Clarivate, a software company based in London, recently acquired Rowan TELS Corp., the maker of the patent drafting application Rowan Patents. The acquisition allows Clarivate to expand its portfolio of software tools for intellectual property use cases, adding to its already diverse range of products. Rowan’s software is designed to help legal professionals automate the patent drafting process, making it more efficient and streamlined.
John Amster, a former vice president at Intellectual Ventures, founded Rowan in 2018. Just a year later, Rowan merged with TurboPatent, a Seattle-based startup co-founded by tech veteran Jim Ballmaier. TurboPatent was backed by Voyager Capital and other investors in the Seattle area. The merger allowed Rowan to further enhance its software capabilities and expand its reach in the legal tech industry.
Bill McAleer, managing director at Voyager Capital, expressed his satisfaction with Clarivate’s acquisition of Rowan TELS Corp., calling it a “positive outcome.” The acquisition is seen as a strategic move that will benefit both companies and help them grow in the competitive software market. By joining forces, Clarivate and Rowan can leverage each other’s strengths and resources to continue innovating in the field of intellectual property software.
Despite the acquisition, a small development team for Rowan will remain in Seattle, maintaining a presence in the vibrant tech community of the Pacific Northwest. This move signals Clarivate’s commitment to supporting and retaining top talent in the industry, as well as its recognition of the valuable contributions that the Seattle team has made to the development of Rowan’s software. By keeping a presence in Seattle, Clarivate can tap into the region’s talent pool and benefit from the innovative tech ecosystem.
Overall, the acquisition of Rowan TELS Corp. by Clarivate marks a significant milestone for both companies, as they continue to make strides in the competitive software market. With a focus on intellectual property software solutions, Clarivate and Rowan are well-positioned to meet the evolving needs of legal professionals and companies seeking to protect their intellectual property. The collaboration between the two companies is expected to result in the development of cutting-edge technologies and tools that will enhance the patent drafting process and drive innovation in the field.
