm management to optimize workflows for improved efficiency, increased accountability, and enhanced client service.
In October 2021, Wolters Kluwer Governance, Risk & Compliance (GRC) has acquired LicenseLogix LLC, a provider of U.S. business licensing services. The acquisition is expected to deliver a return on invested capital (ROIC) above Wolters Kluwer’s after-tax weighted average cost of capital (8%) within three to five years from completion. The transaction is expected to have an immaterial impact on Wolters Kluwer's adjusted earnings in the first full year.
In May 2019 Wolters Kluwer’s ELM Solutions has extended its best-in-class portfolio of products and services that help corporate legal and claims departments control costs while increasing revenues and improving productivity by acquiring CLM Matrix, a leading provider of contract lifecycle management (CLM) software. Wolters Kluwer disclosed the acquisition in the First-Quarter 2019 Trading Update. This acquisition enables Wolters Kluwer to offer a more comprehensive suite of technology solutions to address the growing need of corporate legal operations departments to increase responsibility for, and oversight of, the contracting process.
In March 2018, Wolters Kluwer acquired Firecracker, an adaptive learning, assessment, and study-planning solution used by more than 20 percent of U.S.medical students. Firecracker became part of the Health Learning, Research & Practice group, which produces high-quality medical education and practice content under the Lippincott imprint.
Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer Financial Services for a comprehensive and dynamic view of risk management and compliance.
Wolters Kluwer Financial Services provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise.
Wolters Kluwer Risks and Challenges
Wolters Kluwer faces headwind with its tax and accounting division because of declining revenues from print and traditional media.
In February 2021, Wolters Kluwer agreed to combine certain Prosoft assets in Brazil with those of a competitor in exchange for a minority interest in the combined entity. The transaction is subject to customary closing conditions. In 2020, Prosoft generated revenues of €10 million and had 210 employees. On completion, they have recognized an unrealized foreign exchange loss of approximately €27 million (non-cash) related to the devaluation of the Brazilian real against the euro.
Margins are expected to contract in 2019 due to restructuring costs associated with its migration to new media such as Cloud services.
Wolters Kluwer Ecosystem, Partners, Resellers and SI
Among Wolters Kluwer partners are: A&M Financial Consulting, Advent, Affecto, AFSA, AMP Financial Advisory Services (AMPFAS), Ares International Corporation, Associated Software Consultants, Inc., AuditNet LLC and Avaloq.
Wolters Kluwer Cloud Infrastructure Insights
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- Wolters Kluwer Public Cloud and Infrastructure (IaaS)
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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).
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