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Clarivate Plc
FormerlyClarivate Analytics
Company type
Public
PredecessorThe Intellectual Property and Science business of Thomson Reuters
FoundedOctober 3, 2016; 9 years ago (2016-10-03)
HeadquartersPhiladelphia, United States
London, United Kingdom
Key people
Matti Shem Tov[1]
Services
RevenueIncrease US$2.66 billion (2022)
Decrease –US$3.9 billion (2022)
Decrease –US$4.0 billion (2022)
Total assetsDecrease US$13.9 billion (2022)
Total equityDecrease US$6.81 billion (2022)
Number of employees
11,600 (2022)
SubsidiariesProQuest
Websiteclarivate.com
Footnotes / references
[2]

Clarivate Plc (Clarivate) is a British-American publicly traded analytics company operating 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, regulatory compliance, trademark protection, and domain and brand protection.[3] Clarivate calculates the impact factor of scientific journals[4] using data from its family of Web of Science products, including services and applications such as Publons, EndNote, and EndNote Click. Clarivate other product families are Cortellis, Decision Resources Group (DRG), CPA Global, Derwent, CompuMark, Darts-ip, and ProQuest.[3]

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

Company history

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Further information: Thomson Scientific

On July 11, 2016, Thomson Reuters a $3.55 billion sale of its Intellectual Property and Science business to private equity firms Onex Corporation and Baring Private Equity Asia.[6] The transaction was completed on October 4, 2016, and Clarivate Analytics became an independent company as a corporate spin-off.[7]

In May 2019, Clarivate merged with the Churchill Capital Corp SPAC to obtain a public listing on the New York Stock Exchange (NYSE),[8] trading under symbol CLVT.[9][10]

On March 11, 2022, Clarivate, which has an office in Odesa, Ukraine, announced it would cease all commercial activity in Russia following Russia's full-scale invasion of Ukraine on February 22, 2022.[11]

Operations

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As of 2023, Clarivate conducts operations through three strategic business units: Intellectual Property Group, Life Sciences & Healthcare Group, and Academic and Government Group, each led by a president.[12][13]

Clarivate has been criticized for anti-competitive practices in an already oligopolistic academic database market for increasing prices of acquired products, a lack of development and integration of acquired products, not developing its own products, outsourcing jobs from the US and UK to India, and for eliminating telephone support for many acquired products.[14][15]

Leadership Changes

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On July 11, 2022, Clarivate announced Jerre Stead's retirement and transition from Executive Chair and CEO to Non-Executive Chair. IHS Markit CFO Jonathan Gear joined Clarivate as CEO-elect on July 11, 2022, becoming CEO on September 1, 2022.[16][17]

On September 1, 2022, Clarivate announced Jerre Stead's retirement from the Board and appointment as Chair Emeritus effective October 20, 2022.[1] On August 6, 2024, Clarivate appointed former ProQuest CEO Matti Shem Tov as CEO.[18]

Acquisitions

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  • June 1, 2017: Publons, a platform for researchers to share recognition for peer review.[19]
  • April 10, 2018: Kopernio, AI startup providing capability to search for full-text versions of selected scientific journal articles.[20]
  • October 30, 2018: TrademarkVision, provider of Artificial Intelligence (AI) trademark research applications.[21]
  • September 9, 2019: SequenceBase, provider of patent sequence information and search technology for biotech, pharmaceutical, and chemical industries.[22]
  • December 2, 2019: Darts-ip, provider of case law data and analytics for intellectual property (IP) professionals.[23]
  • January 17, 2020: Decision Resources Group (DRG), a leading healthcare research and consulting company, providing high-value healthcare industry analysis and insights.[24]
  • June 22, 2020: CustomersFirst Now, provider of intellectual property (IP) software and tech-enabled services.[25]
  • October 1, 2020: CPA Global, intellectual property (IP) software and tech-enabled services provider.[26]
  • December 1, 2021: ProQuest, a software and data analytics provider to national academic and research institutions.[27]
  • March 21, 2024: MotionHall, a Silicon Valley start-up serving the life sciences with industry vertical AI solutions.
  • April 23, 2024: Global QMS, Inc., expanding Clarivate's Life Sciences & Healthcare segment into new markets.
  • July 22, 2024: Rowan TELS, enhancing support for patent practitioners.

Divestments

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Products and services

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Web of Science

[edit]
This paragraph is an excerpt from Web of Science.[edit]

The Web of Science (WoS; previously known as Web of Knowledge) is a paid-access platform that provides (typically via the internet) access to multiple databases that provide reference and citation data from academic journals, conference proceedings, and other documents in various academic disciplines.

The Web of Science Core Collection consists of six online indexing databases:[31][32]

  • Science Citation Index Expanded (SCIE), previously entitled Science Citation Index, covers more than 9,200 journals across 178 scientific disciplines. Coverage is from 1900 to present day, with over 53 million records[33]
  • Social Sciences Citation Index (SSCI) covers more than 3,400 journals in the social sciences. Coverage is from 1900 to present, with over 9.3 million records[34]
  • Arts & Humanities Citation Index (AHCI) covers more than 1,800 journals in the arts and humanities. Coverage is from 1975 to present, with over 4.9 million records[35]
  • Emerging Sources Citation Index (ESCI) covers more than 7,800 journals in all disciplines. Coverage is from 2005 to present, with over 3 million records[36]
  • Book Citation Index (BCI) covers more than 116,000 editorially selected books. Coverage is from 2005 to present, with over 53.2 million records[37]
  • Conference Proceedings Citation Index (CPCI) covers more than 205,000 conference proceedings. Coverage is from 1990 to present, with over 70.1 million records[38]

ProQuest

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Main article: 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.[39]

Cortellis

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Cortellis comprises of life science related intelligence services used to inform decision making across the drug and device development lifecycle,[40] including:

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

Derwent

[edit]
This paragraph is an excerpt from Derwent World Patents Index.[edit]

The Derwent World Patents Index (DWPI) is a database containing patent applications and grants from 44 of the world's patent issuing authorities.[41][42]

Other database products and services used for searching and analyzing patents; IP administration and prosecution support services to support the IP lifecycle[43] include:

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

CompuMark

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Information services used by brand and trademark professionals to evaluate new potential trademarks and monitor existing trademarks for infringement,[44] including:

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

ScholarOne

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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.[45] It was sold to the American software company Silverchair in 2024.[46][47][30]

Annual lists and reports

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Highly Cited Researchers

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Main article: Highly Cited Researchers program

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."[48] 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.[49]

Clarivate Citation Laureates

[edit]
These paragraphs are an excerpt from Clarivate Citation Laureates.[edit]

Clarivate Citation Laureates, formerly Thomson Reuters Citation Laureates, is a list of candidates considered likely to win the Nobel Prize in their respective field. The candidates are so named based on the citation impact of their published research. Thomson Reuters Citation Laureates was established in 1989. The list pertains to likely Nobel Prize winners in medicine, chemistry, physics, and economics. There appears to be a correlation between high citation rates for a published researcher and the award of prestigious accolades. Furthermore, citation rates disclose researchers furnishing instrumental contributions that advance the science of their respective field. Finally, choosing one tenth of one percent (0.1%) of the highest impact papers winnows the analysis to the topics and people most likely to be selected by Nobel selection committee.[50][51][52]

From 2002 to 2020, 59 individuals listed as Citation Laureates have received Nobel prizes.[53]

Journal Citation Reports

[edit]
This paragraph is an excerpt from Journal Citation Reports.[edit]

Journal Citation Reports (JCR) is an annual publication by Clarivate.[54] It has been integrated with the Web of Science and is accessed from the Web of Science Core Collection. It provides information about academic journals in the natural and social sciences, including impact factors. JCR was originally published as a part of the Science Citation Index. Into the 21st century, the JCR, as a distinct service, is based on citations compiled from the Science Citation Index Expanded and the Social Sciences Citation Index.[55] As of the 2023 edition, journals from the Arts and Humanities Citation Index and the Emerging Sources Citation Index have also been included.[56]

Top 100 Global Innovators Report

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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.[57]

See also

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References

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  1. ^ a b "Clarivate Appoints Former ProQuest CEO Matti Shem Tov as the Company's Next CEO" (Press release). August 2024. Retrieved September 18, 2024.
  2. ^ "Clarivate 2022 Annual Report (Form 10-K)". U.S Securities and Exchange Commission. March 1, 2023.
  3. ^ a b ""Clarivate Analytics: New Name, Established Products" by Ojala, Marydee – Online Searcher, Vol. 41, Issue 3, May–June 2017". Archived from the original on September 1, 2019.
  4. ^ O'Grady, Cathleen (June 30, 2021). "Journal impact factor gets a sibling that adjusts for scientific field". Science. Retrieved December 5, 2021.
  5. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed" (Press release). Clarivate Analytics. PR Newswire. October 3, 2016. Retrieved December 3, 2019.
  6. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed" (Press release). Clarivate Analytics. PR Newswire. October 3, 2016. Retrieved June 29, 2018.
  7. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science Business by Onex and Baring Asia Completed". Clarivate. October 3, 2016. Retrieved April 26, 2023.
  8. ^ "Churchill Capital Corp Completes Merger with Clarivate Analytics Plc" (Press release). Clarivate Analytics. PR Newswire. October 3, 2016. Retrieved December 3, 2019.
  9. ^ "Clarivate Plc (CLVT)". Yahoo Finance. Retrieved November 16, 2021.
  10. ^ "Clarivate Plc to Change NYSE Ticker Symbol to "CLVT" on February 1, 2021". Clarivate. January 20, 2021. Retrieved April 27, 2021.
  11. ^ Else, Holly (March 24, 2022). "Ukrainian researchers pressure journals to boycott Russian authors". Nature. 603 (7902): 559. Bibcode:2022Natur.603..559E. doi:10.1038/d41586-022-00718-y. PMID 35288680. S2CID 247452826.
  12. ^ Brown, Lauren (April 19, 2023). "Clarivate names Veinstein as president of its Academia & Government arm". The Bookseller. Retrieved January 14, 2024.
  13. ^ "Security Compliance". Clarivate. Retrieved January 14, 2024. The scope of the ISO/IEC 27001:2013 certification is limited to the information security management system (ISMS) supporting the systems, products and services provided by the Clarivate Intellectual Property Group (IPG), Life Sciences & Healthcare (LS&H) Group, and Academic and Government (A&G) Group ...
  14. ^ Pendlebury, David A. (2021). "1.3 Eugene Garfield and the Institute for Scientific Information". Handbook Bibliometrics. pp. 27–40. doi:10.1515/9783110646610-005. ISBN 978-3-11-064661-0. S2CID 235861751.
  15. ^ Schnell, Joshua D. (2017). "Web of Science: The First Citation Index for Data Analytics and Scientometrics". Research Analytics. pp. 15–30. doi:10.1201/9781315155890-2. ISBN 978-1-315-15589-0.
  16. ^ "Clarivate names IHS Market exec as new boss as CEO Jerre Stead retires". Retrieved September 5, 2022.
  17. ^ "Clarivate Announces Retirement of Chief Executive Officer Jerre Stead and Appointment of Jonathan Gear as New CEO". July 11, 2022. Retrieved September 5, 2022.
  18. ^ "NISO". Retrieved November 9, 2024.
  19. ^ Page, Benedicte. "Clarivate Analytics buys Publons". The Bookseller. Retrieved December 3, 2019.
  20. ^ "Clarivate Analytics Acquires Research Startup Kopernio to Accelerate Pace of Scientific Innovation" (Press release). Clarivate Analytics. PR Newswire. April 10, 2018. Retrieved December 3, 2019.
  21. ^ "Clarivate Analytics to enhance AI-driven trademark research solutions with TrademarkVision acquisition" (Press release). Clarivate Analytics. PR Newswire. October 30, 2018. Retrieved December 3, 2019.
  22. ^ "Clarivate Analytics acquires the SequenceBase business to expand its search and analysis capabilities for the life sciences IP market" (Press release). Clarivate Analytics. PR Newswire. September 9, 2019. Retrieved December 3, 2019.
  23. ^ "Clarivate Analytics has Acquired Leading Provider of Intellectual Property Case Law and Analytics Darts-ip" (Press release). Clarivate Analytics. PR Newswire. December 2, 2019. Retrieved December 3, 2019.
  24. ^ "Clarivate to acquire Decision Resources Group". Clarivate Analytics. January 17, 2020. Retrieved January 17, 2020.
  25. ^ "CustomersFirst Now, Now Part of Clarivate". CustomersFirst Now. June 22, 2020. Retrieved October 22, 2020.
  26. ^ "Clarivate Completes Acquisition of CPA Global to Form a Global Intellectual Property Powerhouse". Pr Newswire. October 1, 2020. Retrieved October 22, 2020.
  27. ^ Milliot, Jim (December 3, 2021). "Clarivate Completes ProQuest Acquisition". Publishers Weekly. Retrieved December 4, 2021.
  28. ^ "New For-Profit Subsidiary of ASME Acquires Techstreet Standards Management Business from Clarivate – ASME". Retrieved August 8, 2021.
  29. ^ "Newfold Digital Completes Acquisition of MarkMonitor from Clarivate". www.newfold.com.
  30. ^ a b "Silverchair ScholarOne Acquisition Resources". Silverchair (Official website). Retrieved January 10, 2025. On November 12, 2024, Silverchair closed our acquisition of ScholarOne Manuscripts and ScholarOne Conferences
  31. ^ "Web of Science Databases". Clarivate. Retrieved August 24, 2018.
  32. ^ "Web of Science fact book" (PDF). Clarivate. Archived from the original (PDF) on April 11, 2018. Retrieved August 24, 2018.
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  34. ^ "Social Sciences Citation Index". Web of Science Group. Retrieved January 26, 2022.
  35. ^ "Arts & Humanities Citation Index". Web of Science Group. Retrieved January 26, 2022.
  36. ^ "Emerging Sources Citation Index". Web of Science Group. Retrieved January 26, 2022.
  37. ^ "Book Citation Index". Web of Science Group. Retrieved January 26, 2022.
  38. ^ "Conference Proceedings Citation Index". Web of Science Group. Retrieved January 26, 2022.
  39. ^ "Clarivate set to acquire Ann Arbor's ProQuest in $5.3 billion deal" (Press release). Retrieved January 22, 2022.
  40. ^ "Cortellis Life Science Intelligence Solutions".
  41. ^ "Derwent World Patents Index (DWPI) - Worldwide Patent Search". Clarivate. Archived from the original on June 28, 2022. Retrieved August 4, 2021.
  42. ^ "STN International: Derwent World Patents Index (DWPI)". FIZ Karlsruhe. Archived from the original on March 8, 2009. Retrieved August 31, 2010.
  43. ^ "Home". Derwent.
  44. ^ "Trademark research and protection that inspires confidence". CompuMark.
  45. ^ "ScholarOne". Clarivate. Retrieved February 13, 2023.
  46. ^ Schonfeld, Roger C. (October 28, 2024). "Silverchair Buys ScholarOne from Clarivate". The Scholarly Kitchen.
  47. ^ "Thompson Street Portfolio Company Silverchair Announces Agreement to Acquire Scholarone". Business Wire (Press release). October 29, 2024. Retrieved January 10, 2025.
  48. ^ "Highly Cited Researchers". publons.com.
  49. ^ "Global Highly Cited Researchers 2019 list reveals top talent in the sciences and social sciences" (Press release). Clarivate Analytics. PR Newswire. November 19, 2019. Retrieved December 3, 2019.
  50. ^ Cressey, Daniel (September 22, 2010). "Nobel predictions proliferate". Nature News & Comment (News blog). Archived from the original on December 3, 2011. Retrieved September 9, 2011.
  51. ^ "Twenty-one 'Thomson Reuters Citation Laureates' Recognized for Their Contributions to the Advancement of Science". PR Newswire. Philadelphia and London: PR Newswire Association LLC. 2010. Retrieved September 8, 2011.
  52. ^ Pendlebury, David (2011). "The Methodology Behind the Predictions". Choosing Thomson Reuters Citation Laureates. Thomson Reuters. Archived from the original (Online access) on July 7, 2011. Retrieved September 8, 2011.
  53. ^ "Clarivate Repeats Nobel Laureate Prediction Success: Five 'Citation Laureates' Awarded 2020 Nobel Honors for Physics, Chemistry and Economics" (Press release). Clarivate. PR Newswire. October 13, 2020. Retrieved October 22, 2020.
  54. ^ Ramakrishnan, RamaRavikumar. "LibGuides: Journal Citation Report : Getting Started: Home". libguides.ntu.edu.sg. Retrieved April 26, 2023.
  55. ^ Garfield, Eugene (2007). "The evolution of the Science Citation Index" (PDF). International Microbiology. 10 (1): 65–69. doi:10.2436/20.1501.01.10. PMID 17407063.
    - "Overview". Journal Citation Reports. Thomson Reuters. 2010. Archived from the original on June 25, 2010. Retrieved June 25, 2010.
    - "About Us". Thomson Reuters. 2010. Archived from the original on January 1, 2011. Retrieved June 25, 2010.
    - Venkatraman, Archana (September 2009). "Journals cherish IF status symbol: but impact factor is not the only citation metric that matters". Information World Review: 7.
  56. ^ Quaderi, Nandita (July 26, 2022). "Announcing changes to the 2023 Journal Citation Reports". Clarivate. Retrieved April 17, 2023.
  57. ^ "New Clarivate Analytics Report Reveals Emergence of Market Disrupters is Fragmenting Global Patent Landscape, Diluting Leading Innovators' Invention Market Share" (Press release). Clarivate Analytics. PR Newswire. February 19, 2020. Retrieved October 22, 2020.
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  • Business data for Clarivate: