AMSTERDAM, Netherlands and MINNEAPOLIS, Oct. 11, 2005 (PRIMEZONE) -- Wolters Kluwer, a leading multinational information services company, announced its prominent financial services businesses will be adopting a single, unified company name -- Wolters Kluwer Financial Services. The name change, effective January 2006, is part of the organization's transformation into a broader, integrated business serving banks, credit unions, mortgage, securities, and insurance companies of all sizes.
The well-known Wolters Kluwer businesses involved in the name change include market-leaders:
-- Atchley Systems -- Bankers Systems Inc.(R) -- CCH(R) Insurance Services -- CCH Wall Street -- CT Insurance Services -- GainsKeeper(R) -- VMP(R) Mortgage Solutions, Inc.
Certain financial services products from CCH INCORPORATED will appear under the Wolters Kluwer Financial Services banner, including CCH Capital Changes and Banking Compliance Library. CCH products that serve tax, accounting, legal and business compliance professionals are not included in or affected by this change.
Customers will continue to see a number of the organization's prominent brands after January such as Bankers Systems, VMP, and GainsKeeper; however, the brands will be used as product family names rather than company names.
"This identity change is a visual representation of a deeper transformation underway in our business," stated Brian Longe, President and Chief Operating Officer of Wolters Kluwer Financial Services. "Many of our leading brands share the same customers. By bringing them together in a more integrated organization with a common name -- Wolters Kluwer Financial Services -- we are making it easier for customers to work with us and gain access to the solutions they need and have trusted for years."
The organization is informing customers and business partners of the scheduled name change. The new Wolters Kluwer Financial Services brand will begin to appear on products, marketing materials, other communications, and office signs in January. The total re-branding effort is expected to take up to 24 months for all internal systems and product updates.
"We're evolving in direct response to our customers' changing business environments," Longe said. "As our customers expand to provide their clients with efficient access to a broader range of products and services, we are doing the same. Building on our robust, high-quality solutions, the Wolters Kluwer Financial Services name represents the collective strengths we will leverage to deliver even greater value to the industry."
Wolters Kluwer Financial Services is and will continue to be focused on helping financial organizations manage compliance, operational, and credit risks across their enterprise, as well as improving productivity, efficiency, and business results. Wolters Kluwer Financial Services' headquarters is in Minneapolis. The organization has principal offices throughout the United States, including Boston, New York, Chicago, and St. Cloud, Minn. Wolters Kluwer Financial Services employs approximately 1,280 people.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services, a market leader and strategic customer unit of Wolters Kluwer, provides its best-in-class compliance, credit, and operational risk management and work flow services and solutions; as well as capital changes and corporate actions data and tools to banks, credit unions, mortgage companies, securities organizations, and insurance companies throughout the United States. Our solutions include documentation and documentation platforms; analytics; regulations and statutes tools; and capital changes and corporate actions services - all focused on helping our customers become more efficient, productive, and responsive. As a growing business with market-leading presence, Wolters Kluwer Financial Services is backed by the strength of Wolters Kluwer, one of the largest information services companies in the world. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, corporate services, financial services, tax, accounting, law, regulatory and education sectors. Wolters Kluwer has annual revenues (2004) of Eur 3.3 billion, employs approximately 18,400 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.
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Media Peggy Wilson Director of Corporate Communications Wolters Kluwer Corporate & Financial Services Division 320-240-5260 peggy.wilson@wolterskluwer.com Caroline Wouters Vice President, Corporate Communications 31 (0)20 60 70 459 press@wolterskluwer.com Investors/Analysts Oya Yavuz Vice President, Investor Relations 31 (0)20 60 70 407 ir@wolterskluwer.com www.wolterskluwer.com