Clarivate Plc (CLVT): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how companies stay ahead in today's fast-paced world of innovation? Clarivate Plc (CLVT), a global leader in providing trusted insights and analytics, plays a pivotal role in accelerating the pace of innovation, but how exactly does it achieve this? With a reported revenue of $2.56 billion for 2024, discover how Clarivate operates, who owns it, what its mission is, and how it generates revenue in this comprehensive overview.

Clarivate Plc (CLVT) History

Clarivate's Founding Timeline

Year established

The company's history can be traced back to the 19th century, but in its modern form, it began in 2016.

Original location

The company's initial operations were closely tied to its origins within The Thomson Corporation, later Thomson Reuters, which has a significant presence in various locations worldwide. However, after being spun off, the company established its own corporate offices.

Founding team members

The company wasn's founded by a traditional 'team' in the startup sense. Instead, it emerged from within Thomson Reuters. Key figures who played a role in the transition and subsequent leadership include executives who steered the newly independent entity.

Initial capital/funding

As a spin-off from Thomson Reuters, the company didn't receive traditional 'funding.' Instead, it was capitalized with assets and resources from its former parent company, representing a significant valuation at the time of its separation. The initial valuation was approximately $3.55 billion when it was acquired by Onex Corporation and Baring Private Equity Asia in 2016.

Clarivate's Evolution Milestones

Clarivate's Transformative Moments

• Spin-off from Thomson Reuters: This was a pivotal moment, establishing the company as an independent entity with the freedom to pursue its own strategic direction.
• Going Public: The merger with Churchill Capital Corp and subsequent listing on the New York Stock Exchange provided access to capital and enhanced its market position.
• Strategic Acquisitions: Acquisitions like CPA Global and ProQuest have significantly expanded the company's capabilities and market reach, transforming it into a comprehensive information and analytics provider.
• Portfolio Optimization: Divesting non-core assets like MarkMonitor has allowed the company to focus on its key strengths and strategic priorities.

These transformative moments reflect the company's strategic evolution, shaping its identity and market position over time. For more insights, explore Mission Statement, Vision, & Core Values of Clarivate Plc (CLVT).

In February 2024, the company announced a restructuring plan aimed at reducing costs and improving operational efficiency. This plan included a 10% reduction in its workforce, impacting approximately 360 roles, and was expected to generate about $200 million in annual savings by 2025.

In March 2024, the company completed its acquisition of Patent Forecast, a provider of analytics and market intelligence for patents. This acquisition further enhanced the company's intellectual property solutions, adding advanced analytics capabilities to its portfolio.

In 2024, the company reported its full-year results, with revenue of $2.9 billion, representing a 4% increase compared to the previous year. The company's adjusted EBITDA was $1.2 billion, with a margin of 41%.

Clarivate Plc (CLVT) Ownership Structure

The ownership structure of the company reflects a mix of institutional and individual holdings, typical of publicly traded companies. This distribution influences the governance and strategic direction of the corporation.

Clarivate's Current Status

The company is a publicly traded entity, meaning its shares are available for purchase on the open market. This allows a broad range of investors to own a portion of the company. As a public company, it is subject to regulatory oversight and reporting requirements, providing transparency to investors and the public. For more insights, check out: Mission Statement, Vision, & Core Values of Clarivate Plc (CLVT).

Clarivate's Ownership Breakdown

As of the fiscal year 2024, the ownership of the company is distributed among various shareholders. The following table summarizes the ownership breakdown:

Clarivate's Leadership

The leadership team is responsible for setting the strategic direction and overseeing the operations of the company. Key members of the leadership team as of April 2025 include:

• Jonathan Gear: Chief Executive Officer
• Jonathan Collins: Chief Financial Officer

Clarivate Plc (CLVT) Mission and Values

Clarivate's mission is centered on providing trusted intelligence and insights to accelerate the pace of innovation. The company values integrity, collaboration, and a commitment to delivering exceptional results for its clients.

Clarivate's Core Purpose

Official mission statement

Clarivate's official mission statement is: 'To improve the way the world creates, protects and advances innovation.' : Mission Statement, Vision, & Core Values of Clarivate Plc (CLVT).

• Empowering customers to solve complex problems by providing actionable information and analytics.
• Focusing on the entire lifecycle of innovation, from initial research and development to protecting intellectual property and commercializing new products.
• Committing to the highest standards of data quality, accuracy, and ethical conduct.

Vision statement

Clarivate's vision is to be a trusted, indispensable partner to organizations worldwide, helping them accelerate innovation and improve outcomes.

• To be the leading global provider of intelligence and insights that drive innovation and growth.
• To create a culture of innovation and collaboration, where employees are empowered to make a difference.
• To deliver exceptional value to customers, shareholders, and society.

Company slogan/tagline

While specific slogans or taglines may evolve, Clarivate often emphasizes themes of:

• 'Accelerating Innovation'
• 'Trusted Intelligence'
• 'Transformative Insights'

These themes reflect Clarivate's focus on providing data, analytics, and workflow solutions that help customers drive innovation, improve research outcomes, and achieve their strategic goals. As of the 2024 fiscal year, Clarivate continues to reinforce these values through its products, services, and corporate communications.

Clarivate Plc (CLVT) How It Works

Clarivate Plc accelerates the pace of innovation by providing trusted insights and analytics to customers worldwide, enabling them to discover, protect, and commercialize new ideas faster.

Clarivate's Product/Service Portfolio

Clarivate's Operational Framework

Clarivate operates through a combination of data collection, technology development, and expert analysis to deliver value to its customers. The company's operational framework includes:

• Content Acquisition and Curation: Clarivate gathers data from various sources, including scholarly publications, patents, trademarks, and other intellectual property records. The company employs subject matter experts and advanced technologies to curate and enrich this data, ensuring its accuracy and reliability.
• Technology Platform Development: Clarivate invests in developing and maintaining technology platforms that enable customers to access and analyze its data. These platforms offer a range of features, including search, visualization, and analytics tools.
• Product Development and Innovation: Clarivate continuously develops new products and services to meet the evolving needs of its customers. The company leverages its data assets and technology expertise to create innovative solutions that address key challenges in research, innovation, and intellectual property management.
• Sales and Marketing: Clarivate employs a global sales and marketing organization to reach customers in various markets. The company's sales teams work closely with customers to understand their needs and provide tailored solutions.
• Customer Support: Clarivate provides customer support to help customers use its products and services effectively. The company offers training, documentation, and technical support to ensure customer satisfaction.

Clarivate's Strategic Advantages

Clarivate's success is driven by several strategic advantages:

• Comprehensive and Unique Data Assets: Clarivate possesses a vast collection of data on scholarly research, patents, trademarks, and other intellectual property. This data is a valuable asset that is difficult for competitors to replicate.
• Strong Brand Reputation: Clarivate has a strong brand reputation for providing trusted and reliable information. The company's brands, such as Web of Science and Derwent Innovation, are well-known and respected in their respective markets.
• Global Reach: Clarivate has a global presence, with offices and customers in many countries. This global reach allows the company to serve customers in diverse markets and capitalize on growth opportunities worldwide.
• Experienced Management Team: Clarivate has an experienced management team with a proven track record of success. The company's leaders have a deep understanding of the information services industry and a strong commitment to innovation.

To gain more insights into Clarivate's financial performance, you can read this analysis: Breaking Down Clarivate Plc (CLVT) Financial Health: Key Insights for Investors

Clarivate Plc (CLVT) How It Makes Money

Clarivate Plc primarily generates revenue by providing data, analytics, and workflow solutions to researchers, universities, corporations, and other organizations. These solutions help customers accelerate the lifecycle of innovation by providing actionable insights.

Clarivate's Revenue Breakdown

Clarivate operates through several key revenue streams. While specific percentages may fluctuate annually, the general composition remains relatively consistent.

Clarivate's Business Economics

Clarivate's business economics are rooted in providing high-value, specialized information and analytics. The company benefits from several economic fundamentals:

• Subscription-Based Model: The majority of Clarivate's revenue comes from subscriptions, which provides a recurring and predictable income stream. This model enhances financial stability and allows for reinvestment in product development and acquisitions.
• High Switching Costs: Clarivate's products are deeply embedded in the workflows of its customers, creating high switching costs. This stickiness reduces customer churn and ensures long-term revenue.
• Data as a Competitive Advantage: The vast and proprietary data sets that Clarivate owns and manages are difficult to replicate, giving the company a significant competitive edge.
• Scalability: Digital products and services allow Clarivate to scale efficiently. Once a product is developed, it can be distributed to many customers at a relatively low marginal cost.

Clarivate's Financial Performance

Clarivate's financial performance can be gauged through the following points:

• In 2024, Clarivate reported revenue of $2.87 billion, representing a 3.3% increase on a reported basis.
• The company's adjusted EBITDA was $1.09 billion in 2024, and adjusted EBITDA margin was 38.0%.
• Clarivate’s revenue forecast for 2025 is between $2.890 billion and $2.940 billion.

To gain more insights into who is investing in Clarivate and their motivations, check out this related article: Exploring Clarivate Plc (CLVT) Investor Profile: Who’s Buying and Why?

Clarivate Plc (CLVT) Market Position & Future Outlook

As of April 2025, Clarivate Plc is strategically positioned within the competitive landscape of information services, focusing on providing insights and analytics to accelerate the pace of innovation. The company's future outlook is shaped by its ability to adapt to evolving technological advancements and client needs, while navigating the challenges of a dynamic market.

Competitive Landscape

The competitive landscape for Clarivate is characterized by several key players, each holding a significant share of the market. Here's a snapshot of how Clarivate stacks up against its main competitors:

Opportunities & Challenges

Clarivate faces a blend of opportunities and risks that will influence its trajectory in the coming years:

Industry Position

Clarivate holds a notable position in the information services industry, particularly due to its focus on intellectual property and scientific research data. The company's standing is reinforced by:

• Its comprehensive suite of products, including the Web of Science and Derwent Innovation, which are critical resources for researchers and intellectual property professionals.
• A strong emphasis on analytics and data-driven insights, which help clients make informed decisions and accelerate innovation.
• Its commitment to expanding its global footprint and serving a diverse range of industries.

For more insights into Clarivate's financial health, you might find this resource helpful: Breaking Down Clarivate Plc (CLVT) Financial Health: Key Insights for Investors