5 Biggest SaaS Companies in Europe

4. Wolters Kluwer N.V. (AEX:WKL)

Market Cap as of August 9: $27.6B

Wolters Kluwer N.V. (AEX:WKL) is a Dutch information services company globally based in Alphen aan den Rijn, Netherlands. Founded through a merger between Kluwer Publishers and Wolters Samson in 1987, the company specializes in legal, business and tax accounting, finance, audit, risk, compliance and healthcare markets. Having more than 19,400 employees in over 150 companies worldwide, the company reported an annual revenue of $4.9 billion in the fiscal year of 2021.

According to a 2019 press release on their official website, Wolters Kluwer’s (AEX:WKL) Finance, Risk and Reporting (FRR) business launched a SaaS Regulatory Reporting solution, marking the first time the company’s OneSumX regulatory software was made available on the cloud. It offers the same functionality as the company’s on-premises product, combining bank data into a single source of data to ensure consistency, ease of reconciliation and accuracy. Furthermore, it includes subscription-based access to the company’s unique Regulatory Update Service which is maintained by Wolters Kluwer’s (AEX:WKL) experts, who actively monitor regulation in over 30 countries. It is a safe and protected platform which provides flexibility of infrastructure for banks which aspire to faster growth.

Furthermore, according to the press release, Wolters Kluwer (AEX:WKL) partnered with Microsoft Azure as part of their SaaS launch to “deliver premium and secure hosting services to its clients, with full platform management service by Wolters Kluwer FRR along with ongoing software upgrades, testing and fixes deployment services.” Today, more than 77% of Wolters Kluwer’s (AEX:WKL) 2021 revenue came from its online SaaS model, making it one of the largest SaaS providers in Europe.