Amsterdam, The Netherlands, Dec. 1, 2004 (PRIMEZONE) -- Wolters Kluwer Broadens its Suite of Integrated Legal Management Tools with Acquisition of Award-Winning Litigation Support Software.
New York (December 1, 2004) -- Wolters Kluwer Corporate & Financial Services, a division of Wolters Kluwer and the leading provider of compliance technology and services to corporate legal professionals and financial institutions, today announced the acquisition of Summation Legal Technologies, Inc., the market leader for integrated litigation support software.
The Summation products and operations will become part of CT Corporation, a Wolters Kluwer company and the leading provider of registered agent services and integrated tools for managing corporate governance, compliance, and litigation. The acquisition will enable CT Corporation to extend Summation's best-of-breed litigation management tools, including CaseVault, Summation's acclaimed litigation hosting service, to its customers and provide a seamless solution that includes e-billing, matter management, e-discovery, and litigation support.
"The addition of these award-winning products will further strengthen our suite of integrated solutions for litigation and legal compliance," said Christopher Cartwright, Chief Executive Officer of Wolters Kluwer Corporate & Financial Services.
"Summation is the leader in integrated litigation support solutions and has delivered the only product on the market that combines transcript management, electronic and paper document management, and local and remote access to case files in a single tool," said Gene Landoe, President and Chief Executive Officer of CT Corporation and Wolters Kluwer Corporate Legal Services unit. "It is an excellent extension of CT's market-leading litigation management tools and services."
"We are very pleased to be part of CT Corporation," said Jon Sigerman, President of Summation Legal Technologies, Inc. "By leveraging Summation's technology, CT Corporation can deliver an efficient way for corporate legal departments and law firms to manage, coordinate and deliver e-discovery and case documents, especially as we roll out our new SQL Server (SSE) product line."
About Wolters Kluwer
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of Euro 3.4 billion, employs approximately 18,750 people worldwide, and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Wolters Kluwer Corporate & Financial Services is the leading provider of representation, search, and filing services to corporate legal departments and law firms, and compliance and operational tools, technology, and services for financial services organizations of all sizes. Major brands include CT Corporation and Bankers Systems, Inc. Wolters Kluwer Corporate & Financial Services has annual revenues (2003) of Euro 448 million and is a division of Wolters Kluwer.
About CT Corporation
CT Corporation, a Wolters Kluwer company, pioneered the corporate legal services industry more than 100 years ago. Today, CT Corporation is leading the industry in developing a powerful suite of integrated work flow tools and services to help corporate legal departments and law firms realize meaningful efficiencies and increased effectiveness. These solutions are corporate governance, including corporate records management and SEC compliance; corporate compliance, such as business entity and UCC compliance filings; statutory representation; and litigation management, including matter management and e-billing. CT Corporation is based in New York City. For more information on CT Corporation, please visit www.CTAdvantage.com.