Press release

Wolters Kluwer’s ELM Solutions Adds Contract Lifecycle Management to Legal Solutions Offerings through Acquisition of CLM Matrix

Sponsored by Businesswire

Wolters Kluwer’s ELM Solutions has extended its best-in-class portfolio
of products and services that help corporate legal and claims
departments control costs while increasing revenues and improving
productivity by acquiring CLM Matrix, a leading provider of contract
lifecycle management (CLM) software. Wolters Kluwer disclosed the
acquisition in the First-Quarter 2019 Trading Update.

This acquisition enables Wolters Kluwer to offer a more comprehensive
suite of technology solutions to address the growing need of corporate
legal operations departments to increase responsibility for, and
oversight of, the contracting process.

“As corporations continue to increase demands on their legal operations,
our clients require a contract lifecycle management solution that aligns
with our current offerings,” said Jonah
, Executive Vice President and General Manager for Wolters
Kluwer’s ELM Solutions. “We are thrilled to respond to our customers by
delivering CLM Matrix’ solutions that provide deep contract management
expertise, a strong global presence, and intuitive technology to the
customer experience that will improve the legal operations workflow.”

CLM Matrix software, named a “strong performer” in the 2019 Q1 CLM
Forrester Wave report, helps companies streamline the contract process.
The acquisition adds technology that transforms the way companies manage
their contract lifecycle to ELM Solutions’ market-leading portfolio of
enterprise legal spend and matter management and legal analytics
solutions. CLM Matrix offers a highly customizable, easily implemented,
SaaS-based solution that works seamlessly with the Microsoft Office
technology platform to automate contract initiation, creation, and
negotiation from execution through to expiration. CLM Matrix gives
companies insight into key performance metrics that can drive
organizational efficiencies and decrease contract cycle times.

ELM Solutions will be at the 2019 Corporate Legal Operations Institute
(CLOC) in Las Vegas on May 14-16, in the exhibit hall at booth 4. On May
15, Alyza
, ELM Solutions Senior Director for LegalVIEW®
, and Scott Fuller, Senior Director of Legal Operations
at Applied Materials, will present “Using AI to Super-Charge Invoice
Review.” Follow us on LinkedIn and Twitter,
or join the conversation using #CLOC2019.

Wolters Kluwer’s ELM Solutions is the market-leading provider of
enterprise legal spend and matter management and legal analytics
solutions. Corporate legal and insurance claims departments and their
law firms worldwide trust our flexible, multi-solution approach to help
control costs, collaborate more effectively, and drive better outcomes.
This includes Passport®,
the highest rated ELM solution in the Hyperion Marketview™ Legal Market
Intelligence Report; TyMetrix®
, the industry’s leading SaaS-based e-billing and matter
management solution; and the LegalVIEW® portfolio
of legal analytics solutions based upon the industry’s largest and most
comprehensive legal spend database, with more than $128 billion in

About Wolters Kluwer Governance, Risk & Compliance
Risk & Compliance (GRC) is a division of Wolters
, which provides legal and banking professionals with
solutions to ensure compliance with ever-changing regulatory and legal
obligations, manage risk, increase efficiency, stay competitive and
produce better business outcomes. GRC offers a portfolio of
technology-enabled expert services and solutions focused on legal entity
compliance, legal operations management, banking product compliance, and
banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and
solutions for professionals in the health, tax and accounting, risk and
compliance, finance and legal sectors. Wolters Kluwer reported 2018
annual revenues of €4.3 billion. The company, headquartered in Alphen
aan den Rijn, the Netherlands, serves customers in over 180 countries,
maintains operations in over 40 countries and employs 19,000 people