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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. The transaction was completed on October 4, 2016, and Clarivate Analytics became an independent company as a corporate spin-off.
In May 2019, Clarivate merged with the Churchill Capital Corp SPAC to obtain a public listing on the New York Stock Exchange (NYSE), trading under symbol CLVT.
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.
Operations
As of 2023, [update] 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.
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.
Leadership Changes
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.
On September 1, 2022, Clarivate announced Jerre Stead's retirement from the Board and appointment as Chair Emeritus effective October 20, 2022. On August 6, 2024, Clarivate appointed former ProQuest CEO Matti Shem Tov as CEO.
Acquisitions
June 1, 2017: Publons, a platform for researchers to share recognition for peer review.
April 10, 2018: Kopernio, AI startup providing capability 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, provider of patent sequence information and search technology for 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, provider of intellectual property (IP) software and tech-enabled services.
October 1, 2020: CPA Global, intellectual property (IP) software and tech-enabled services provider.
December 1, 2021: ProQuest, a software and data analytics provider to national academic and research institutions.
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
November 2020: Techstreet, to a subsidiary of American Society of Mechanical Engineers.
November 2022: MarkMonitor to Newfold Digital. MarkMonitor provided domain management, brand protection, anti-piracy, and anti-fraud services, and served as domain registrar for Google, Microsoft, Amazon, Tencent, YouTube, Wikipedia, and eBay.
April 2024: Valipat.
November 12, 2024: ScholarOne to Silverchair.