CT TyMetrix Accelerates Growth in International Markets with Royal Bank of Canada Rollout

HARTFORD, Conn., March 24 /PRNewswire/ -- CT TyMetrix, part of CT, a Wolters Kluwer business and the premier provider of Web-based legal operations management solutions for corporate law departments and claims organizations, today announced that Royal Bank of Canada (NYSE: RY), the largest financial institution in Canada, has selected CT TyMetrix 360 as its global legal spend management platform.  This deployment comes on the heels of CT TyMetrix's recently announced integration with Royal Philips Electronics, further solidifying its position as the legal spend management standard for premier companies around the world.

RBC provides personal and commercial banking, wealth management services, insurance, corporate, investment banking and transaction processing services to clients on a global basis.  The company has more than 80,000 full and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the United States and 53 other countries worldwide.  Using CT TyMetrix 360, RBC will cut costs across several key practices of its law group while helping the company create optimal operating efficiencies.

"With our global platform and unrivaled Canadian market expertise, CT TyMetrix will help RBC manage its legal operations more efficiently and cost-effectively," said John Weber, general manager, CT TyMetrix.  "Working with a proven market leader like RBC serves as yet another example of our ability to meet the unique needs of the largest and most diverse international companies in the world."

With concentrated investments of tools and resources in the U.K., Europe and North America, CT TyMetrix is experiencing strong growth in each of these regions.  In the last year, the company has seen a threefold increase in new business as the result of winning some of Europe's leading companies.  Recently appointed managing director of CT TyMetrix Europe, Scott Walker, has overseen this growth by ensuring the solutions meet the latest regional market requirements.  CT TyMetrix 360 now boasts an array of valuable international capabilities for companies in Europe, including best practices in handling VAT billing and collection requirements, adherence to LEDES XML 2.0 regulations and new Credit Note functionality due out this Summer.

About CT TyMetrix

CT TyMetrix, part of CT, is the market leader in Web-based legal management solutions for corporate law departments and claims organizations.  It provides clients with quality legal management software – including e-billing, matter management and performance metrics – and the expertise required to reduce costs, improve results and gain the insight required to meet their strategic objectives.  CT TyMetrix is based in Hartford, Conn., with business operations in Chicago and London.  For more information, please visit www.cttymetrix.com or www.cttymetrix.co.uk.

CT, a Wolters Kluwer business, provides the tools to help legal and financial professionals manage risk on many levels.  From managing corporate compliance to legal department performance, trademark protection to matter management and electronic data discovery to preparing cases for litigation, CT has the right solution to meet a host of needs.  CT is based in New York.  For more information, please visit www.ctlegalsolutions.com.

About Wolters Kluwer

Wolters Kluwer is a leading global information services and publishing company.  The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors.  Wolters Kluwer had 2009 annual revenues of euro 3.4 billion, employs approximately 19,300 people worldwide and maintains operations in over 40 countries across Europe, North America, Asia Pacific and Latin America.  Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands.  Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.  Visit www.wolterskluwer.com for information about our market positions, customers, brands and organization.

SOURCE CT TyMetrix

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