Clarivate Plc provides transformative intelligence.
The company connects people and organizations to the intelligence they can trust to transform their perspective, their work, and the world. The company supports the entire innovation lifecycle, from cultivating curiosity to protecting the world’s critical intellectual property assets. It offers enriched data, insights & analytics, workflow solutions, and expert services to its customers in the Academia & Government, Intellectual Property, and...
Clarivate Plc provides transformative intelligence.
The company connects people and organizations to the intelligence they can trust to transform their perspective, their work, and the world. The company supports the entire innovation lifecycle, from cultivating curiosity to protecting the world’s critical intellectual property assets. It offers enriched data, insights & analytics, workflow solutions, and expert services to its customers in the Academia & Government, Intellectual Property, and Life Sciences & Healthcare end markets.
Enriched Data: Curated, up-to-date content collections validated by skilled data scientists and domain experts with real-world experience.
Insights & Analytics: Predictive analytics powered by a unique combination of AI-enabled software paired with human insights, developed and interpreted by PhD level experts.
Workflow Solutions: Automated, flexible software tools complemented by the company’s enriched data sets and expert analysis tailored to meet specific needs.
Expert Services: The company is home to industry specialists, consultants, and data scientists with deep subject-matter expertise and global experience.
The company’s solutions help its large, diverse, global customer base solve some of the world’s most complex challenges across the spectrum of research, knowledge, and innovation. More than 45,000 universities, non-profits, funding organizations, libraries, corporations, law firms, government organizations, and independent researchers trust the company to provide them with the right information at the right time to discover, protect, and commercialize new ideas. The company’s highly curated, proprietary suite of branded information and insights solutions, created through sourcing, aggregation, verification, translation, classification, and standardization processes, has resulted in its solutions providing a trusted foundation and quality user experience for its customers, as indicated by strong, consistent, annual customer renewal rates in excess of 90 percent.
The company provides solutions to its customers primarily through subscription arrangements and re-occurring contracts, which provide it with stable revenue and predictable cash flows. It also provides transactional offerings that are typically quoted on a product, data set, or project basis.
Subscription-Based Revenues: Recurring revenues that the company typically earns under annual contracts, pursuant to which it licenses the right to use its products to its customers or provides maintenance services over a contractual term.
Re-Occurring Revenues: Derived from the company’s patent and trademark maintenance services provided to its customers that are renewed regularly. The company’s services help customers maintain and protect their patents and trademarks in multiple jurisdictions around the world. Because of the re-occurring nature of the patent and trademark lifecycle, its customers engage the company to manage the renewal process on their behalf.
Transactional Revenues: Earned for specific deliverables that are typically quoted on a product, data set, or project basis. Transactional revenues include content sales (including single-document and aggregated collection sales), consulting engagements, and other professional services, such as software implementation services.
To catalyze its progress and future success, the company has developed and adopted a new value-creation plan with the following four initiatives: business model optimization; improved sales execution; accelerated innovation; and solutions rationalization.
Business Segments
The company has organized its business into the following three segments: Academia & Government (‘A&G’), Intellectual Property (‘IP’), and Life Sciences & Healthcare (‘LS&H’), based on the different products and services it offers and the markets it serves.
Academia & Government
The company’s A&G segment connects trusted content, responsible technology, and editorial expertise to fuel academic success and advance national outcomes. Within the A&G segment, it offers solutions in the following areas:
Scientific and Academic Research: The company connects data, solutions, and expertise so that research institutions can thrive. Universities, funders, and organizations rely on the company’s Web of Science collections and research tools (including its InCites Benchmarking & Analytics) throughout the research lifecycle to uncover new connections between ideas and detect emerging fields by searching journal, conference, and book content across more than 250 research areas, all seamlessly connected via citations.
Information Solutions: The company’s ProQuest One solutions provide access to multidisciplinary curated content across a variety of formats, including databases, dissertations, news, primary sources, books, and video. The company’s solutions help libraries support the research and learning objectives of their students, researchers, and faculty.
Library Software: The company is revolutionizing library technology through connection, collaboration, and innovation. It helps academic, government, and public and specialty libraries, as well as library consortia, modernize in support of the unique communities they serve. For academic libraries, the company’s Alma solution provides a proven, flexible, and unified library services platform for libraries to effectively manage their resources and unique materials. For public libraries, its Polaris and Vega offerings provide similar benefits.
Intellectual Property
The company’s IP segment provides intellectual property data, software, and expertise to help companies drive innovation, law firms achieve practice excellence, and organizations worldwide effectively manage and protect critical IP assets.
The company empowers customers to meet their unique goals with industry-leading data and human expertise trusted by innovative companies: more than 40 patent offices use the Derwent World Patent Index for their prior art examination; nine out of 10 of the most valuable brands trust the company with their trademark needs; more than 1,600 corporations and law firms use its IP management software; and it employs more than 2,000 IP service professionals.
Within the IP segment, the company offers solutions in the following areas:
IP Management Software: The company’s IP management software elevates operational performance and simplifies the process of managing valuable patent and brand asset portfolios. Its IPfolio management platform allows companies to efficiently and effectively secure, manage, and protect their IP assets through advanced workflow automation technology, superior data and analytics, and unparalleled industry expertise and support. The company’s FoundationIP solution provides similar benefits to law firms seeking to provide renewal and validation of IP rights on behalf of their customers.
Patent Services: The company provides patent maintenance and administrative services that deliver expertise and flexibility at scale to increase operational efficiency, decrease operational risks, and reduce the pressure on administrative support.
Patent Intelligence: The company’s patent intelligence offerings assist customers in creating, protecting, and commercializing innovation. Its Derwent Innovation patent search software helps patent professionals make faster, more confident patentability, freedom-to-operate, and validity decisions.
Brand IP Solutions: The company’s innovative brand IP solutions cover the entire brand lifecycle, including CompuMark trademark search solutions, as well as trademark watch and other managed services.
Life Sciences & Healthcare
The company’s LS&H segment empowers life sciences and healthcare organizations with the contextual intelligence needed to deliver safe, effective, and commercially successful treatments and solutions to patients faster. Its customers can make smart, patient-centric decisions and navigate roadblocks with the help of the company’s AI-powered intelligence platforms that are fueled by extensive and specialized therapeutic area data and contextualized insights. The company has more than 3,000 life sciences clients around the world, including many of the top pharmaceutical, medical device, and biotech companies.
Within the LS&H segment, the company offers solutions in the following areas:
Research and Development: The company’s Cortellis suite of products equips its customers with the intelligence needed to make decisions spanning the entire drug development lifecycle, including decisions related to assessing the market, analyzing competitors, regulatory compliance, and drug safety.
Commercial: The company’s products and services provide its clients with access to comprehensive, diverse data and advanced analytics designed to support successful product launches and maximize market uptake.
Medtech: The company provides clients with insights to boost portfolio value and growth, accelerate path to market, maximize commercial success, and, ultimately, improve patient outcomes.
History
The company was founded in 1864. It was incorporated in 2019. The company was formerly known as Clarivate Analytics Plc and changed its name to Clarivate Plc in 2020.