Clarivate Plc is a British-American

publicly traded A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns toward effective decision-making. It ...

company that operates a collection of subscription-based services, in the areas of

bibliometrics Bibliometrics is the use of statistical methods to analyse books, articles and other publications, especially in regard with scientific contents. Bibliometric methods are frequently used in the field of library and information science. Biblio ...

and

scientometrics Scientometrics is the field of study which concerns itself with measuring and analysing scholarly literature. Scientometrics is a sub-field of informetrics. Major research issues include the measurement of the impact of research papers and academi ...

;

business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...

market intelligence Market intelligence (MI) is gathering and analyzing information relevant to a company's market - trends, competitor and customer (existing, lost and targeted) monitoring. It is a subtype of competitive intelligence (CI), which is data and infor ...

, and competitive profiling for pharmacy and

biotech Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

patents A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

, and

regulatory compliance In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to the deterrence theory, according to which punishing a behavior will decrease the viol ...

;

trademark A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from others ...

protection, and

domain Domain may refer to: Mathematics *Domain of a function, the set of input values for which the (total) function is defined **Domain of definition of a partial function **Natural domain of a partial function **Domain of holomorphy of a function * Do ...

and

brand A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create an ...

protection. In the academy and the scientific community, Clarivate is known for being the company which calculates the

impact factor The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as i ...

, using data from its Web of Science product family, that also includes services/applications such as

Publons Publons was a commercial website that provided a free service for academics to track, verify, and showcase their peer review and editorial contributions for academic journals. It was launched in 2012 and was bought by Clarivate in 2017. It claime ...

EndNote A note is a string of text placed at the bottom of a page in a book or document or at the end of a chapter, volume, or the whole text. The note can provide an author's comments on the main text or citations of a reference work in support of th ...

EndNote Click EndNote Click (formerly Kopernio) is a freely available plugin allowing researchers to access papers in subscription-based scientific journals, to which they are subscribed through their higher education libraries, even when the user is off-camp ...

, and ScholarOne. Its other product families are Cortellis, DRG, CPA Global, Derwent,

MarkMonitor MarkMonitor Inc. is an American software company founded in 1999. It develops software intended to protect corporate brands from Internet counterfeiting, fraud, piracy, and cybersquatting. It also develops and publishes reports on the prevalence ...

, CompuMark, and Darts-ip, and also the various

ProQuest ProQuest LLC is an Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene B. Power. ProQuest is known for its applications and information services for libraries, provid ...

products and services. Clarivate was formed in 2016, following the acquisition of

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...

' Intellectual Property and Science Business by

Onex Corporation Onex Corporation is an investment manager founded in 1984. The firm manages capital on behalf of Onex shareholders, institutional investors and high net worth clients around the world. As of September 30, 2022, Onex had approximately US$47.2 ...

and

Baring Private Equity Asia BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an Asian private equity firm. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022 it was acquired by EQT Partners to act as its Asian inve ...

. Clarivate has been growing fast by numerous acquisitions: in the 5 years since its incorporation Clarivate bought over a dozen companies in the information service industry (see below). Despite raising

anti-monopoly ''Anti-Monopoly'' is a board game made by San Francisco State University Professor Ralph Anspach in response to ''Monopoly''. The idea of an anti-monopoly board game dates to 1903 and the original Monopoly created by Lizzie Magie. Background ...

concerns, in some cases Clarivate acquired companies that were direct competitors of each other. Perhaps the most notable example of this was the purchase of

for $5.3 billion in December 2021, that was a competitor of the Web of Science (owned by Clarivate since 2017). Clarivate reported its

gross profit margin Gross margin is the difference between revenue and cost of goods sold (COGS), divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold (e. g. production ...

as 64% (in 2019) and its

EBIDTA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...

profit margin as 45% (in 2021), which places it in the range of entertainment software and tobacco industries, and ahead of pharmaceutical, oil/gas and cell phone industries. Clarivate has been criticized for its anti-competitive practices in a highly oligopolistic

academic database A bibliographic database is a database of bibliographic records, an organized digital collection of references to published literature, including journal and newspaper articles, conference proceedings, reports, government and legal publications, p ...

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 USA and UK to India, and for eliminating telephone support for many of the acquired products.

Company history

Clarivate (formerly Clarivate Analytics) was formerly the Intellectual Property and Science division of

. 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

and

. In May 2019, Clarivate merged with the

Churchill Capital Corp Sir Winston Leonard Spencer Churchill (30 November 187424 January 1965) was a British statesman, soldier, and writer who served as Prime Minister of the United Kingdom twice, from 1940 to 1945 Winston Churchill in the Second World War, dur ...

SPAC to obtain a public listing on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

(NYSE) It currently trades with symbol NYSE:CLVT. After the

2022 Russian invasion of Ukraine On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An ...

, on March 11, 2022, Clarivate, that has an office in

Odessa Odesa (also spelled Odessa) is the third most populous city and municipality in Ukraine and a major seaport and transport hub located in the south-west of the country, on the northwestern shore of the Black Sea. The city is also the administrativ ...

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

announced that it would cease all commercial activity in Russia.

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 IHS Markit Ltd was an information services provider that completed a merger with S&P Global in 2022. Headquartered in London, it was formed in 2016 with the merger of IHS Inc. and Markit Ltd. History IHS Information Handling Services (IHS) "was ...

, 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 will retire from the Board on October 20, 2022, at which date Andrew Snyder, CEO of Cambridge Information Group and Vice Chairman of Clarivate, becomes the new Chair effective from that date. The Board has appointed Mr. Stead as Chairman Emeritus upon his Board retirement.

Acquisitions

* June 1, 2017:

, 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 SequenceBase is a privately held company, is an international patent sequence information provider with headquarters located in Edison, NJ, USA. SequenceBase develops and markets the SequenceBase Research Portal to the biotechnology, legal, pharma ...

, 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:

, software, data and analytics provider to academic, research and national institutions. It was acquired for $5.3 billion from

Cambridge Information Group Cambridge Information Group (CIG) is a privately held global investment firm focusing on information services, education and technology. It began as a firm providing services to academic publishers. It is headquartered in Bethesda, Maryland. As ...

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 The Scholarly Publishing and Academic Resources Coalition (SPARC) is an international alliance of academic and research libraries developed by the Association of Research Libraries in 1998 which promotes open access to scholarship. The coalition ...

, an advocacy group for open access to scholarship, voiced antitrust concerns. The acquisition had been delayed mid-year due to a

Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ov ...

antitrust probe.

Divestments

* November 2020: Clarivate sold its Techstreet division to a for-profit subsidiary of the

American Society of Mechanical Engineers The American Society of Mechanical Engineers (ASME) is an American professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing ...

. * November 2022: Clarivate divested

, an industry-leading enterprise-level provider of domain management solutions, to

Newfold Digital Endurance International Group (EIG) previously named BizLand was an IT services company specializing in web hosting. The company was founded in 1997 and was headquartered in Burlington, Massachusetts, USA.BIOSIS BIOSIS Previews is an English-language, bibliographic database service, with abstracts and citation indexing. It is part of ''Clarivate Analytics Web of Science'' suite. BIOSIS Previews indexes data from 1926 to the present. BIOSIS Previews i ...

and

The Zoological Record ''The Zoological Record'' (''ZR'') is an electronic index of zoological literature that also serves as the unofficial register of scientific names in zoology. It was started as a print publication in 1864 by the Zoological Society of London, a ...

, an electronic index of zoological literature that also serves as the unofficial register of scientific names in

zoology Zoology ()The pronunciation of zoology as is usually regarded as nonstandard, though it is not uncommon. is the branch of biology that studies the Animal, animal kingdom, including the anatomy, structure, embryology, evolution, Biological clas ...

. Web of Science includes other products providing data, analytics, insights, workflow tools, and professional services to researchers, universities, research institutions, governments, private and public research funding organizations, publishers, and research-intensive corporations. * InCites * Journal Citation Reports * Essential Science Indicators * ScholarOne * Converis

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 Innovative Interfaces, Inc. (abbreviated III and called "Innovative" or "Triple I" in the industry) is a software company specializing in integrated systems for library management. Their key products include Sierra, Polaris, Millennium, and Vi ...

: Vega, Sierra, Polaris, Millennium, and Virtua.

Cortellis

Cortellis comprises

life science Life is a quality that distinguishes matter that has biological processes, such as signaling and self-sustaining processes, from that which does not, and is defined by the capacity for growth, reaction to stimuli, metabolism, energy t ...

-related intelligence services used to inform decision making across the drug and device development lifecycle, 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 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, including: * SAEGIS®, online trademark screening * TM go365, self-service trademark research application * Full Search, analyst driven trademark searching * Watching, trademark protection

Annual lists and reports

Highly Cited Researchers

Clarivate publishes an annual

Highly Cited Researchers list High may refer to: Science and technology * Height * High (atmospheric), a high-pressure area * High (computability), a quality of a Turing degree, in computability theory * High (tectonics), in geology an area where relative tectonic uplift ...

. 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." 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.

Clarivate Citation Laureates

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

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.

References

External links

{{Contract research organization, state=collapsed Analytics companies Bibliometrics organisations Technology companies established in 2018 2018 establishments in the United States Companies based in Philadelphia Private equity portfolio companies Special-purpose acquisition companies