Transactions
July 17 2009
Axentis Acquired By Wolters Kluwer
Company Description
AXENTIS is a global leader of governance, risk and compliance (GRC) management solutions for highly regulated industries including life sciences, healthcare, financial services, energy, utilities, manufacturing, and others. AXENTIS’ risk-driven compliance approach helps organizations to effectively and consistently address internal and external risks associated with all legal, regulatory, and corporate mandates and policies with which they must comply, including established federal government standards for an effective compliance program. Founded in 1999, AXENTIS streamlines the implementation of effective enterprise GRC management by making its solutions available via a Software as a Service (SaaS) model.
Objectives
Given strong marketplace interest in GRC, AXENTIS’ management team and its investors selected TripleTree as its exclusive advisor to assess the merits of a strategic sale of its business. As a recognized leader in the GRC industry, AXENTIS received significant interest from traditional and non-traditional buyers across several functional domains.
Results
TripleTree helped AXENTIS navigate through numerous strategic options and ultimately decided on a strategic sale of its business. TripleTree’s industry recognized expertise in compliance, and on-demand delivery models brought marketplace perspectives on AXENTIS’ key value drivers and qualified considerable interest from a host of acquirers. Ultimately, AXENTIS signed a definitive agreement with Wolters Kluwer’s (AMS:WKL, WLSNc.AS) Tax and Accounting division, a leading provider of tax, accounting, audit, risk, and compliance software solutions, services and content service professionals worldwide under the CCH brand name. As a global leader of GRC management solutions for highly regulated industries like the life sciences, healthcare, financial services, utilities, and manufacturing, the acquisition of AXENTIS provides Wolters Kluwer’s Tax and Accounting with a strong compliance component in its audit, risk and compliance portfolio and offers the potential for a strongly competitive enterprise governance, risk and compliance platform. AXENTIS also offers a highly configurable technical infrastructure that Wolters Kluwer will leverage along with its wealth of content resources to provide a comprehensive suite of solutions including TeamMate for audit management, Sword for operational risk management, and MediRegs ComplyTrack Suite for compliance and incident management for hospitals.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
Scott Donahue
Company Description
AXENTIS is a global leader of governance, risk and compliance (GRC) management solutions for highly regulated industries including life sciences, healthcare, financial services, energy, utilities, manufacturing, and others. AXENTIS’ risk-driven compliance approach helps organizations to effectively and consistently address internal and external risks associated with all legal, regulatory, and corporate mandates and policies with which they must comply, including established federal government standards for an effective compliance program. Founded in 1999, AXENTIS streamlines the implementation of effective enterprise GRC management by making its solutions available via a Software as a Service (SaaS) model.
Objectives
Given strong marketplace interest in GRC, AXENTIS’ management team and its investors selected TripleTree as its exclusive advisor to assess the merits of a strategic sale of its business. As a recognized leader in the GRC industry, AXENTIS received significant interest from traditional and non-traditional buyers across several functional domains.
Results
TripleTree helped AXENTIS navigate through numerous strategic options and ultimately decided on a strategic sale of its business. TripleTree’s industry recognized expertise in compliance, and on-demand delivery models brought marketplace perspectives on AXENTIS’ key value drivers and qualified considerable interest from a host of acquirers. Ultimately, AXENTIS signed a definitive agreement with Wolters Kluwer’s (AMS:WKL, WLSNc.AS) Tax and Accounting division, a leading provider of tax, accounting, audit, risk, and compliance software solutions, services and content service professionals worldwide under the CCH brand name. As a global leader of GRC management solutions for highly regulated industries like the life sciences, healthcare, financial services, utilities, and manufacturing, the acquisition of AXENTIS provides Wolters Kluwer’s Tax and Accounting with a strong compliance component in its audit, risk and compliance portfolio and offers the potential for a strongly competitive enterprise governance, risk and compliance platform. AXENTIS also offers a highly configurable technical infrastructure that Wolters Kluwer will leverage along with its wealth of content resources to provide a comprehensive suite of solutions including TeamMate for audit management, Sword for operational risk management, and MediRegs ComplyTrack Suite for compliance and incident management for hospitals.
LEAD INVESTMENT BANKERS
Brian Klemenhagen
Scott Donahue
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