Wolters Kluwer Completes €32 Million Acquisition of StandardFusion

Key Takeaways

• Acquisition Completed: Wolters Kluwer has acquired StandardFusion for approximately €32 million in cash.
• Platform Integration: StandardFusion will be integrated into the TeamMate audit and assurance platform.
• Revenue Profile: StandardFusion generated about €4 million in 2024 revenues, with 94 percent recurring.
• Limited Earnings Impact: The deal is expected to be neutral to adjusted earnings in the near term, with ROIC projected to exceed the cost of capital over time.

Deep Dive

Wolters Kluwer has completed the acquisition of StandardFusion in a cash transaction valued at approximately €32 million, the company said on January 9.

The deal brings StandardFusion, a Vancouver-based provider of cloud-based governance, risk and compliance software, into Wolters Kluwer’s Corporate Performance & ESG business. StandardFusion will be integrated into TeamMate, Wolters Kluwer’s audit and assurance platform, combining audit, risk, control, and compliance functionality within a single system.

Wolters Kluwer said the acquisition reflects growing demand from organizations for more closely connected audit and risk oversight, particularly as regulatory requirements expand and cyber risks become more complex. The combined platform is expected to allow customers to manage internal audit activities alongside risk and compliance processes using shared data and reporting.

StandardFusion’s platform includes configurable workflows and a library of more than 150 compliance frameworks. Wolters Kluwer said that integrating these capabilities with TeamMate’s cloud-based platform is intended to support coordination across audit, risk, and compliance functions, often described as the three lines of defense.

Frans Klaassen, Senior Vice President and General Manager of Wolters Kluwer Audit & Assurance and Corporate Tax, said the integration is intended to support more continuous compliance and streamlined evidence collection. StandardFusion CEO Mirek Pijanowski said the transaction will allow the company’s software to reach a broader base of medium and large enterprises through Wolters Kluwer’s global operations.

Financially, Wolters Kluwer reported that StandardFusion generated approximately €4 million in unaudited gross revenues in 2024, with about 94 percent of that revenue recurring. The company expects the acquisition to achieve a return on invested capital above its after-tax weighted average cost of capital of 8 percent within three to five years. Around 40 full-time employees will join Wolters Kluwer as part of the transaction. The company said the acquisition is expected to have an immaterial impact on adjusted earnings in the near term.

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