Clarivate Acquires Rowan TELS to Enhance Support for Patent Practitioners
Clarivate Plc (NYSE: CLVT) has acquired Rowan TELS Corp., the provider of Rowan Patents, an integrated patent drafting and prosecution solution. This strategic move aims to enhance Clarivate's workflow automation solutions beyond its current IP management and intelligence capabilities. The acquisition will enable Clarivate to offer comprehensive, AI-enabled solutions for patent preparation, filing, and prosecution.
The integration of Rowan Patents will help Clarivate advance its strategy to become the central hub for IP management, providing an end-to-end workspace for patent practitioners. This aligns with Clarivate's commitment to simplifying and optimizing IP management in an increasingly competitive global market.
Clarivate Plc (NYSE: CLVT) ha acquisito Rowan TELS Corp., fornitore di Rowan Patents, una soluzione integrata per la redazione e la prosecuzione di brevetti. Questa mossa strategica mira a potenziare le soluzioni di automazione dei flussi di lavoro di Clarivate oltre le attuali capacità di gestione e intelligenza della proprietà intellettuale. L'acquisizione permetterà a Clarivate di offrire soluzioni complete e abilitate all'IA per la preparazione, il deposito e la prosecuzione dei brevetti.
L'integrazione di Rowan Patents aiuterà Clarivate a far avanzare la propria strategia per diventare il centro nevralgico per la gestione della proprietà intellettuale, fornendo uno spazio di lavoro completo per i professionisti dei brevetti. Questo è in linea con l'impegno di Clarivate a semplificare e ottimizzare la gestione della proprietà intellettuale in un mercato globale sempre più competitivo.
Clarivate Plc (NYSE: CLVT) ha adquirido Rowan TELS Corp., proveedor de Rowan Patents, una solución integrada para la redacción y el proceso de patentes. Este movimiento estratégico tiene como objetivo mejorar las soluciones de automatización de flujos de trabajo de Clarivate más allá de sus actuales capacidades de gestión e inteligencia de propiedad intelectual. La adquisición permitirá a Clarivate ofrecer soluciones integrales habilitadas por IA para la preparación, presentación y procesamiento de patentes.
La integración de Rowan Patents ayudará a Clarivate a avanzar en su estrategia para convertirse en el centro principal de gestión de propiedad intelectual, proporcionando un espacio de trabajo integral para los profesionales de patentes. Esto se alinea con el compromiso de Clarivate de simplificar y optimizar la gestión de propiedad intelectual en un mercado global cada vez más competitivo.
Clarivate Plc (NYSE: CLVT)는 Rowan TELS Corp.를 인수했습니다. Rowan Patents는 통합된 특허 작성 및 심사 솔루션을 제공합니다. 이 전략적 움직임은 Clarivate의 작업 흐름 자동화 솔루션을 향상시키기 위한 것으로, 현재의 지식 재산 관리 및 인텔리전스 기능을 넘어섭니다. 이번 인수를 통해 Clarivate는 AI 기반의 포괄적인 솔루션을 특허 준비, 제출 및 심사 과정에 제공할 수 있게 됩니다.
Rowan Patents의 통합은 Clarivate가 지식 재산 관리의 중심 허브로 발전하는 전략을 진행하는 데 도움을 줄 것입니다, 특허 전문가를 위한 종합 작업 공간을 제공합니다. 이는 점점 더 경쟁이 치열한 글로벌 시장에서 지식 재산 관리를 단순화하고 최적화하겠다는 Clarivate의 약속과 일치합니다.
Clarivate Plc (NYSE: CLVT) a acquis Rowan TELS Corp., fournisseur de Rowan Patents, une solution intégrée de rédaction et de poursuite de brevets. Ce mouvement stratégique vise à améliorer les solutions d'automatisation des flux de travail de Clarivate au-delà de ses capacités actuelles en matière de gestion et d'intelligence IP. L'acquisition permettra à Clarivate d'offrir des solutions complètes compatibles avec l'IA pour la préparation, le dépôt et la poursuite des brevets.
L'intégration de Rowan Patents aidera Clarivate à faire avancer sa stratégie pour devenir le pôle central de gestion de la propriété intellectuelle, en fournissant un espace de travail complet pour les praticiens des brevets. Cela s'aligne avec l'engagement de Clarivate à simplifier et à optimiser la gestion de la propriété intellectuelle sur un marché mondial de plus en plus compétitif.
Clarivate Plc (NYSE: CLVT) hat Rowan TELS Corp. übernommen, den Anbieter von Rowan Patents, einer integrierten Lösung für das Verfassen und die Verfolgung von Patenten. Dieser strategische Schritt zielt darauf ab, die Workflow-Automatisierungslösungen von Clarivate zu verbessern, über die derzeitigen Fähigkeiten im Bereich IP-Management und -Intelligenz hinaus. Die Akquisition ermöglicht es Clarivate, umfassende, KI-gestützte Lösungen für die Vorbereitung, Einreichung und Verfolgung von Patenten anzubieten.
Die Integration von Rowan Patents wird Clarivate helfen, seine Strategie voranzutreiben, um das zentrale Drehkreuz für IP-Management zu werden und einen umfassenden Arbeitsplatz für Patentpraktiker bereitzustellen. Dies steht im Einklang mit Clarivates Engagement, das IP-Management auf einem zunehmend wettbewerbsintensiven globalen Markt zu vereinfachen und zu optimieren.
- Expansion of Clarivate's service offerings in the patent preparation and prosecution market
- Integration of AI and intelligent automation tools to support critical attorney tasks
- Potential for increased market share in the IP management sector
- Enhancement of Clarivate's end-to-end IP management solutions
- None.
Insights
Clarivate’s acquisition of Rowan TELS Corp. is a strategic move aimed at bolstering their IP lifecycle management capabilities. This expansion into AI-driven solutions for patent drafting and prosecution adds a valuable layer to their existing offerings. For investors, this acquisition signals Clarivate's commitment to staying ahead in the competitive IP management space, potentially leading to revenue growth driven by enhanced service offerings.
From a financial perspective, the integration of Rowan’s advanced technologies could lead to increased operational efficiencies and cost savings in the long term. The acquisition may also enhance Clarivate's market position, making it a more attractive option for organizations seeking comprehensive IP solutions. This can positively impact both short-term and long-term financial prospects, potentially driving up stock value as the market responds to these enhanced capabilities.
The technology behind Rowan Patents represents a significant advancement in the IP management field. By incorporating AI-enabled tools for patent drafting and prosecution, Clarivate can offer more efficient and accurate solutions. This move not only enhances the company’s portfolio but also positions it as a leader in the application of AI for legal tech. The integration of generative AI specifically is noteworthy, as it can streamline complex tasks and reduce human error, leading to higher quality patents.
Moreover, the responsible AI integration emphasized by Clarivate highlights a commitment to ethical technology use, which can improve client trust and satisfaction. This technological enhancement is likely to attract more clients from industries that rely heavily on IP protection, thus expanding Clarivate’s customer base and fostering growth.
The market implications of this acquisition are substantial. By expanding its capabilities in patent preparation and prosecution, Clarivate is poised to capture a larger share of the IP management market. The company's strategy to create an integrated end-to-end workspace addresses a critical need for streamlined, efficient IP management solutions. This move can lead to increased market penetration and customer retention, as clients prefer comprehensive solutions over fragmented services.
Additionally, the emphasis on AI-driven automation tools aligns with current market trends, where efficiency and innovation are paramount. This acquisition not only strengthens Clarivate's competitive edge but also sets a benchmark in the industry for integrated IP solutions. Investors should view this as a positive development with potential for increased market share and revenue growth.
Delivering integrated, AI-enabled solutions specifically designed for patent preparation and prosecution
Clarivate enables organizations worldwide to confidently create, manage and protect critical intellectual property assets with solutions for the entire IP lifecycle. This acquisition will enable Clarivate to extend its workflow automation solutions beyond its market-leading IP management and intelligence capabilities, delivering new comprehensive and integrated solutions to support patent preparation, filing and prosecution. It also positions Clarivate to provide patent practitioners in this emerging market with automation and responsible artificial intelligence (AI) - enabled solutions that facilitate the efficient delivery of high-quality patent applications.
Gordon Samson, President, Intellectual Property, Clarivate, said: "Clarivate is committed to simplifying and optimizing IP management, empowering organizations to protect, manage, and leverage their IP assets in an increasingly competitive and global market. Rowan Patents will help Clarivate bring together AI and intelligent automation tools to support critical attorney tasks. This combination will help us advance our strategy to become the central hub for IP management, by delivering an integrated end-to-end workspace for patent practitioners."
Clarivate has been expanding software support across the IP lifecycle and making ongoing enhancements to its leading patent maintenance, IP management software (IPMS), and IP intelligence capabilities. As part of this strategy, Clarivate announced the launch of IP Collaboration Hub in June. To drive innovation in IP management and decision making, Clarivate develops purpose-driven, responsible AI solutions.
John Amster, CEO of Rowan TELS, said: "With its unmatched IP Solutions and deep expertise, Clarivate is well positioned to bring Rowan's advanced technologies, including generative AI, to enhance complex patent preparation and prosecution. The Rowan team is excited to help Clarivate deliver new end-to-end workspace solutions that will empower IP practitioners to create quality patents."
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
About Rowan TELS
Rowan TELS provides software that brings automation, AI, and workflow solutions to address the complex legal challenges of corporations and law firms. Rowan Patents is an integrated patent drafting environment that provides all the elements to draft a patent – claims and specifications as well as drawings, chemical structures, and biological sequences – in one product, synchronized and linked together to ensure consistency.
Rowan Patents helps professionals complete their goals more efficiently, with fewer errors and better quality. This is done by reducing the tedious, time-consuming tasks that account for a significant amount of patent practitioner time so they can focus on drafting and prosecuting meaningful patents.
Media contact
Jack Wan
External Communications Director, Clarivate
newsroom@clarivate.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/clarivate-acquires-rowan-tels-to-enhance-support-for-patent-practitioners-302202378.html
SOURCE Clarivate Plc
FAQ
What company did Clarivate (CLVT) acquire on July 22, 2024?
How will the acquisition of Rowan TELS benefit Clarivate's (CLVT) services?
What is Clarivate's (CLVT) strategy in the IP management sector?
How does the Rowan TELS acquisition align with Clarivate's (CLVT) recent developments?
