back Back

Wolters Kluwer announces acquiring LicenseLogix

By Leandra Monteiro

November 01, 2021

  • Acquisition
  • business licensing services
  • LicenseLogix
Share

Wolters Kluwer, NYDIG, Europe, USAWolters Kluwer Governance, Risk & Compliance (GRC) has acquired LicenseLogix LLC, a provider of U.S. business licensing services.

LicenseLogix is a premier provider of comprehensive business license services, including research, filing and ongoing compliance management. The company has been a strategic partner of GRC’s CT Corporation for over five years and now serves more than 800 corporate customers of all sizes and across all industries. CT Corporation is a U.S. provider of registered agent services, incorporation services, and legal entity compliance. LicenseLogix services are highly complementary to those of CT Corporation and will form an integral component of CT’s end-to-end legal entity compliance and managed services offerings.

LicenseLogix, based in White Plains, New York, was founded in 2011 by lawyers, technology professionals and legal service industry veterans aiming to transform and streamline the businesses licensing process. While the service is charged on a transactional basis, business licenses tend to require regular renewal. The acquisition is expected to deliver a return on invested capital (ROIC) above Wolters Kluwer’s after tax weighted average cost of capital (8%) within three to five years from completion. The transaction is expected to have an immaterial impact on Wolters Kluwer adjusted earnings in the first full year.

“This is an exciting and strategic acquisition for us. As the demand for business license services increases, the acquisition of LicenseLogix cements our position as a leader in this market,” said John Weber, President and CEO of Wolters Kluwer CT Corporation. “In addition to the strategic fit, we have worked with LicenseLogix for several years and have the highest respect for David Yount and the whole LicenseLogix team.”

David Yount, CEO of LicenseLogix, commented, “Wolters Kluwer has a long and distinguished history of excellence and innovation when it comes to providing registered agent services and incorporation services. The combination with LicenseLogix now adds a new level of licensing capabilities, further strengthening CT Corporation’s U.S. legal entity compliance offering at a time when such services are vital for all industries.”

Previous Article

November 01, 2021

Binance appoints GE and Edelman veteran Patrick Hillmann as Chief Communications Officer

Read More
Next Article

November 01, 2021

OpenLegacy names marketer Asif Muhammad as Chief Marketing Officer

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

Acquisition

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

June 10, 2024

Revolut launches new security feature to combat phone theft

Read More

June 04, 2024

VGS and Onafriq to boost security & payments innovation for FinTechs in MEA

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023