Clarivate (CLVT) Acquires Rowan TELS

Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced it has acquired Rowan TELS Corp. through a subsidiary. Rowan TELS Corp. is the provider of Rowan Patents – an integrated patent drafting and prosecution solution specially designed for patent practitioners to establish and protect patents more effectively.

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."

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