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In 1996, Wolters Kluwer purchased [[CCH (company)|CCH Inc.]], a tax and business materials publisher, for $1.9 billion.<ref name=ulib/> The purchase assisted in expanding the company’s business in Asia because of CCH Inc.’s involvement in Australia, New Zealand, Japan, Singapore, and Hong Kong.<ref name=fundinguniverse/> It also purchased [[Little, Brown and Company|Little, Brown and Company’s]] medical and legal division that year.<ref name=ulib/> Waverly, Inc., Ovid Technologies, Inc. and Plenum Publishing Corporation were acquired in 1998 with the intention of developing Wolters Kluwer’s medical and scientific publishing industry.<ref name=fundinguniverse/>
In 1996, Wolters Kluwer purchased [[CCH (company)|CCH Inc.]], a tax and business materials publisher, for $1.9 billion.<ref name=ulib/> The purchase assisted in expanding the company’s business in Asia because of CCH Inc.’s involvement in Australia, New Zealand, Japan, Singapore, and Hong Kong.<ref name=fundinguniverse/> It also purchased [[Little, Brown and Company|Little, Brown and Company’s]] medical and legal division that year.<ref name=ulib/> Waverly, Inc., Ovid Technologies, Inc. and Plenum Publishing Corporation were acquired in 1998 with the intention of developing Wolters Kluwer’s medical and scientific publishing industry.<ref name=fundinguniverse/>

==Divisions==
===Legal & Regulatory===
Wolters Kluwer Legal & Regulatory provides customers around the world with expert content, solutions, software, and services in the areas of law, business, and regulatory compliance.

===Tax & Accounting===
Wolters Kluwer Tax & Accounting is a large provider of tax, accounting, and audit information, and services.<ref>[http://www.wolterskluwer.com/About-Us/Divisions/Pages/taxaccounting.aspx wolterskluwer.com]</ref>

===Health===
Wolters Kluwer Health (Philadelphia, PA) is a global provider of information, business intelligence and point-of-care solutions for the healthcare industry. Serving more than 150 countries and territories worldwide, Wolters Kluwer Health’s customers include professionals, institutions and students in medicine, nursing, allied health and pharmacy. Major brands include [[Lippincott Williams & Wilkins]], [[Medknow Publications|Medknow]] ,Ovid, [[UpToDate]], Medi-Span, Facts & Comparisons, Pharmacy OneSource, [[Lexicomp]] and ProVation Medical.<ref>[http://www.wolterskluwer.com/About-Us/Divisions/Pages/Health.aspx wolterskluwer.com]</ref>

===Financial & compliance services===
Wolters Kluwer Financial & Compliance Services provides financial services, software tools, and workflow solutions to financial organizations and risk professionals across a wide variety of industries such as financial services, insurance, life sciences, healthcare, manufacturing, transportation, energy and government.<ref>[http://www.wolterskluwer.com/About-Us/Divisions/Pages/fcs.aspx wolterskluwer.com]</ref> It has audit, risk, and compliance products. Its brands include ''ARC'' Logics, AppOne, ARTA Lending, ComplianceOne, GainsKeeper, NILS INsource, PCi, FRSGlobal and acquired FinArch on 16 July 2012.
<ref>{{cite web|url=http://www.finarch.com/news-234.htm |title=Wolters Kluwer Financial Services &#124; FinArch News & Events |publisher=Finarch.com |date=2012-07-16 |accessdate=2012-11-23}}</ref>
<ref>{{cite web|url=http://support.wolterskluwerfs.com/Product_News/product_news.asp |title=Wolters Kluwer Product News |publisher=WolterKluwer.com |accessdate=2013-09-11}}</ref>


==Community work==
==Community work==

Revision as of 01:39, 17 April 2015

Wolters Kluwer N.V.
Company typeNaamloze vennootschap
Euronext: WKL
ISINNL0000395903
NL0006177032
US9778742059 Edit this on Wikidata
IndustryPublishing, information services
Founded1836
HeadquartersAlphen aan den Rijn, Netherlands
Key people
Nancy McKinstry (CEO)
ProductsHealth, corporate services, finance, tax, accounting, law and regulatory software, services, workflow tools and publications
Revenue€3.354 billion (2011)[1]
Number of employees
18,450 (FTE, 2011)[1]
Websitewww.wolterskluwer.com

Wolters Kluwer N.V. is a global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors.[2] Wolters Kluwer has annual revenues (2011) of €3.4 billion, employs approximately 18,000 people worldwide and maintains operations across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, Netherlands. Its shares are quoted on the Euronext Amsterdam and are included in the AEX index and Euronext 100 index. The CEO and Chairman of the Executive Board is Nancy McKinstry.[3]

Wolters Kluwer formed under its present name in 1987 when Kluwer Publishers merged with Wolters Samson as a defensive move (white-knight move) against an attempted hostile takeover of Kluwer Publishers by Elsevier.[4] In 2003 Wolters Kluwer sold Kluwer Academic Publishers to two private equity funds who shortly after merged with BertelsmannSpringer to form Springer Science+Business Media.[5] Wolters Kluwer Education, was sold to Bridgepoint Capital for 700 million euros in March 2007, who renamed it Infinitas Learning.

History

Jan-Berend Wolters founded the Schoolbook publishing house in Groningen, Netherlands in 1836. [6] In 1858, the Noordhoff publishing house was founded alongside the Schoolbook publishing house.[6] The two publishing houses merged in 1968. Wolters-Noordhoff merged with Information and Communications Union (ICU) in 1972 and took the name ICU. ICU changed its name to Wolters-Samson in 1983. The company began serving foreign law firms and multinational companies in China in 1985.[7] In 1987, Elsevier, the largest publishing house in the Netherlands, announced its intentions to buy up Kluwer’s stock.[6] Kluwer merged with Wolters-Samson to fend off Elsevier’s take-over bid and formed Wolters Kluwer.[8] The merger made Wolters Kluwer the second largest publishing house in the Netherlands. [6][8]

After the merger, Wolters Kluwer began expanding internationally with the purchase of IPSOA Editore, Kieser Verlag, Technipublicaciones and Tele Consulte in 1989. [9] By the end of the year, Wolters Kluwer expanded its presence to Spain, West Germany and France.[6] The company also launched LEX, its legal information system, in Poland.[10] In 1989, 44% of the company’s revenue was earned in foreign markets.[6] The following year, Wolters Kluwer purchased J.B. Lippincott and Company from HarperCollins.[9] The company acquired Liber, a Swedish publishing company, in 1993.[6] The following year it established its first Eastern European subsidiary, IURA Edition, in Bratislava, Slovakia. The company acquired Jugend & Volk, Dalian, Fateco Fîrlag and Juristfîrlaget, Deutscher Kommunal-Verlag Dr. Naujoks & Behrendt and Colex Data in 1995. Wolters Kluwer was operating in 16 countries and had approximately 8000 employees by the end of that year.[6]

In 1996, Wolters Kluwer purchased CCH Inc., a tax and business materials publisher, for $1.9 billion.[9] The purchase assisted in expanding the company’s business in Asia because of CCH Inc.’s involvement in Australia, New Zealand, Japan, Singapore, and Hong Kong.[6] It also purchased Little, Brown and Company’s medical and legal division that year.[9] Waverly, Inc., Ovid Technologies, Inc. and Plenum Publishing Corporation were acquired in 1998 with the intention of developing Wolters Kluwer’s medical and scientific publishing industry.[6]

Community work

The company is active in community work at both a corporate and local level. At a corporate level, Wolters Kluwer supports the War Trauma Foundation by publishing the International Journal of Mental Health, Psychosocial Work and Counseling in Areas of Armed Conflict,[11] helping to spread information to fieldworkers on psychosocial recovery of people in conflict areas. The corporate office also sponsored Human Rights Watch[12] by participating in their annual dinner in Amsterdam. Moreover, Wolters Kluwer works together with the Plan Netherlands to tackle malnutrition and improve school performance in Ghana. Plan Netherlands is part of Plan International[13] which aims to improve living conditions of children and their families in less-developed countries. At a local level, CCH Australia, a Wolters Kluwer business, raised funds in 2011 for the Queensland Flood Relief, Save the Children projects in Victoria, and Youth Off The Streets (YOTS).[14] In addition to raising funds, CCH staff members volunteer at a YOTS site each year to help create a better environment for the young people in YOTS’ care. CCH Australia also raised money by running a race for the team’s chosen charity, Cancer Council NSW,[15] a cancer charity that is dedicated to the defeat of cancer in New South Wales. At the Wolters Kluwer Financial Compliance Service facility in the U.S. employees have been coordinating employee volunteerism for a local Meals on Wheels[16] program for more than ten years.

See also

References

  1. ^ a b "Annual Report 2011" (PDF). Wolters Kluwer. Retrieved 14 March 2012.
  2. ^ "WOLTERS KLUWER (WKL:EN Amsterdam): Company Description - Businessweek". investing.businessweek.com. Retrieved 16 November 2012.
  3. ^ "Stock Quote News - Stock Market Quotes, Online Stock Quotes, India". in.reuters.com. Retrieved 21 November 2012.
  4. ^ WoltersKluwer History
  5. ^ "Kluwer". ketupa.net.
  6. ^ a b c d e f g h i j "Wolters Kluwer History". Retrieved April 16, 2015.
  7. ^ "Wolters Kluwer Says 'Explosive' China Legal Growth Fuels Sales". August 30, 2010. Retrieved April 16, 2015.
  8. ^ a b "Kluwer and Wolters Samsom Groep, the two Dutch publishing groups planning to merge, have announced that their merger intentions pre-dated the Elsevier takeover bid". Textline Multiple Source Collection. June 18, 1987.
  9. ^ a b c d "Wolters Kluwer". Retrieved April 16, 2015.
  10. ^ "Wolters Kluwer Law and Business Advantages and Disadvantages". February 5, 2013. Retrieved April 16, 2015.
  11. ^ "Intervention Journal: global exchange of psychosocial knowledge and experience". War Trauma Foundation. Retrieved 27 April 2013.
  12. ^ Human Rights Watch | Defending Human Rights Worldwide. Hrw.org. Retrieved on 2013-08-27.
  13. ^ http://www.plan-international.org
  14. ^ Youth Off The Streets. Youth Off The Streets. Retrieved on 2013-08-27.
  15. ^ Home | Cancer Council NSW. Cancercouncil.com.au. Retrieved on 2013-08-27.
  16. ^ Meals On Wheels Association of America. Mowaa.org. Retrieved on 2013-08-27.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Wolters_Kluwer&oldid=656837473"