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Clarivate Acquires Ai Start Up To Accelerate Strategy And Business Development Success For Life Sciences & Healthcare Clients

Mar 21, 2024over 1 year ago

Acquiring Company

Clarivate

Acquired Company

MotionHall

LondonSan FranciscoIntellectual PropertyHealth CareInformation TechnologyPharmaceuticalBiotechnology

Description

Clarivate Plc (NYSE:CLVT) a leading global provider of transformative intelligence, has announced an agreement to acquire the substantial majority of assets of MotionHall, a Silicon Valley technology start-up company serving the life sciences with industry vertical artificial intelligence (AI) solutions. The asset purchase serves as a key component of the ClarivateTM Life Sciences & Healthcare strategy to deliver transformative intelligence through the application of generative AI (GenAI) and proprietary industry vertical AI solutions. Clarivate provides people and organizations with transformative intelligence they can trust, propelling human ingenuity into our world's greatest breakthroughs.

Company Information

Company

Clarivate

Location

London, England, United Kingdom

About

ScholarOne, founded in 2000, is a leading provider of manuscript submission, peer review, and editorial management software and services to scholarly publishers and societies. ScholarOne’s submission platforms serve more than 600 publishers and enable more than three million manuscripts and conference abstracts each year, representing more than half of the total output of the scholarly community.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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