Silverchair – a portfolio company of Thompson Street Capital Partners (TSCP) – announced that it has entered into a definitive agreement with Clarivate Plc to buy ScholarOne, a leading provider of software and services to scholarly publishers and societies. The terms of the transaction were undisclosed.
Founded in 1993 and based in Charlottesville, VA, Silverchair offers software and services to leading global publishers of scientific, technical, and medical (STM) content. The company has utilized an extensible content management system (CMS), the Silverchair Platform, to build new products that help over 400 publishers manage, distribute, and monetize STM content.
Founded in 2000 and also based in Charlottesville, Virginia, ScholarOne is a leading provider of manuscript submission, peer review, and editorial management software and services to scholarly publishers and societies. And 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.
This acquisition is expected to close within the fourth quarter of 2024 subject to the satisfaction of customary closing conditions.
KEY QUOTES:
“For over than 30 years, Silverchair has served the needs of publishers as an independent technology partner. We believe that innovation and technology can help fulfill the promise of scholarship, and we will make substantial investments in ScholarOne to meet the needs of publishers, editors, and authors. This acquisition was part of founder Thane Kerner’s long-term vision for Silverchair, and I’m pleased to bring it to fruition with the strong support of Thompson Street Capital Partners.”
– Silverchair CEO Will Schweitzer
“The ScholarOne team is excited to continue serving the scholarly publishing community, now as an independent, end-to-end partner. We look forward to collaborating with our expanded community to amplify the impact of scholarship by developing these leading technology platforms to meet the needs of publishers, editors, and authors.”
– Josh Dahl, Senior Director of Product Management for ScholarOne
“Silverchair’s acquisition of ScholarOne presents an opportunity to leverage both companies’ powerful technology platforms to enable new products and services and deliver more value to customers across the scholarly publishing lifecycle.”
– Craig Albrecht, Managing Director, TSCP
“We couldn’t be more excited about bringing together these two industry leaders to create a comprehensive, end-to-end solution for our publisher and association customers.”
– Joe St. Geme, Managing Director, TSCP
