Clarivate

Last updated

Clarivate Plc
FormerlyClarivate Analytics
Company type Public company
PredecessorThe Intellectual Property and Science business of Thomson Reuters
FoundedOctober 3, 2016;7 years ago (2016-10-03)
Headquarters Philadelphia, United States
London, United Kingdom
Key people
Jonathan Gear [1]
Services
RevenueIncrease2.svg US$2.66 billion (2022)
Decrease2.svg –US$3.9 billion (2022)
Decrease2.svg –US$4.0 billion (2022)
Total assets Decrease2.svg US$13.9 billion (2022)
Total equity Decrease2.svg US$6.81 billion (2022)
Number of employees
11,600 (2022)
Subsidiaries ProQuest
Website clarivate.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.

Contents

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 (formerly CPA Global) 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

As of 2023, 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, becomes the new Chair effective from that date. The Board has appointed Stead as Chairman Emeritus upon his Board retirement. [1]

Acquisitions

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. Until 1997, it was originally produced by the Institute for Scientific Information. [33]

The Web of Science Core Collection consists of six online indexing databases: [34] [35]

  • 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 [36]
  • 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 [37]
  • 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 [38]
  • 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 [39]
  • Book Citation Index (BCI) covers more than 116,000 editorially selected books. Coverage is from 2005 to present, with over 53.2 million records [40]
  • Conference Proceedings Citation Index (CPCI) covers more than 205,000 conference proceedings. Coverage is from 1990 to present, with over 70.1 million records [41]

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. [42]

Cortellis

Cortellis comprises life science-related intelligence services used to inform decision making across the drug and device development lifecycle, [43] including:

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. [44] [45]

Other database products and services used for searching and analyzing patents; IP administration and prosecution support services to support the IP lifecycle [46] include:

CompuMark

Information services used by brand and trademark professionals to evaluate new potential trademarks and monitor existing trademarks for infringement, [47] including:

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. [48]

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." [49] 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. [50]

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. [51] [52] [53]

From 2002 to 2020, 59 individuals listed as Citation Laureates have received Nobel prizes. [54]

Journal Citation Reports

This paragraph is an excerpt from Journal Citation Reports.[ edit ]
Journal Citation Reports (JCR) is an annual publication by Clarivate. [55] 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 . [56] As of the 2023 edition, journals from the Arts and Humanities Citation Index and the Emerging Sources Citation Index have also been included. [57]

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. [58]

See also

Related Research Articles

<span class="mw-page-title-main">ProQuest</span> Distributor of eBooks and digital media

ProQuest LLC is an Ann Arbor, Michigan-based global information-content and technology company, founded in 1938 as University Microfilms by Eugene Power.

The Institute for Scientific Information (ISI) was an academic publishing service, founded by Eugene Garfield in Philadelphia in 1956. ISI offered scientometric and bibliographic database services. Its specialty was citation indexing and analysis, a field pioneered by Garfield.

<span class="mw-page-title-main">Eugene Garfield</span> American linguist and businessman (1925–2017)

Eugene Eli Garfield was an American linguist and businessman, one of the founders of bibliometrics and scientometrics. He helped to create Current Contents, Science Citation Index (SCI), Journal Citation Reports, and Index Chemicus, among others, and founded the magazine The Scientist.

The Science Citation Index Expanded is a citation index originally produced by the Institute for Scientific Information (ISI) and created by Eugene Garfield.

Thomson Scientific was one of the six strategic business units of The Thomson Corporation, beginning in 2007, after being separated from Thomson Scientific & Healthcare. Following the merger of Thomson with Reuters Group to form Thomson Reuters in 2008, it became the "Scientific" business unit of the new company. In 2009, the unit came together with the Healthcare division of Thomson Reuters to form the Healthcare & Science division. The healthcare business was sold in 2012 to become Truven Health Analytics. The Science unit of Thomson Reuters provided information services for the academic, business, and R&D communities. It had headquarters in Philadelphia, London, Singapore and Tokyo with about 2,400 staff in more than 20 countries. Its products were Aureka, Delphion, Cortellis, Derwent World Patents Index (DWPI), EndNote, Horizon Global, Horizon Sourcing, IDdb, IDRAC, IP Management Services, ISI Web of Knowledge, MicroPatent PatentWeb, Techstreet Industry Standards, ThomsonPharma, GeneGo, IDDB, Thomson Regulatory Solutions, and Web of Science.

<span class="mw-page-title-main">Thomson Reuters</span> Canadian multinational information conglomerate

Thomson Reuters Corporation is a Canadian multinational information conglomerate. The company was founded in Toronto, Ontario, Canada and maintains its headquarters at 19 Duncan Street there.

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

<span class="mw-page-title-main">Web of Science</span> Online subscription index of citations

The Web of Science is a paid-access platform that provides access to multiple databases that provide reference and citation data from academic journals, conference proceedings, and other documents in various academic disciplines. Until 1997, it was originally produced by the Institute for Scientific Information. It is currently owned by Clarivate.

The Journal of Public Economic Theory is a fully peer-reviewed academic journal of public economic theory published by Wiley-Blackwell. It covers public economic theory and general economics, including public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems. The editors are Rabah Amir, Helmuth Cremer, and Myrna Holtz Wooders.

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.

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. MarkMonitor also develops and publishes reports on the prevalence of brand abuse on the Internet.

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. The list of awardees is announced annually prior to the Nobel Prize ceremonies of that year. In October 2016, Thomson Reuters Intellectual Property and Science Business was acquired by Onex and Baring Asia and the newly independent company was named as Clarivate.

<span class="mw-page-title-main">Entagen</span> American software company

Entagen is an American software company founded in 2008 by Christopher Bouton. It develops software for big data integration and analytics. Entagen was purchased by Thomson Reuters in 2013.

<i>Energy Technology</i> (journal) Academic journal

Energy Technology is a monthly peer-reviewed scientific journal covering applied energy research. It was established in 2013 and is published by Wiley-VCH.

Patent analysis is the process of analyzing patent documents and other information from the patent lifecycle. Patent analysis is used to obtain deeper insights into different technologies and innovation. Other terms are sometimes used as synonyms for patent analytics: patent landscaping, patent mapping, or cartography. However, there is no harmonized terminology in different languages, including in French and Spanish, while in some languages terms are borrowed from other languages. Patent analytics encompasses the analysis of patent data, analysis of the scientific literature, data cleaning, text mining, machine learning, geographic mapping, and data visualisation.

References

  1. 1 2 "Jonathan Gear Assumes Chief Executive Officer Role for Clarivate with Jerre Stead Retirement". September 2022. Retrieved September 5, 2022.
  2. ↑ "Clarivate 2022 Annual Report (Form 10-K)". U.S Securities and Exchange Commission. March 1, 2023.
  3. 1 2 ""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". Clarivate. October 3, 2016. Retrieved April 26, 2023.
  7. ↑ Grant, Bob (July 15, 2016). "Web of Science sold for more than $3 billion". The Scientist Magazine. Retrieved June 29, 2018.
  8. ↑ "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.
  9. ↑ "Churchill Capital Corp Completes Merger with Clarivate Analytics Plc" (Press release). Clarivate Analytics. PR Newswire. October 3, 2016. Retrieved December 3, 2019.
  10. ↑ "Clarivate Plc (CLVT)". Yahoo Finance. Retrieved November 16, 2021.
  11. ↑ "Clarivate Plc to Change NYSE Ticker Symbol to "CLVT" on February 1, 2021". Clarivate. January 20, 2021. Retrieved April 27, 2021.
  12. ↑ 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.
  13. ↑ Brown, Lauren (April 19, 2023). "Clarivate names Veinstein as president of its Academia & Government arm". The Bookseller. Retrieved January 14, 2024.
  14. ↑ "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 ...
  15. ↑ 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.
  16. ↑ 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.
  17. ↑ "Clarivate names IHS Market exec as new boss as CEO Jerre Stead retires" . Retrieved September 5, 2022.
  18. ↑ "Clarivate Announces Retirement of Chief Executive Officer Jerre Stead and Appointment of Jonathan Gear as New CEO". July 11, 2022. Retrieved September 5, 2022.
  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. 1 2 Milliot, Jim (December 3, 2021). "Clarivate Completes ProQuest Acquisition". Publishers Weekly . Retrieved December 4, 2021.
  28. ↑ Milliot, Jim; Albanese, Andrew (May 17, 2021). "Clarivate to Buy ProQuest for $5.3 Billion". Publishers Weekly . Retrieved December 4, 2021.
  29. ↑ "Clarivate Successfully Completes Acquisition of ProQuest". December 2021. Retrieved December 1, 2021.
  30. ↑ "Clarivate Purchase of ProQuest Delayed" . Retrieved August 16, 2021.
  31. ↑ "New For-Profit Subsidiary of ASME Acquires Techstreet Standards Management Business from Clarivate - ASME" . Retrieved August 8, 2021.
  32. ↑ "Newfold Digital Completes Acquisition of MarkMonitor from Clarivate". www.newfold.com.
  33. ↑ "The History of ISI and the work of Eugene Garfield". Clarivate. Retrieved August 13, 2023.
  34. ↑ "Web of Science Databases". Clarivate. Retrieved August 24, 2018.
  35. ↑ "Web of Science fact book" (PDF). Clarivate. Archived from the original (PDF) on April 11, 2018. Retrieved August 24, 2018.
  36. ↑ "Science Citation Index Expanded". Web of Science Group. Retrieved January 26, 2022.
  37. ↑ "Social Sciences Citation Index". Web of Science Group. Retrieved January 26, 2022.
  38. ↑ "Arts & Humanities Citation Index". Web of Science Group. Retrieved January 26, 2022.
  39. ↑ "Emerging Sources Citation Index". Web of Science Group. Retrieved January 26, 2022.
  40. ↑ "Book Citation Index". Web of Science Group. Retrieved January 26, 2022.
  41. ↑ "Conference Proceedings Citation Index". Web of Science Group. Retrieved January 26, 2022.
  42. ↑ "Clarivate set to acquire Ann Arbor's ProQuest in $5.3 billion deal" (Press release). Retrieved January 22, 2022.
  43. ↑ "Cortellis Life Science Intelligence Solutions".
  44. ↑ http://www.stn-international.com web site, STN International: Derwent World Patents Index Archived 2012-01-28 at the Wayback Machine
  45. ↑ clarivate.com web site, Clarivate Analytics: Derwent World Patents Index
  46. ↑ "Home". Derwent.
  47. ↑ "Trademark research and protection that inspires confidence". CompuMark.
  48. ↑ "ScholarOne". Clarivate. Clarivate. Retrieved February 13, 2023.
  49. ↑ "Highly Cited Researchers". publons.com.
  50. ↑ "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.
  51. ↑ 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.
  52. ↑ "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.
  53. ↑ 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.
  54. ↑ "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.
  55. ↑ Ramakrishnan, RamaRavikumar. "LibGuides: Journal Citation Report : Getting Started: Home". libguides.ntu.edu.sg. Retrieved April 26, 2023.
  56. ↑ 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.
  57. ↑ Quaderi, Nandita (July 26, 2022). "Announcing changes to the 2023 Journal Citation Reports". Clarivate. Retrieved April 17, 2023.
  58. ↑ "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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