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New E-Book Addresses LGBTQ Issues in the Education of Healthcare Professionals.
Finextra: Wolters Kluwer updates Wiz Sentri anti-fraud system - company announcement from Wolters Kluwer Financial Services
On-going series of webinars and podcasts helps financial institutions understand and comply with numerous regulatory changes as they occur
Wolters Kluwer announced a new executive director for the Lippincott CME Institute and a series of organizational changes to its CME organization, in accordance with guidelines set by the Accreditation Council for Continuing Medical Education (ACCME).
http://www.econtentmag.com/Articles/ArticleReader.aspx?ArticleID=57595
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ALPHEN AAN DEN RIJN, NETHERLANDS, Nov 16, 2009 (MARKETWIRE via COMTEX) --
Alphen aan den Rijn (November 13, 2009) - Wolters Kluwer, a market-leading global information services and publishing company focused on professionals, today announced that a live audio webcast will be available of CEO and Chairman of the Executive Board, Nancy McKinstry's presentation at Morgan Stanley's 9th Annual Technology Media & Telecoms Conference in Barcelona.
McKinstry will present at 10:20 am CET, on Wednesday, November 18, 2009. A live audio webcast will be available during that time. The webcast can be accessed directly through this link, or by visiting www.wolterskluwer.com. The webcast will be archived a few hours after the event and be available for on-demand play back.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of EUR 3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.
Should you wish to change how you receive information from Wolters Kluwer, please click here.
Forward-looking Statements
This press release contains forward-looking statements. These statements may be identified by words such as "expect," "should," "could," "shall," and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.'
Contact: Caroline Wouters Kevin Entricken
Vice President, Vice President,
Corporate Communications Investor Relations
Wolters Kluwer nv Wolters Kluwer nv
+ 31 (0)172 641 459 + 31 (0)172 641 407
press@wolterskluwer.com ir@wolterskluwer.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
PDF version of Press Release: http://hugin.info/130682/R/1355246/328898.pdf
Copyright Copyright Hugin AS 2009. All rights reserved.
SOURCE: Wolters Kluwer NV
Tags: accounting acquisition asia ceo communications conference corporate currency europe financial services legal market media merger north america president products publishing tax
Companies: Wolters Kluwer N.V. (WTKWY)
MINNEAPOLIS, Nov 19, 2009 (BUSINESS WIRE) --
Wolters Kluwer Financial Services is offering financial institutions one convenient tool kit that can help them comply with the Federal Reserve Board's new Regulation GG, which takes effect on Dec. 1, 2009. The regulation requires institutions to implement policies and procedures designed to identify and block unlawful Internet gambling transactions.
Wolters Kluwer Financial Services' Regulation GG Tool Kit was designed to help institutions rapidly understand the requirements behind the new regulation, develop the appropriate policies and procedures, and implement them. The tool kit includes a sample Regulation GG policy institutions can use as a starting point in creating their own. It also offers them an implementation guide and audit procedure checklist to help ensure they meet all of the new regulation's requirements.
In addition, institutions can take advantage of the tool kit's training materials to help educate staff, and its Unlawful Internet Gambling Notice to help inform customers of the new regulation.
"The Regulation GG Tool Kit provides financial institutions with a simple, yet effective way to comply with the impending requirements," said Lisa Fraga, vice president and general manager of Banking Content for Wolters Kluwer Financial Services. "This is just the latest example of Wolters Kluwer Financial Services' commitment to helping institutions quickly respond to regulatory changes as they occur."
For more information on Wolters Kluwer Financial Services' Regulation GG Tool Kit, please visit the company's Regulation GG Resource Center.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP(R) Mortgage Solutions, PCi, AppOne(R), GainsKeeper(R), Capital Changes, NILS, AuthenticWeb(TM) and Uniform Forms(TM). Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) EUR3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
SOURCE: Wolters Kluwer Financial Services
Wolters Kluwer Financial Services Jennifer Marso, 612-852-7912 Director of Corporate Communications Jennifer.marso@wolterskluwer.com On Twitter: @JenniferMarso or Charles Miller, 320-240-5457 Senior Public Relations Specialist Charles.miller@wolterskluwer.com On Twitter: @CharlesWMiller
Tags: banking financial services gambling internet mortgage policy president publishing technology training web
Companies: Financial Institutions, Inc. (FISI)
ALPHEN AAN DEN RIJN, NETHERLANDS, Nov 04, 2009 (MARKETWIRE via COMTEX) --
Alphen aan den Rijn (November 4, 2009) - Wolters Kluwer, a market-leading global information services and publishing company focused on professionals, today outlined its three-year strategy for Maximizing Value for Customers. With a focus on the future, the 2010-2012 strategic path builds on the successful transformation of Wolters Kluwer and leverages the company's global leading market positions to drive value for customers and shareholders.
Nancy McKinstry, CEO and Chairman of the Executive Board, commented: "I am confident that our strategy for 2010-2012, Maximizing Value for Customers, will drive greater value for our customers and shareholders. We are well positioned for the future based on the successful transformation of our business. Our strong foundation includes global leading market positions, a resilient subscription portfolio, world-class electronic and software capabilities, and a solid financial position. These strengths enable us to create information-enabled solutions and networks that help our customers deliver tangible results. In the context of macro trends that lead to increased regulation, more compliance complexity, and greater focus on productivity by customers, Wolters Kluwer has the assets and expertise to deliver intelligent solutions that reduce complexity and drive efficiencies for our customers.
"The globalization of our organization, integrated product lines, and coordinated back office functions reflect the needs of our customers and is the logical next step in the evolution of Wolters Kluwer. We will make full use of the value of our global footprint to focus on innovation to drive better connectivity between our customers and their clients, and to continue investing in our strong market-leading positions.
"Our portfolio transformation has enhanced the company's competitive position. Today, Wolters Kluwer has significant global scale in each of its key markets. Wolters Kluwer holds the number one position in the global tax and accounting market and has strong leading positions in the global legal and regulatory and health markets. These robust market positions provide a significant foundation for delivering results by increasing the pace of innovation across geographies and by leveraging economies of scale in product development and technology."
Strategy for 2010-2012: Maximizing Value for Customers
The vision to be The Professional's First Choice remains core to the company's strategy. The strategy for Maximizing Value for Customers centers on being the preferred global provider of information-enabled solutions to enable professionals to manage processes and drive results effectively. The company will achieve this objective by delivering against three strategic priorities:
* Deliver Value at the Point-of-Use by helping customers manage
complex transactions to produce tangible results. Wolters
Kluwer's value begins with high quality, proprietary information
embedded in tools and solutions. This value is extended by
helping professionals automate processes and manage complex
decisions and transactions with intelligent solutions and
networks.
* Expand Solutions Across Processes, Customers, and Networks by
following the transaction flow of the professional customers and
delivering solutions across key activities. Wolters Kluwer will
move towards providing intelligent solutions and collaborative
networks to help its customers produce results efficiently by
connecting them with clients, governments, and other stakeholders
critical to their work.
* Raise Innovation and Effectiveness Through Global Footprint by
aligning Wolters Kluwer businesses and operations along its
strong global market positions, with the creation of four global
divisions: Legal & Regulatory, Tax & Accounting, Health & Pharma
Solutions, and Financial & Compliance Services. This change will
support innovation and efficiencies by sharing technology
platforms, global products, and common business models.
Maximizing Value for Customers Builds on the Company's Success as the Professional's First Choice
Wolters Kluwer has established itself as the Professional's First Choice for information, software and services which help professionals improve their decision making and productivity. The company's 2006-2009 strategic plan to drive profitable growth has successfully extended value to customers by producing high-quality solutions that drive productivity by combining proprietary content with software applications to automate key tasks for the professional. The company has successfully achieved the goals set out under its current 2006-2009 strategic plan for profitable growth, including:
* Enhanced its portfolio by shifting to higher value added products
and stronger growth markets
* Continued investments of 8-10% of revenues in new products and
platforms to support growth
* Expanded electronic revenues to more than 50% of the portfolio
* Extended subscription and other non-cyclical revenues to more
than 70% of the portfolio
* Achieved operating efficiencies and improved operating margins
* Strengthened its solid financial position and improved financial
flexibility
* Delivered substantial EPS growth
Springboard Expansion
The Springboard operational excellence program is designed to further business optimization initiatives resulting in sustainable margin growth. Savings are expected to result largely from standardized technology platforms and consolidated IT infrastructure, streamlined content manufacturing processes, expanded global sourcing programs, offshore service centers for software development and testing, and content production and back office support functions.
Execution to date has exceeded expectations giving the company further confidence in achieving its full-year 2009 ordinary EBITA margin guidance. As a result, the full program run rate savings estimates have been increased and the program has been expanded. The expansion and acceleration of supply management initiatives in Europe will contribute positively to the program results. Additionally, further business optimization initiatives in France, the Netherlands, the United Kingdom, and Law & Business will contribute to additional savings. Furthermore, annualized run rate savings estimates for the full program have been increased to EUR 140-160 million by 2011, an increase over the previous estimate of EUR 120 million. Related exceptional expenses are expected to increase to approximately EUR 220-240 million for the full program by 2011.
+--------------------------------------------------------------- ----+ |Savings and Cost Estimates (EUR millions | Previous | Increased | | pre tax) | Guidance | Guidance | |--------------------------------------------+----------+-----------| | 2011 Run Rate Cost Savings | 120 | 140-160 | |--------------------------------------------+----------+-----------| | Exceptional Program Costs | 180 | 220-240 | +-------------------------------------------------------------------+
Global Organization
To drive the strategy for Maximizing Value for Customers, Wolters Kluwer will transition to a global organization. Beginning in 2010, the organization of the company will be aligned along four global operating divisions: Legal & Regulatory (CEO Donatella Treu), Tax & Accounting (CEO Kevin Robert), Health & Pharma Solutions (CEO Bob Becker), and Financial & Compliance Services (CEO Brian Longe). The four divisions will report into Nancy McKinstry, CEO and Chairman of the Executive Board. With the expansion of the Springboard program, Chris Cartwright, the CEO of the current Corporate & Financial Services division, will move to a role supporting the successful execution of this important initiative, reporting to Jack Lynch, Member of the Executive Board.
As part of this transition to a global and integrated organization, the company previously announced the creation of Global Shared Services, headed by Tom Lesica, and a regional management structure for its Legal, Tax & Regulatory units in Europe.
Guidance 2010-2012
The Wolters Kluwer strategy is focused on maximizing value for customers and shareholders, reflected in Key Performance Indicators.
+--------------------------------------------------------------- ----+ | Key Performance Indicators | Medium-Term Guidance 2010-2012 | |----------------------------+--------------------------------------| | | * Double-digit growth in online | | | and software revenues | | | * Online, software & services | | | revenue > = 75% of total revenues | | Portfolio composition | * Subscription and other | | | non-cyclical revenue > = 75% of | | | total revenues | | | * Print revenue < = 25% of total | | | revenues | |----------------------------+--------------------------------------| | | * Broadly in line with recent | | | levels under current economic | | Ordinary EBITA margin | conditions | | | * Consistent improvement | | | thereafter | |----------------------------+--------------------------------------| | Diluted ordinary earnings | * Improvement beyond current | | per share | economic conditions in constant | | | currencies | |----------------------------+--------------------------------------| | | * > = EUR 400 million per annum over | | Free cash flow | the medium term in constant | | | currencies | |----------------------------+--------------------------------------| | Return on invested capital | * > = 8% over the medium term | | (after tax) | | +-------------------------------------------------------------------+
Solid Financial Position Underpins Strategy for Maximizing Value for Customers
The company's solid financial position underpins its 2010-2012 guidance. Management reiterates the net-debt-to-EBITDA target of 2.5 times. Priorities for the uses of free cash flow will include rewarding our shareholders through a progressive dividend policy, improving our financial leverage, and investments in the business. Management reiterates its commitment to invest between 8-10% of revenues in new products and platforms to drive profitable growth over the medium term.
Benchmark Figures
Wherever used in this press release, the term "ordinary" refers to figures adjusted for exceptional items and, where applicable, amortization of publishing rights and impairment of goodwill and publishing rights. Exceptional items consist of qualifying restructuring expenses. "Ordinary" figures are non-IFRS compliant financial figures, but are internally regarded as key performance indicators to measure the underlying performance of the base business. These figures are presented as additional information and do not replace the information in the income statement and in the cash flow statement. The term "ordinary" is not a defined term under International GAAP.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of EUR 3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.
Should you wish to change how you receive information from Wolters Kluwer, please click here.
Forward-looking Statements
This press release contains forward-looking statements. These statements may be identified by words such as "expect," "should," "could," "shall," and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Calendar 2009 Full-Year Results February 24, 2010 Publication of 2009 Annual Report March 18, 2010 Annual General Meeting of Shareholders, April 21, 2010 Amsterdam
Full overview available at www.wolterskluwer.com.
Media Investors/Analysts Caroline Wouters Kevin Entricken Vice President, Corporate Vice President, Investor Communications Relations t + 31 (0)172 641 459 t + 31 (0)172 641 407 press@wolterskluwer.com ir@wolterskluwer.com
Presentations by Senior Management on November 4, 2009 - Hilton Hotel Amsterdam Strategy Update: Maximizing Value for Customers Investor/Analyst Meeting: 10:00 AM CET Presentation will be webcast on the corporate website www.wolterskluwer.com
PDF version of Press Release: http://hugin.info/130682/R/1352444/327196.pdf
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Copyright Copyright Hugin AS 2009. All rights reserved.
SOURCE: Wolters Kluwer NV
Tags: accounting acquisition annual report asia business ceo corporate currency dividend earnings eps europe expansion financial services foundation france health hotel law legal market media merger north america online policy president product development productivity products publishing restructuring revenue software subscription tax technology
Companies: Wolters Kluwer N.V. (WTKWY)
MINNEAPOLIS, Nov 11, 2009 (BUSINESS WIRE) --
Wolters Kluwer Financial Services announced today that it has enhanced the Investigative Services functionality of its Wiz Sentri: Anti-Fraud solution to help U.S. and U.K. financial institutions more effectively prevent financial crimes and the resulting losses before they occur. The solution facilitates fraud prevention by helping institutions detect the actual precursors to a fraudulent attack via continuous, real-time monitoring of both activity and behavior.
The Wiz Sentri: Anti-Fraud solution's new relationship analysis capabilities enable fraud investigators at institutions to quickly uncover correlations between customers, their accounts and employees that may be involved in or impacted by a criminal scheme. By offering investigators a visual display of the links between all accounts, customers and employees within an institution, the tool enables institutions to rapidly uncover complex and often hidden relationships and activity patterns and head off any potential financial crimes.
With the new Investigative Services update, management can also more effectively assess current risk levels to the institution through detailed and configurable reporting tools and case management dashboards. By allowing investigators to point out and provide commentary on suspicious account activity from within the system, they avoid the labor-intensive process of creating separate disparate reports for management.
"The mere detection of suspicious activity does not mitigate fraud or its associated monetary losses within a financial institution," said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services' Financial Intelligence Unit. "Identifying suspicious relationships and behavior prior to an actual loss is a key strategy of effective anti-fraud programs. The enhancements we've made to our Wiz Sentri: Anti-Fraud solution will help fraud investigators move from detecting fraud to preventing fraud. We assist our customers in preventing fraudulent transactions before they occur and therefore avoid losses instead of merely noticing them."
The Wiz Sentri: Anti-Fraud solution leverages the proven network surveillance technology of Intellinx, recently identified by Gartner as one of the top four such technologies in the financial services marketplace. Wolters Kluwer Financial Services utilizes its extensive expertise in helping institutions combat financial crimes and manage operational risk by infusing this knowledge within the Intellinx technology platform. With Wiz Sentri: Anti-Fraud, this unique blend of technology and financial crime expertise yields shorter implementation times and a greater ability to detect suspicious behavior and prevent associated financial crimes before they occur.
For more information on the Wiz Sentri: Anti-Fraud solution and Wolters Kluwer Financial Services' complete suite of solutions that can help institutions prevent financial crimes, please visit http://www.pciwiz.com/solutions/financialcrimecontrol.asp.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP(R) Mortgage Solutions, PCi, AppOne(R), GainsKeeper(R), Capital Changes, NILS, AuthenticWeb(TM) and Uniform Forms(TM). Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) EUR3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
SOURCE: Wolters Kluwer Financial Services
Wolters Kluwer Financial Services Jennifer Marso, 612-852-7912 Director of Corporate Communications Jennifer.marso@wolterskluwer.com On Twitter: @JenniferMarso or Charles Miller, 320-240-5457 Senior Public Relations Specialist Charles.miller@wolterskluwer.com On Twitter: @CharlesWMiller
Tags: criminal financial services mortgage president publishing technology web
Companies: Financial Institutions, Inc. (FISI)
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Below you can search directly for worldwide opportunities in our four divisions or at our Corporate Office in Amsterdam, the Netherlands. Health Health develops content, software tools and services for medical and health-related professionals and organizations.
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