The sale, which was announced on 3 October, includes Thomson Reuters’s well-known brands Web of Science, Cortellis, Thomson Innovation, Derwent Patents Index, Thomson CompuMark, MarkMonitor, Thomson IP Manager and Tech Street, among others.
The new company will be rebranded as Clarivate Analytics, a name that it described as speaking to “accelerating the pace of innovation with the trusted insights and analytics it provides to customers”.
Clarivate Analytics will focus on scientific and academic research, patent analytics and regulatory standards, trademark protection, pharmaceutical and biotech intelligence, domain brand protection, and IP management.
Vin Caraher, CEO of Clarivate, said: “We’re excited to move forward as an expert, objective and agile source of authoritative knowledge.”
“Our solutions sit at the end of almost every major university, government and business, supporting those working within the lifecycle of innovation who strive to make a difference.”
When the sale was announced earlier this year, president and CEO of Thomson Reuters, James Smith, said that the divestiture of Intellectual Property & Science will allow Thomson Reuters to focus on “operating at the intersection of global commerce and regulation”.