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Wolters Kluwer to buy eOriginal for EUR 231 million

Monday 14 December 2020 13:55 CET | News

Netherlands-based Wolters Kluwer (WKL) has signed an agreement to acquire eOriginal, a provider of cloud-based digital lending software, for EUR 231 million in cash.

The eOriginal platform enables lenders and their partners to create, store, and manage digital assets from close through to the secondary loan market. WKL’s Compliance Solutions business has had a strategic partnership with eOriginal since 2016, which allows the integration of eOriginal’s electronic vaulting and closing software with Expere.

Completion of the transaction is subject to customary closing conditions and expected before the end of 2020. The transaction will be affected through the purchase of eOriginal’s parent company, Paperless Transaction Management.

Wolters Kluwer is a global player in professional information, software solutions, and services for the healthcare, tax and accounting, governance, risk and compliance, and legal and regulatory sectors. 

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Keywords: Wolters Kluwer, eOriginal, acquisition, digital assets, electronic vaulting, digital lending, banks
Categories: Banking & Fintech
Companies:
Countries: World
This article is part of category

Banking & Fintech