Wolters Kluwer Financial Services has acquired substantially all of the assets of Austin, Texas-based Stormwater Research Group, a provider of flood compliance solutions.
The acquisition will allow Wolters Kluwer Financial Services to expand its presence in the flood determination segment of the lending industry. Stormwater's offerings include loan flood determination services and regulatory consulting services.
"Both companies share a commitment to offering trusted solutions and exceptional service, and I am confident the transition for Stormwater's existing customers will be seamless," comments Brian Longe, president and CEO for Wolters Kluwer Financial Services.
Terms of the agreement have not been released.