Wolters Kluwer Legal & Regulatory, a subsidiary of Wolters Kluwer (OTCPK:WTKWY), has reached an agreement to acquire Brightflag. Brightflag is a provider of cloud-based, AI-powered legal spend and matter management software. The acquisition, valued at €425 million, will be conducted as an all-cash transaction. This strategic move is set to enhance Wolters Kluwer’s position in the legal technology market.