CorporateInvestorsLegalJune 05, 2013

Wolters Kluwer Corporate Legal Services expands global presence with acquisition of Avantiq

Acquisition combines top-ranked companies to create premier, global trademark partner for legal professionals.

Wolters Kluwer Corporate Legal Services (CLS), the leading provider of legal information services and solutions, today announced it has acquired Avantiq, a provider of multi-national trademark research services. This acquisition bolsters CLS’s global portfolio of trademark and brand clearance and protection solutions under the Corsearch brand. Avantiq, founded in 1986, has 28 employees and has operations in Luxembourg and Australia.

The acquisition expands Corsearch’s products and services for trademark and brand professionals — and also extends its European expertise and presence. It combines two top-ranked trademark and brand management companies to offer legal professionals the premier partner for global services. In the 2011 World Trademark Review's annual Global Trademark Survey, trademark professionals worldwide ranked Avantiq #1 in searching while ranking Corsearch #1 in watching and #2 in searching.

“We are excited to welcome Avantiq to Wolters Kluwer CLS. Together, we will provide broader solutions to our global client base, offering another layer of capabilities to help organizations protect their brands,” said Joshua Braunstein, general manager, Corsearch. “We can now offer our customers improved service, combined and expanded global databases, and a broader suite of solutions to meet local, regional and worldwide branding needs.”

Avantiq is widely recognized for offering high-touch, premium service and seamless global clearance capabilities. It is a trusted partner to many of the world’s top brands, leveraging in-house expertise and its global network of trademark professionals to offer insights and solutions wherever a brand may be used.

“We have a long-standing relationship with Corsearch. As our partnership developed, it became clear that we could better serve our customer base together,” said Larissa Best, Managing Director, Avantiq. “As part of Wolters Kluwer CLS, we will increase our global scale and be able to leverage broader resources and expertise – while also enabling our customers to benefit from industry-leading global watch and screening services.”

Avantiq complements the trademark and brand attorneys’ work by offering the ability to not only perform searches, but to also provide insights in regions around the world where the firms may not have a local presence or intricate knowledge of the local issues, language or culture.

About Wolters kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & 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.

Forward-looking statements and other important legal information
This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Annemarije Dérogée-Pikaar
Annemarije Dérogée - Pikaar
Director, Corporate Affairs & Communications
Global Branding & Communications
Erica Glass
Erica Glass, Global Corporate Communications - Legal Solutions, Governance, Risk & Compliance
Global Corporate Communications - Legal Solutions
Governance, Risk & Compliance
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations