CorporateInvestorsSeptember 09, 2013

Wolters Kluwer Corporate Legal Services extends online brand protection capabilities with acquisition of CitizenHawk

Acquisition strengthens Corsearch's position in expanding market of Online Brand Protection & Global Domain Recovery; offers broader solutions for global customers.

Wolters Kluwer Corporate Legal Services (CLS), a leading provider of legal information services and solutions, today announced it has acquired CitizenHawk, Inc., a premier provider of SaaS solutions and services specializing in online brand protection and global domain recovery. This acquisition further expands CLS's global portfolio of trademark and brand clearance and protection solutions under the Corsearch brand, extending Corsearch's capabilities into a rapidly growing market. CitizenHawk, based in Aliso Viejo, Calif., serves more than 250 blue-chip brands with approximately one in four companies on Internet Retailer's Top 500 list as clients. Terms of the acquisition were not disclosed.

Web presence is playing an increasingly important role in maximizing businesses' global reach. As a result, managing and protecting a company's brand is more complex today than ever before. Brands around the world are at risk of online brand misuse or trademark infringement - ranging from cybersquatting and logo abuse to unauthorized product distribution. The CitizenHawk acquisition allows Corsearch to offer its customers a greater range of online brand protection services from continuous monitoring of the Internet for all typo and cybersquatting to identifying and taking action on unauthorized and fraudulent domains to monitoring ecommerce, social media and other channels for brand abuse.

"There is a clear market convergence between online brand protection and traditional trademark and brand protection. Trademark professionals are increasingly expanding their scope to address online brand infringement issues, making online brand protection a natural space for us to expand," said Josh Braunstein, general manager, Corsearch.  "This acquisition positions Corsearch well to address customers' growing challenges."

CitizenHawk's combination of deep industry expertise coupled with advanced software and monitoring technology allows its customers to not only identify, but also act to prevent and remediate brand challenges. CitizenHawk has sophisticated technology that identifies infringement on active trademarks, and also boasts a patented business process for its domain recovery process. Following the completion of the acquisition, CitizenHawk's technology will integrate into Corsearch's service offerings to create a single solution for trademark professionals.

"The need for brand protection and reputation management is rapidly increasing and is highly correlated with e-commerce and online advertising. Combining our online brand protection solutions with Corsearch's leading trademark watching and screening services will allow both companies to bring greater value to customers by offering a broad range of online and traditional brand protection services from one company," said Dave Duckwitz, VP, CitizenHawk.

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.
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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