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Clarivate Reviews

London, England

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Clarivate Plc is a leading British-American publicly traded analytics company that provides transformative intelligence, enriched data, and workflow solutions. Established in its current form in 2016, the company was created following the acquisition of Thomson Reuters' Intellectual Property and Science business by Onex Corporation and Baring Private Equity Asia. Headquartered in London and Philadelphia, Clarivate is listed on the New York Stock Exchange under the ticker CLVT. The company operates through three primary strategic business units: Academia and Government, Life Sciences and Healthcare, and Intellectual Property. Clarivate's mission is to accelerate the pace of innovation by providing clarity and actionable insights to thousands of customers worldwide, including academic institutions, corporations, government organizations, and law firms. In the Academia and Government segment, Clarivate supports research excellence and student outcomes. Its portfolio includes the Web of Science, a premier scholarly and scientific research platform, and the Journal Citation Reports, which provides authoritative impact factors for scientific journals. The 2021 acquisition of ProQuest for $5.3 billion significantly expanded its reach, adding extensive scholarly content, dissertations, and the Alma and Primo library services platforms. The Life Sciences and Healthcare unit delivers data and analytics to help pharmaceutical, biotech, and medical technology companies bring treatments to patients faster. Key products include Cortellis, which provides intelligence across the drug development lifecycle, and Medtech 360 for market insights. The acquisition of Decision Resources Group (DRG) in 2020 further strengthened its healthcare analytics capabilities. The Intellectual Property segment focuses on the creation, management, and protection of IP assets. Clarivate offers patent intelligence through Derwent Innovation and trademark protection services via CompuMark. Its IPfolio platform provides cloud-based IP management for corporate teams. The 2020 merger with CPA Global marked a major milestone, making Clarivate a powerhouse in patent maintenance and renewal services. Clarivate has increasingly integrated artificial intelligence into its offerings, recently launching the Web of Science Research Assistant to help researchers navigate millions of documents. The company employs approximately 12,000 colleagues globally and operates under a hybrid working model known as Belong@Clarivate. For the fiscal year 2022, the company reported revenues of approximately $2.66 billion. Despite its growth, Clarivate has faced criticism regarding its dominant market position and the rising costs of its subscription-based services. Nevertheless, it remains a critical partner in the global innovation ecosystem, maintaining historic databases like the Zoological Record and continually evolving its digital tools to meet the demands of modern research and intellectual property management. The current leadership is headed by CEO Matti Shem Tov, who was appointed in August 2024.