Wolters Kluwer to Acquire Brightflag for €425 Million

May 29, 2025
Wolters Kluwer has announced its acquisition of Brightflag, a cloud-based AI legal software provider, for €425 million, enhancing its presence in the U.S. and Europe.

Wolters Kluwer has announced its acquisition of Brightflag, a cloud-based provider of AI-powered legal spend and matter management software, for approximately €425 million in cash. This acquisition, announced in a press release, aims to strengthen Wolters Kluwer's presence among mid-size corporations in the U.S. and Europe.

Founded in 2014, Brightflag offers an AI-powered legal operations platform designed to streamline matter management and control legal spend. The company, which has 155 full-time employees, will join Wolters Kluwer's Legal & Regulatory division. The acquisition is expected to be completed in June 2025, subject to customary closing conditions.

Brightflag's revenues increased by 36% in 2024, reaching approximately €22 million, with a significant portion of its revenue being recurring and primarily from U.S. customers. The acquisition is projected to achieve a return on invested capital at or above Wolters Kluwer's after-tax weighted average cost of capital in its fifth year of ownership.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Legal AI Weekly, AI Programming Weekly or Daily AI Brief.

Also, consider following us on social media:

Legal AI AI Brief AI Brief (X)
Free newsletter

Legal AI Weekly

The source for the Legal AI software news, analysis, emerging applications: contract review, e-discovery, research.

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.