Wolters Kluwer recently released Clarion, a “due diligence and client advisement solution,” according to their January 24th product announcement. Wolters Kluwer’s news release promoted Clarion as a tool for corporate attorneys, with “the ability to surface vital information on a company’s revenue sources, partnerships, customers, and suppliers that would typically take hours of research.” Clarion definitely has utility for a wider audience than corporate attorneys though and could be helpful in firmwide competitive intelligence/business development efforts. It allows for searching by company/ticker symbol to get to a company dashboard or lets a user drill down by industry and pull company lists sorted by Revenue in Industry, Total Revenue, or Company Name.
The last couple On Firmer Ground posts focused on business development, and we highlighted a Private Law Librarians and Information Professionals’ resource guide discussing librarians’ role in business development and competitive intelligence. The resource guide listed a number of databases for company and industry research, so this seemed like a good time to take a closer look at Clarion, since it’s a product that can be added to that list.
We asked Wolters Kluwer a few questions about why they saw a need for the product, how it was developed, and what distinguishes this tool from others on the market. Continue reading