Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc. (IDS), a provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash.
IDS will become an integral part of GRC’s Compliance Solutions business, a provider of compliance software for U.S. banks, lenders, credit unions, insurers and securities firms. The acquisition