Wolters Kluwer's GRC Division acquires VCorp Services
Wolters Kluwer’s Governance, Finance & Risk Division (GRC) has acquired Vcorp Services, LLC, a provider of registered agent, UCC and other corporate legal services. The firm says the “acquisition strengthens Wolters Kluwer GRC’s existing portfolio of legal and compliance products and services” and that it will allow its CT Corporation business to expand its reach into its core markets, including small and mid-sized law firms and corporations.
CT Corporation, a part of Wolters Kluwer GRC, was established in 1982 and works with businesses to offer customized solutions and expertise about business formations, legal and corporate business compliance, and business licenses.
Vcorp Services, based in Monsey, New York and founded in 2003, is supported by 22 employees. Vcorp joins GRC and will continue to deliver its solutions to customers as part of CT’s suite of products and services.
“Vcorp is a highly successful and growing player serving an attractive segment of our market,” said John Weber, President & CEO of Wolters Kluwer GRC’s Legal Information Services Group, which includes CT and Corsearch. “Vcorp’s strong customer base and portfolio of products and services strengthens our overall offering and capitalizes on an important strategic opportunity to better serve small and mid-sized corporations and law firms.”
The acquisition is expected to deliver a return above Wolters Kluwer’s after tax cost of capital (8%) in three to five years and is expected to be earnings enhancing in its first full year.
“Being a part of CT will ensure Vcorp customers and employees experience even greater value from the vast resources and network now available to us,” said Isaac Muller, Vcorp founder & CEO. “We look forward to combining our strengths to meet growing marketplace demands.”