What was the onus behind Onex’s acquisition of IP & Science?
Onex and Baring Asia are a good fit for the business with a strong track record in understanding, investing and growing businesses such as Clarivate Analytics. Onex and Baring Asia are well known globally as established private equity groups, and are committed to the future of the company, supporting its customers and growing the business.
How will Clarivate Analytics differ from IP & Science?
It is our intention to operate Clarivate Analytics without interruption of service or quality to any customer. Our priorities include remaining fully committed to serving our customers, continuing to invest in developing better solutions and growing the business. In addition, investment priorities and plans agreed for 2016 remain in place and unchanged as part of this deal. We remain focused on achieving a strong end to the year.
We are working towards a broader launch of our branding across the company and our products and will share more details about this over the coming weeks and months.
How does Clarivate intend to extend and improve on the work done by Thomson Reuters?
Onex and Baring Asia have a strong track record of investing in successful businesses for many years across a variety of sectors, helping them achieve strong levels of growth. Based on current performance, we see no reason why that should not be the case with Clarivate Analytics. As we go through the transition process and disentangle from Thomson Reuters, it’s too early to speculate on future financial performance. We look forward to reporting back as the business develops.
Clarivate Analytics will continue to invest heavily in our flagship products, like Derwent World Patents Index, IP services and Thomson Innovation, which we re-launched in July 2016.
What sorts of challenges will patent owners face in the near future? Will they be similar or different to challenges face under Thomson Reuters?
Our customers continue to face an increasingly complex patent landscape with shifting regulatory landscape, increasing litigation costs and an increased focus on monetisation of IP by corporations. In today’s ultra-competitive marketplace, intellectual property research has become more difficult, with huge sums at stake for getting it right and sometimes even bigger potential for losses if corporations get it wrong. As these pressures grow, corporations are focusing on making the best R&D decisions further upstream.
The strategy at Clarivate Analytics is to connect the entire IP lifecycle in a way that empowers all users of IP data, management and decision making to come together and increase their organisation’s return on intangible assets. For example, with the new improvements to our Smart Search technology, intellectual property researchers can conduct thorough investigations, arriving at the most relevant results in the shortest possible time to avoid making costly mistakes.