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Clarivate

Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business and market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection.[3] Clarivate calculates the impact factor of scientific journals,[4] using data from its Web of Science product family, that also includes services and applications such as Publons, EndNote, and EndNote Click. Its other product families are Cortellis, DRG, CPA Global, Derwent, CompuMark, and Darts-ip,[3] and also the various ProQuest products and services.

Clarivate was formed in 2016, following the acquisition of Thomson Reuters' Intellectual Property and Science business by Onex Corporation and Baring Private Equity Asia.[5] Clarivate has acquired various companies since then, including, notably, ProQuest in 2021.

Company history

Clarivate was formerly the Intellectual Property and Science division of Thomson Reuters. Before 2008, it was known as Thomson Scientific.[6] In 2016, Thomson Reuters struck a $3.55 billion deal in which they spun it off as an independent company, and sold it to private-equity firms Onex Corporation and Baring Private Equity Asia.[7][8]

In May 2019, Clarivate merged with the Churchill Capital Corp SPAC to obtain a public listing on the New York Stock Exchange (NYSE)[9] It currently trades with symbol NYSE:CLVT.[10][11]

After the 2022 Russian invasion of Ukraine, on March 11, 2022, Clarivate, which has an office in Odesa, Ukraine announced that it would cease all commercial activity in Russia.[12]

Operations

the company conducts operations through three strategic business units: Intellectual Property Group, Life Sciences & Healthcare Group, and Academic and Government Group, each led by a president.[13][14]

Clarivate has been criticized for its anti-competitive practices in a highly oligopolistic academic database market, for increasing the prices of the products it acquired, for the lack of further development and integration of the acquired products, for not developing its own products, for outsourcing jobs from the US and UK to India, and for eliminating telephone support for many of the acquired products.[15][16]

Leadership Changes

On July 11, 2022, Clarivate announced that Jerre Stead would retire from his role as Executive Chair and Chief Executive Officer to become Non-Executive Chair of the Board of Directors. On September 1, 2022, Jonathan Gear, previously Chief Financial Officer of IHS Markit, joined Clarivate on July 11, 2022, as CEO-elect, and became Chief Executive Officer on September 1, 2022.[17][18]

On September 1, 2022, Clarivate announced that Jerre Stead would retire from the Board on October 20, 2022, at which date Andrew Snyder, CEO of Cambridge Information Group and Vice Chairman of Clarivate, became the new Chair effective from that date. The Board has appointed Stead as Chairman Emeritus upon his Board retirement.[1] On August 6, 2024, Clarivate appointed former ProQuest CEO Matti Shem Tov as the Company's next CEO.[19]

Acquisitions

  • June 1, 2017: Publons, a platform for researchers to share recognition for peer review.[20]
  • April 10, 2018: Kopernio, AI-tech startup providing ability to search for full-text versions of selected scientific journal articles.[21]
  • October 30, 2018: TrademarkVision, provider of Artificial Intelligence (AI) trademark research applications.[22]
  • September 9, 2019: SequenceBase, provider of patent sequence information and search technology to the biotech, pharmaceutical and chemical industries.[23]
  • December 2, 2019: Darts-ip, provider of case law data and analytics for intellectual property (IP) professionals.[24]
  • January 17, 2020: Decision Resources Group (DRG), a leading healthcare research and consulting company, providing high-value healthcare industry analysis and insights.[25]
  • June 22, 2020: CustomersFirst Now, in intellectual property ("IP") software and tech-enabled services.[26]
  • October 1, 2020: CPA Global, intellectual property ("IP") software and tech-enabled services.[27]
  • December 1, 2021: ProQuest, software, data and analytics provider to academic, research and national institutions.[28] It was acquired for $5.3 billion from Cambridge Information Group in what was described as a "huge deal in the library and information publishing world". The company said that the operational concept behind the acquisition was integrating ProQuest's products and applications with Web of Science.[29] Chairman of ProQuest Andy Snyder became the vice chairman of Clarivate.[30] The Scholarly Publishing and Academic Resources Coalition, an advocacy group for open access to scholarship, voiced antitrust concerns.[28] The acquisition had been delayed mid-year due to a Federal Trade Commission antitrust probe.[31]
  • March 21, 2024, Clarivate informed about acquisition of MotionHall, a Silicon Valley technology start-up company serving the life sciences with industry vertical Artificial Intelligence (AI) solutions.
  • April 23, 2024, Clarivate acquired Global QMS, Inc., expanding Life Sciences & Healthcare segment into new markets.
  • July 22, 2024, Clarivate announced acquisition of Rowan TELS to enhance support for patent practitioners.

Divestments

  • November 2020: Clarivate sold its Techstreet division to a for-profit subsidiary of the American Society of Mechanical Engineers.[32]
  • November 2022: Clarivate divested MarkMonitor to Newfold Digital.[33] MarkMonitor registers the domains of Google, Microsoft, Amazon, Tencent, YouTube, Wikipedia, and eBay, among other companies. They provide domain management, brand protection, anti-piracy, and anti-fraud services.
  • April 2024: divestited Valipat
  • November 12, 2024: Clarivate sold ScholarOne to Silverchair.[34]

Products and services

Web of Science

ProQuest

As Clarivate acquired ProQuest, various products of ProQuest are being operated under Clarivate, which encompasses products that ProQuest had taken on relatively recently, through acquisitions of its own—notably those of Innovative Interfaces: Vega, Sierra, Polaris, Millennium, and Virtua.[35]

Cortellis

Cortellis comprises life science-related intelligence services used to inform decision making across the drug and device development lifecycle,[36] including:

  • Cortellis Regulatory Intelligence
  • Cortellis Competitive Intelligence
  • Cortellis Clinical Trials Intelligence
  • Cortellis Deals Intelligence
  • Cortellis Drug Discovery Intelligence
  • Cortellis Digital Health Intelligence
  • MetaCore
  • Cortellis Generics Intelligence (formerly Newport)
  • Chemistry, Manufacturing and Controls (CMC) Intelligence
  • BioWorld

Derwent

Other database products and services used for searching and analyzing patents; IP administration and prosecution support services to support the IP lifecycle[37] include:

  • Derwent Innovation
  • Derwent SequenceBase
  • Derwent Data Analyzer
  • GENESEQ

CompuMark

Information services used by brand and trademark professionals to evaluate new potential trademarks and monitor existing trademarks for infringement,[38] including:

  • SAEGIS®, online trademark screening
  • TM go365, self-service trademark research application
  • Full Search, analyst driven trademark searching
  • Watching, trademark protection

ScholarOne

ScholarOne is a submission management system to allow an editor of an academic journal to manage electronic submission of authors' manuscripts for publication, to recruit reviewers of those manuscripts, to check authors' compliance with the journal's requirements, and to communicate with authors.[39] It was sold to the American software company Silverchair in 2024.[40][41][34]

Annual lists and reports

Highly Cited Researchers

Clarivate publishes an annual Highly Cited Researchers list. The list compiles "the world's most influential researchers of the past decade, demonstrated by the production of multiple highly-cited papers that rank in the top 1% by citations for field and year in Web of Science."[42] According to Clarivate, researchers are selected for their "exceptional performance" in one or more of 21 fields (those used in Clarivate Essential Science Indicators, or ESI) or across several fields. The 2019 list of Highly Cited Researchers was released on November 19, 2019.[43]

Clarivate Citation Laureates

From 2002 to 2020, 59 individuals listed as Citation Laureates have received Nobel prizes.[44]

Journal Citation Reports

Top 100 Global Innovators Report

The annual Top 100 Global Innovators report identifies the world's most innovative organizations. These businesses have successfully developed valuable patented inventions that also have strong commercialization potential based on market reach and impact on other downstream inventions. The 2020 Top 100 Global Innovators Report was released on February 19, 2020.[45]

See also

  • List of academic databases and search engines
  • Truven Health Analytics, another analytics company spun off from the Science and Healthcare unit of Thomson Reuters, later acquired by IBM
  • RELX, a company that operates Scopus, which competes with WoS

External links

References

  1. Clarivate Appoints Former ProQuest CEO Matti Shem Tov as the Company's Next CEO August 2024, retrieved 2024-09-18^
  2. Clarivate 2022 Annual Report (Form 10-K) U.S Securities and Exchange Commission, 1 March 2023^
  3. "Clarivate Analytics: New Name, Established Products" by Ojala, Marydee – Online Searcher, Vol. 41, Issue 3, May–June 2017^
  4. Cathleen O'Grady. Journal impact factor gets a sibling that adjusts for scientific field Science, 2021-06-30, retrieved 2021-12-05^
  5. Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed Clarivate Analytics, 2016-10-03, retrieved 2019-12-03^
  6. Acquisition of the Thomson Reuters Intellectual Property and Science Business by Onex and Baring Asia Completed Clarivate, 3 October 2016, retrieved 2023-04-26^
  7. Bob Grant. Web of Science sold for more than $3 billion The Scientist Magazine, 2016-07-15, retrieved 2018-06-29^
  8. Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed Clarivate Analytics, 2016-10-03, retrieved 2018-06-29^
  9. Churchill Capital Corp Completes Merger with Clarivate Analytics Plc Clarivate Analytics, 2016-10-03, retrieved 2019-12-03^
  10. Clarivate Plc (CLVT) Yahoo Finance, retrieved 2021-11-16^
  11. Clarivate Plc to Change NYSE Ticker Symbol to "CLVT" on February 1, 2021 Clarivate, 20 January 2021, retrieved 2021-04-27^
  12. Holly Else. Ukrainian researchers pressure journals to boycott Russian authors Nature, 24 March 2022^
  13. Lauren Brown. Clarivate names Veinstein as president of its Academia & Government arm The Bookseller, April 19, 2023, retrieved 14 January 2024^
  14. Security Compliance Clarivate, retrieved 14 January 2024^
  15. David A. Pendlebury. Handbook Bibliometrics 2021^
  16. Joshua D. Schnell. Research Analytics 2017^
  17. Clarivate names IHS Market exec as new boss as CEO Jerre Stead retires retrieved 2022-09-05^
  18. Clarivate Announces Retirement of Chief Executive Officer Jerre Stead and Appointment of Jonathan Gear as New CEO 11 July 2022, retrieved 2022-09-05^
  19. NISO retrieved 9 Nov 2024^
  20. Benedicte Page. Clarivate Analytics buys Publons The Bookseller, retrieved 2019-12-03^
  21. Clarivate Analytics Acquires Research Startup Kopernio to Accelerate Pace of Scientific Innovation Clarivate Analytics, 2018-04-10, retrieved 2019-12-03^
  22. Clarivate Analytics to enhance AI-driven trademark research solutions with TrademarkVision acquisition Clarivate Analytics, 2018-10-30, retrieved 2019-12-03^
  23. Clarivate Analytics acquires the SequenceBase business to expand its search and analysis capabilities for the life sciences IP market Clarivate Analytics, 2019-09-09, retrieved 2019-12-03^
  24. Clarivate Analytics has Acquired Leading Provider of Intellectual Property Case Law and Analytics Darts-ip Clarivate Analytics, 2019-12-02, retrieved 2019-12-03^
  25. Clarivate to acquire Decision Resources Group Clarivate Analytics, 2020-01-17, retrieved 2020-01-17^
  26. CustomersFirst Now, Now Part of Clarivate CustomersFirst Now, 2020-06-22, retrieved 2020-10-22^
  27. Clarivate Completes Acquisition of CPA Global to Form a Global Intellectual Property Powerhouse Pr Newswire, 2020-10-01, retrieved 2020-10-22^
  28. Jim Milliot. Clarivate Completes ProQuest Acquisition Publishers Weekly, 2021-12-03, retrieved 2021-12-04^
  29. Jim Milliot, Andrew Albanese. Clarivate to Buy ProQuest for $5.3 Billion Publishers Weekly, 2021-05-17, retrieved 2021-12-04^
  30. Clarivate Successfully Completes Acquisition of ProQuest December 2021, retrieved 2021-12-01^
  31. Clarivate Purchase of ProQuest Delayed retrieved 2021-08-16^
  32. New For-Profit Subsidiary of ASME Acquires Techstreet Standards Management Business from Clarivate – ASME retrieved 2021-08-08^
  33. Newfold Digital Completes Acquisition of MarkMonitor from Clarivate www.newfold.com^
  34. Silverchair ScholarOne Acquisition Resources Silverchair, retrieved 10 January 2025^
  35. Clarivate set to acquire Ann Arbor's ProQuest in $5.3 billion deal retrieved 2022-01-22^
  36. Cortellis Life Science Intelligence Solutions^
  37. Home Derwent^
  38. Trademark research and protection that inspires confidence CompuMark^
  39. ScholarOne Clarivate, retrieved 13 February 2023^
  40. Roger C. Schonfeld. Silverchair Buys ScholarOne from Clarivate The Scholarly Kitchen, 28 October 2024^
  41. Thompson Street Portfolio Company Silverchair Announces Agreement to Acquire Scholarone Business Wire, October 29, 2024, retrieved January 10, 2025^
  42. Highly Cited Researchers publons.com^
  43. Global Highly Cited Researchers 2019 list reveals top talent in the sciences and social sciences Clarivate Analytics, 2019-11-19, retrieved 2019-12-03^
  44. Clarivate Repeats Nobel Laureate Prediction Success: Five 'Citation Laureates' Awarded 2020 Nobel Honors for Physics, Chemistry and Economics Clarivate, 2020-10-13, retrieved 2020-10-22^
  45. New Clarivate Analytics Report Reveals Emergence of Market Disrupters is Fragmenting Global Patent Landscape, Diluting Leading Innovators' Invention Market Share Clarivate Analytics, 2020-02-19, retrieved 2020-10-22^