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Wolters Kluwer buys Brightflag for €425M to boost legal tech offerings for mid-size firms.
Wolters Kluwer, a global information solutions company, plans to acquire legal software provider Brightflag for about €425 million in cash.
Brightflag's revenues rose 36% in 2024 to around €22 million, with 95% of it recurring and 60% from U.S. clients.
The deal, expected to close in June, aims to enhance Wolters Kluwer's presence among mid-size corporations and improve legal matter management through advanced technology.
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Wolters Kluwer compra Brightflag por 425 millones de euros para impulsar las ofertas de tecnología legal para firmas de tamaño mediano.