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PRESS RELEASE Wolters Kluwer Acquires Summation Legal
Technologies, Inc.
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 €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 €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.
Media
For Wolters Kluwer
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Peggy Wilson
Director of Corporate Communications
Wolters Kluwer Corporate & Financial Services Division
t + 1 320-240-5260
peggy.wilson@bankerssystems.com
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Caroline Wouters
Vice President, Corporate Communications
Wolters Kluwer n.v.
t + 31 (0)20 6070 459
press@wolterskluwer.com
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For CT Corporation
Investors/Analysts
Oya Yavuz
Vice President, Investor Relations
Wolters Kluwer n.v.
t + 31 (0)20 6070 407
ir@wolterskluwer.com
www.wolterskluwer.com
www.ctadvantage.com
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