FOR IMMEDIATE RELEASE
|Wolters Kluwer Contacts||NRAI Contact|
Director of Communications
Wolters Kluwer Corporate Legal Services
+1 212 590 9058
VP, Investor Relations
+31 (0) 172 641 407
National Registered Agents, Inc.
+1 609 716 0300
Wolters Kluwer Corporate Legal Services Signs Agreement To Acquire NRAI
Acquisition Will Expand Company's Compliance and Governance Portfolio; Will Also Further Extend Custom Offerings to Unique Customer Segments
NEW YORK – June 14, 2011 – Wolters Kluwer Corporate Legal Services (CLS), the originator of the legal compliance services industry, today announced it has signed an agreement to purchase National Registered Agents, Inc. (NRAI) and select affiliated entities. This acquisition will add NRAI to CLS's portfolio of industry-leading business compliance and corporate governance solutions, which includes CT Corporation and BizFilings. The terms of the deal are not being disclosed, and closing of the acquisition is subject to the satisfaction of customary conditions, including regulatory approval.
NRAI has been providing registered agent services since 1995, specializing in compliance and governance services for small and mid-sized businesses and the legal community that supports them. Its suite of services spans U.S. and international registered agents, corporate compliance and entity management.
Combining NRAI's offerings with those of CT Corporation, a leading provider of corporate business compliance solutions, and BizFilings, a leading online incorporation service provider for small-business owners, will position CLS to offer a comprehensive spectrum of solutions to the market. Whether it's entrepreneurs, small- and medium-sized businesses, enterprise-level companies, or the law firms who serve them, Wolters Kluwer Corporate Legal Services is the provider of choice for legal compliance and corporate governance solutions.
“For nearly 120 years, our market-leading brand, CT Corporation, has set the standard for service excellence to the legal community,” said Wolters Kluwer Corporate Legal Services President and CEO Richard Flynn. “NRAI has built a unique and highly valued distribution model to serve small and mid-sized companies. We see this acquisition as the perfect complement to our portfolio, enabling us to provide an even broader set of services and solutions for this important customer segment.”
“NRAI was founded by industry veterans with a commitment to provide exceptional customer service and innovative technology,” said Dennis Howarth, President and CEO of NRAI. “We've experienced 15 years of unprecedented growth, and we wanted to position the company for continued growth, taking it to the next level. After considering a number of options, we selected Wolters Kluwer as the most logical buyer and the best strategic partner to help us achieve our goals.”
Headquartered in Princeton, NJ, NRAI has approximately 160 employees in offices across the U.S.
About Wolters Kluwer Corporate Legal Services (CLS)
As the originator of the corporate legal services industry, Wolters Kluwer CLS has been setting the standard for unrivaled service to the legal community for nearly 120 years. Combining unmatched industry expertise, a full spectrum of products and services and a personalized customer experience every time, CLS is the legal professional's clear choice to manage, measure and define the future of legal compliance services and performance management.
Wolters Kluwer Corporate Legal Services is a business of Wolters Kluwer, a market-leading global information services company with annual revenues (2010) of €3.6 billion and approximately 19,000 people across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Visit www.wolterskluwer.com.