Clarivate, a global leader in providing trusted information and insights to accelerate the pace of innovation, has announced a definitive agreement to acquire ProQuest, a leading global software, data and analytics provider to academic, research and national institutions, from the Cambridge Information Group, a family-owned investment firm, and other partners including Atairos.
With a mission to accelerate and improve education, research and innovation, ProQuest delivers content and technology solutions to over 25,000 academic, corporate and research organizations in more than 150 countries. The acquisition will establish Clarivate as a premier provider of end-to-end research intelligence solutions and significantly expand its content and data offerings as the addition of ProQuest will materially complement the Clarivate Research Intelligence Cloud™.
By bringing together these two customer-focused businesses with a purpose to accelerate innovation at their core, we will create a world-leading software and information provider for research-focused organizations to fuel scientific discovery and innovation into the future.
“Clarivate and ProQuest are highly complementary businesses, each with a rich and storied heritage. We share the goal to accelerate innovation through research and knowledge sharing and together we will enable our customers to solve the world’s most complex challenges with content dating back centuries, and technologies that address the needs of 21st century customers.”
Executive Chairman and CEO, Clarivate
Clarivate has signed a definitive agreement to acquire ProQuest, a leading global content aggregation and software business that primarily serves academic markets. As a result of the acquisition:
Prior to closing there will be no changes, ProQuest and Clarivate remain entirely separate and independent, and we will operate as normal.
ProQuest’s products empower researchers, support teaching and learning success, improve university workflows and support the needs of librarians in fulfilling their institutional missions. ProQuest provides leading management and workflow solutions such as Alma and Rialto that enable libraries to be more effective and efficient; Library Services, such as Syndetics Unbound and our proprietary Title Matching Fast service, that extend and enhance the value of library assets; authoritative Content, like ProQuest One Academic, Ebook Central and ProQuest Dissertations & Thesis, that drives teaching, learning and research success; and finally Research, Teaching and Learning Tools, such as Leganto, that improve insights and user workflows, producing better results, faster. Learn more here: about.proquest.com/en/
In turbulent times our organizations provide reliability and trust. Trust carries a premium – selectivity, curation of content and data is at the heart of what we do and we will continue to be a reliable and authoritative provider of content, data and deep domain expertise.
Future-focused organizations will be able to respond to their users’ needs more effectively with the delivery of these multiple resources, fulfilling the demand for more cross-disciplinary research and thereby improving research, teaching and learning outcomes at their institutions. This is demonstrated by our Research Intelligence Cloud, which will be enhanced by the addition of full text journal articles, dissertations, news, video and e-books across multiple fields – including science, technology, medicine, law and IP, the arts, literature and humanities and social sciences.
Content aggregation, along with solutions to connect and filter disparate information is critical in a world of information overload. The joining of these two gold-standard organizations will provide a gateway to the world’s largest collection of interoperable, expertly curated content for science and intellectual property, along with technologies that enhance its discovery, sharing and management. This will give our customers a unique ability to reveal connections across the innovation lifecycle.