Wolters Kluwer Financial Services, Minneapolis, has acquired flood compliance solutions provider Stormwater Research Group, Austin, Tex. Terms of the agreement were not released. The deal allows WKFS to expand its presence in the flood determination field. Stormwater's products include basic and life of loan flood determination services. WKFS Settlement Services unit includes its own flood determination solution, PCi. Stormwater clients will get access to other PCi products including those that address compliance with the Community Reinvestment Act, the Home Mortgage Disclosure Act and other fair lending requirements. They will also have access to WKFS' financial crime control products plus an expanded suite of settlement services.
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