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Clarivate Plc
FormerlyClarivate Analytics
Company typePublic company
PredecessorThe Intellectual Property and Science business of Thomson Reuters
FoundedOctober 3, 2016; 8 years ago (2016-10-03)
HeadquartersPhiladelphia, United States
London, United Kingdom
Key people
Jonathan Gear[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 is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business / market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection.[3] In the academy and the scientific community, Clarivate is known for being the company which calculates the impact factor,[4] using data from its Web of Science product family, that also includes services/applications such as Publons, EndNote, EndNote Click, and ScholarOne. Its other product families are Cortellis, DRG, CPA Global, Derwent, MarkMonitor, 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 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 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 ProQuest for $5.3 billion in December 2021, that was a competitor of the Web of Science (owned by Clarivate since 2017).[6]

Company history

Further information: Thomson Scientific

Clarivate (formerly CPA Global) was formerly the Intellectual Property and Science division of Thomson Reuters. Before 2008, it was known as Thomson Scientific.[7] 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.[8][9]

In May 2019, Clarivate merged with the Churchill Capital Corp SPAC to obtain a public listing on the New York Stock Exchange (NYSE)[10] It currently trades with symbol NYSE:CLVT.[11][12]

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.[13]

Operations

Clarivate reported its gross profit margin as 64% (in 2019) [14] and its EBIDTA profit margin as 45% (in 2021),[15] which places it in the range of entertainment software and tobacco industries, and ahead of pharmaceutical, oil/gas and cell phone industries.[16] 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.[17][18]

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.[19] [20]

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, becomes the new Chair effective from that date. The Board has appointed Mr. Stead as Chairman Emeritus upon his Board retirement.[1]

Acquisitions

  • June 1, 2017: Publons, a platform for researchers to share recognition for peer review.[21]
  • April 10, 2018: Kopernio, AI-tech startup providing ability to search for full-text versions of selected scientific journal articles.[22]
  • October 30, 2018: TrademarkVision, provider of Artificial Intelligence (AI) trademark research applications.[23]
  • September 9, 2019: SequenceBase, provider of patent sequence information and search technology to the biotech, pharmaceutical and chemical industries.[24]
  • December 2, 2019: Darts-ip, provider of case law data and analytics for intellectual property (IP) professionals.[25]
  • January 17, 2020: Decision Resources Group (DRG), a leading healthcare research and consulting company, providing high-value healthcare industry analysis and insights.[26]
  • June 22, 2020: CustomersFirst Now, in intellectual property (“IP”) software and tech-enabled services.[27]
  • October 1, 2020: CPA Global, intellectual property (“IP”) software and tech-enabled services.[28]
  • December 1, 2021: ProQuest, software, data and analytics provider to academic, research and national institutions.[29] 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.[30] Chairman of ProQuest Andy Snyder became the vice chairman of Clarivate.[31] The Scholarly Publishing and Academic Resources Coalition, an advocacy group for open access to scholarship, voiced antitrust concerns.[29] The acquisition had been delayed mid-year due to a Federal Trade Commission antitrust probe.[32]

Divestments

Products and services

Web of Science

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:[35][36]

  • 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[37]
  • 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[38]
  • 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[39]
  • 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[40]
  • Book Citation Index (BCI) covers more than 116,000 editorially selected books. Coverage is from 2005 to present, with over 53.2 million records[41]
  • Conference Proceedings Citation Index (CPCI) covers more than 205,000 conference proceedings. Coverage is from 1990 to present, with over 70.1 million records[42]

ProQuest

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.[43]

Cortellis

Cortellis comprises life science-related intelligence services used to inform decision making across the drug and device development lifecycle,[44] 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

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.[45][46]

Other database products and services used for searching and analyzing patents; IP administration and prosecution support services to support the IP lifecycle[47] 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,[48] 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.[49]

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."[50] 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.[51]

Clarivate Citation Laureates

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.[52][53][54]

From 2002 to 2020, 59 individuals listed as Citation Laureates have received Nobel prizes.[55]

Journal Citation Reports

This paragraph is an excerpt from Journal Citation Reports.[edit]
Journal Citation Reports (JCR) is an annual publication by Clarivate.[56] 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. Currently, the JCR, as a distinct service, is based on citations compiled from the Science Citation Index Expanded and the Social Sciences Citation Index.[57] As of the 2023 edition, journals from the Arts and Humanities Citation Index and the Emerging Sources Citation Index have also been included.[58]

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.[59]

See also

References

  1. ^ a b "Jonathan Gear Assumes Chief Executive Officer Role for Clarivate with Jerre Stead Retirement". September 2022. Retrieved 2022-09-05.
  2. ^ "Clarivate 2022 Annual Report (Form 10-K)". U.S Securities and Exchange Commission. 1 March 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 2019-09-01.
  4. ^ O'Grady, Cathleen (2021-06-30). "Journal impact factor gets a sibling that adjusts for scientific field". Science. Retrieved 2021-12-05.
  5. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed" (Press release). Clarivate Analytics. PR Newswire. 2016-10-03. Retrieved 2019-12-03.
  6. ^ "Mergers, acquisitions, and my tinfoil hat". August 16, 2021.
  7. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science Business by Onex and Baring Asia Completed". Clarivate. 3 October 2016. Retrieved 2023-04-26.
  8. ^ Grant, Bob (2016-07-15). "Web of Science sold for more than $3 billion". The Scientist Magazine. Retrieved 2018-06-29.
  9. ^ "Acquisition of the Thomson Reuters Intellectual Property and Science business by Onex and Baring Asia completed" (Press release). Clarivate Analytics. PR Newswire. 2016-10-03. Retrieved 2018-06-29.
  10. ^ "Churchill Capital Corp Completes Merger with Clarivate Analytics Plc" (Press release). Clarivate Analytics. PR Newswire. 2016-10-03. Retrieved 2019-12-03.
  11. ^ "Clarivate Plc (CLVT)". Yahoo Finance. Retrieved 2021-11-16.
  12. ^ "Clarivate Plc to Change NYSE Ticker Symbol to "CLVT" on February 1, 2021". Clarivate. 20 January 2021. Retrieved 2021-04-27.
  13. ^ Else, Holly (24 March 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.
  14. ^ ""Clarivate Income Statement"".
  15. ^ "Clarivate to Acquire ProQuest". about.proquest.com.
  16. ^ ""Margins by Sector (US)"". Archived from the original on 2022-01-27. Retrieved 2022-01-22.
  17. ^ 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.
  18. ^ 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.
  19. ^ "Clarivate names IHS Market exec as new boss as CEO Jerre Stead retires". Retrieved 2022-09-05.
  20. ^ "Clarivate Announces Retirement of Chief Executive Officer Jerre Stead and Appointment of Jonathan Gear as New CEO". 11 July 2022. Retrieved 2022-09-05.
  21. ^ Page, Benedicte. "Clarivate Analytics buys Publons". The Bookseller. Retrieved 2019-12-03.
  22. ^ "Clarivate Analytics Acquires Research Startup Kopernio to Accelerate Pace of Scientific Innovation" (Press release). Clarivate Analytics. PR Newswire. 2018-04-10. Retrieved 2019-12-03.
  23. ^ "Clarivate Analytics to enhance AI-driven trademark research solutions with TrademarkVision acquisition" (Press release). Clarivate Analytics. PR Newswire. 2018-10-30. Retrieved 2019-12-03.
  24. ^ "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. 2019-09-09. Retrieved 2019-12-03.
  25. ^ "Clarivate Analytics has Acquired Leading Provider of Intellectual Property Case Law and Analytics Darts-ip" (Press release). Clarivate Analytics. PR Newswire. 2019-12-02. Retrieved 2019-12-03.
  26. ^ "Clarivate to acquire Decision Resources Group". Clarivate Analytics. 2020-01-17. Retrieved 2020-01-17.
  27. ^ "CustomersFirst Now, Now Part of Clarivate". CustomersFirst Now. 2020-06-22. Retrieved 2020-10-22.
  28. ^ "Clarivate Completes Acquisition of CPA Global to Form a Global Intellectual Property Powerhouse". Pr Newswire. 2020-10-01. Retrieved 2020-10-22.
  29. ^ a b Milliot, Jim (2021-12-03). "Clarivate Completes ProQuest Acquisition". Publishers Weekly. Retrieved 2021-12-04.
  30. ^ Milliot, Jim; Albanese, Andrew (2021-05-17). "Clarivate to Buy ProQuest for $5.3 Billion". Publishers Weekly. Retrieved 2021-12-04.
  31. ^ "Clarivate Successfully Completes Acquisition of ProQuest". December 2021. Retrieved 2021-12-01.
  32. ^ "Clarivate Purchase of ProQuest Delayed". Retrieved 2021-08-16.
  33. ^ "New For-Profit Subsidiary of ASME Acquires Techstreet Standards Management Business from Clarivate - ASME". Retrieved 2021-08-08.
  34. ^ "Newfold Digital Completes Acquisition of MarkMonitor from Clarivate". www.newfold.com.
  35. ^ "Web of Science Databases". Clarivate. Retrieved August 24, 2018.
  36. ^ "Web of Science fact book" (PDF). Clarivate. Archived from the original (PDF) on 2018-04-11. Retrieved August 24, 2018.
  37. ^ "Science Citation Index Expanded". Web of Science Group. Retrieved 2022-01-26.
  38. ^ "Social Sciences Citation Index". Web of Science Group. Retrieved 2022-01-26.
  39. ^ "Arts & Humanities Citation Index". Web of Science Group. Retrieved 2022-01-26.
  40. ^ "Emerging Sources Citation Index". Web of Science Group. Retrieved 2022-01-26.
  41. ^ "Book Citation Index". Web of Science Group. Retrieved 2022-01-26.
  42. ^ "Conference Proceedings Citation Index". Web of Science Group. Retrieved 2022-01-26.
  43. ^ "Clarivate set to acquire Ann Arbor's ProQuest in $5.3 billion deal" (Press release). Retrieved 2022-01-22.
  44. ^ "Cortellis Life Science Intelligence Solutions".
  45. ^ "Derwent World Patents Index (DWPI) - Worldwide Patent Search". Clarivate. Archived from the original on 2022-06-28. Retrieved 2021-08-04.
  46. ^ "STN International: Derwent World Patents Index (DWPI)". FIZ Karlsruhe. Archived from the original on 2009-03-08. Retrieved 2010-08-31.
  47. ^ "Home". Derwent.
  48. ^ "Trademark research and protection that inspires confidence". CompuMark.
  49. ^ "ScholarOne". Clarivate. Clarivate. Retrieved 13 February 2023.
  50. ^ "Highly Cited Researchers". publons.com.
  51. ^ "Global Highly Cited Researchers 2019 list reveals top talent in the sciences and social sciences" (Press release). Clarivate Analytics. PR Newswire. 2019-11-19. Retrieved 2019-12-03.
  52. ^ 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.
  53. ^ "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 2011-09-08.
  54. ^ Pendlebury, David (2011). "The Methodology Behind the Predictions". Choosing Thomson Reuters Citation Laureates. Thomson Reuters. Archived from the original (Online access) on 2011-07-07. Retrieved 2011-09-08.
  55. ^ "Clarivate Repeats Nobel Laureate Prediction Success: Five 'Citation Laureates' Awarded 2020 Nobel Honors for Physics, Chemistry and Economics" (Press release). Clarivate. PR Newswire. 2020-10-13. Retrieved 2020-10-22.
  56. ^ Ramakrishnan, RamaRavikumar. "LibGuides: Journal Citation Report : Getting Started: Home". libguides.ntu.edu.sg. Retrieved 2023-04-26.
  57. ^ 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 25 June 2010. Retrieved 25 June 2010.
    - "About Us". Thomson Reuters. 2010. Archived from the original on 1 January 2011. Retrieved 25 June 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.
  58. ^ Quaderi, Nandita (2022-07-26). "Announcing changes to the 2023 Journal Citation Reports". Clarivate. Retrieved 2023-04-17.
  59. ^ "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. 2020-02-19. Retrieved 2020-10-22.
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