Clarivate was formerly the Intellectual Property and Science division of
Thomson Reuters. Before 2008, it was known as Thomson Scientific. 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. In May 2019, Clarivate merged with the Churchill Capital Corp
SPAC to obtain a public listing on the
New York Stock Exchange (NYSE) It currently trades with symbol NYSE:CLVT. 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.
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. 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.
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. 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.
Acquisitions • June 1, 2017:
Publons, a platform for researchers to share recognition for peer review. • April 10, 2018:
Kopernio, AI-tech startup providing ability to search for full-text versions of selected scientific journal articles. • October 30, 2018: TrademarkVision, provider of Artificial Intelligence (AI) trademark research applications. • September 9, 2019:
SequenceBase, provider of patent sequence information and search technology to the biotech, pharmaceutical and chemical industries. • December 2, 2019: Darts-ip, provider of case law data and
analytics for intellectual property (IP) professionals. • January 17, 2020: Decision Resources Group (DRG), a leading healthcare research and consulting company, providing high-value healthcare industry analysis and insights. • June 22, 2020: CustomersFirst Now, in intellectual property ("IP") software and tech-enabled services. • October 1, 2020: CPA Global, intellectual property ("IP") software and tech-enabled services. • December 1, 2021:
ProQuest, software, data and analytics provider to academic, research and national institutions. 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. Chairman of ProQuest Andy Snyder became the vice chairman of Clarivate. The
Scholarly Publishing and Academic Resources Coalition, an advocacy group for open access to scholarship, voiced
antitrust concerns. • 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. • November 2022: Clarivate divested
MarkMonitor to
Newfold Digital. 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. == Products and services ==