PHILADELPHIA, Oct. 4, 2016 /PRNewswire/ -- The previously announced sale of the Thomson Reuters Intellectual Property & Science business to Onex Corporation and Baring Private Equity Asia was completed today. The company's many well‐known brands include Web of Science™, Cortellis™, Thomson Innovation™, Derwent World Patents Index™, Thomson CompuMark™, MarkMonitor®, Thomson IP Manager™and Techstreet™, among others.
The newly independent company will be known as Clarivate Analytics, a name that speaks to accelerating the pace of innovation with the trusted insights and analytics it provides to customers. Clarivate Analytics enables users around the world to discover, protect and commercialize their ideas, faster. "We're excited to move forward as an expert, objective and agile source of authoritative knowledge," said Vin Caraher, Clarivate Analytics CEO. "Our solutions sit at the center of almost every major university, government and business, supporting those working within the lifecycle of innovation who strive to make a difference. As a market leader, we look forward to building on our strong foundation as an independent company."
The new business continues to focus on scientific and academic research, patent analytics and regulatory standards, trademark protection, pharmaceutical and biotech intelligence, domain brand protection and IP management. "As we grow, we're committed to using superior technology that enables expert solutions to be delivered consistently and with confidence to our customers," said Caraher.
The new name is effective immediately, and new branding will be implemented across the company's products and services, beginning in early 2017.
About Clarivate Analytics
Clarivate™ Analytics accelerates the pace of innovation by providing trusted insights and analytics to customers around the world, enabling them to discover, protect and commercialize new ideas, faster. Formerly the Intellectual Property and Science business of Thomson Reuters, we've been assisting our customers for over 60 years. Now as an independent company with over 4,000 employees, operating in more than 100 countries around the world, we remain expert, objective and agile. For more information, please visit us atClarivate.com.