Philly's old ISI/Thomson Reuters IPS is now Clarivate Analytics

Clarivate Analytics, which is supposed to make you think of a business that "speaks to accelerating the pace of innovation" with "trusted insights," is the name the new private-equity owners of the former Thomson Reuters Intellectual Property & Science business have bestowed on the Philadelphia-based, 4,000-person group and its trademark, patent, copyright, academic and brand information businesses in 40 countries, the company says here.

Onex Corp. of Toronto, which also owns TV-viewer-counter Nielsen Analytics, among other companies, and Baring Private Equity Asia paid $3.55 Billion (corrected) for Clarivate, whose brands include Web of Science, Cortellis, Derwent World Patents Index, Thomson CompuMark, MarkMonitor, TechStreet and others. The company's predecessors include the former University City-based Institute for Scientific Information.

"We're excited to move forward as an expert, objective and agile source of authoritative knowledge," CEO Vin Caraher, who also ran the Thomson Reuters unit, said in a statement. He said "almost every major university, government and business" uses his services, or should. "We look forward to building on our strong foundation as an independent company."