The acquisition of Rowan TELS Corp. by Clarivate, a software giant based in London, has been confirmed. Rowan TELS Corp. is the maker of Rowan Patents, a software used by legal professionals to automate the patent drafting process. Clarivate, which offers various software tools for intellectual property use cases, saw the acquisition as a strategic move to expand its offerings in the legal tech industry.
Rowan TELS Corp. was founded in 2018 by former Intellectual Ventures vice president John Amster. In 2019, Rowan merged with TurboPatent, a Seattle-based startup co-founded by tech veteran Jim Ballmaier. With backing from Voyager Capital and other Seattle-area investors, TurboPatent had established itself as a key player in the legal tech industry. The acquisition by Clarivate has been seen as a positive outcome by Bill McAleer, managing director at Voyager, highlighting the success of the two companies coming together.
With the merger of Rowan TELS Corp. and TurboPatent, two innovative players in the legal tech industry combined their expertise to create cutting-edge solutions for patent drafting and other intellectual property use cases. The acquisition by Clarivate further solidifies their position in the market, enabling them to offer a comprehensive suite of software tools to legal professionals. The move signifies a strategic initiative by Clarivate to expand its presence in the legal tech space and capitalize on the growing demand for innovative software solutions.
The collaboration between Rowan TELS Corp., TurboPatent, and now Clarivate, underscores the importance of technological advancements in the legal industry. By automating the patent drafting process and offering sophisticated software tools, these companies are enabling legal professionals to streamline their workflow and enhance productivity. The acquisition by Clarivate is expected to bring additional resources and expertise to further develop and refine the software solutions offered by Rowan TELS Corp., positioning them as a leader in the legal tech market.
As the legal tech industry continues to evolve, the acquisition of Rowan TELS Corp. by Clarivate marks a significant milestone in the collaboration between established software giants and innovative startups. By joining forces, these companies are able to leverage their respective strengths and expertise to offer leading-edge solutions to legal professionals. The acquisition is a testament to the growing importance of technology in the legal industry and the demand for innovative software tools that can streamline processes and drive efficiency.
Overall, the acquisition of Rowan TELS Corp. by Clarivate represents a strategic move to consolidate expertise in the legal tech industry and offer advanced software solutions to legal professionals. The merger of Rowan and TurboPatent, followed by the acquisition by Clarivate, underscores the commitment of these companies to driving innovation in the legal industry. With a focus on automating the patent drafting process and delivering cutting-edge software tools, the collaboration between these companies is poised to revolutionize the way legal professionals approach intellectual property use cases.
