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News  ›  Benzinga

Wolters Kluwer acquires StandardFusion

Benzinga Logo Benzinga By Globe Newswire
Wolters Kluwer acquires StandardFusion

Wolters Kluwer has completed the acquisition of StandardFusion, a cloud-based governance, risk and compliance (GRC) solutions provider based in Vancouver, for approximately €32 million. The acquisition will integrate StandardFusion into Wolters Kluwer's TeamMate platform to create a unified solution for audit and GRC management. StandardFusion generated approximately €4 million in 2024 revenues with 94% recurring revenue, and the deal is expected to achieve positive ROIC within 3-5 years.

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The acquisition strengthens Wolters Kluwer's market position in audit and GRC by expanding its platform capabilities. The deal adds a complementary product with strong recurring revenue (94%), approximately 40 new employees, and is expected to achieve acceptable returns within 3-5 years. The integration creates a more comprehensive offering to meet growing market demand for integrated risk and compliance solutions.