- Drive global scale and expand leading positions;
- Extend into adjacencies; and
- Develop strategic partnerships.
In 2019 we embarked on our new three-year strategy, Accelerating Our Value, designed to grow our expert solutions, advance our deep domain expertise, and drive operational agility. Working alongside our customers, we will continue to apply advanced technologies to address complex problems in society.
Our strategic approach offers opportunities and value - important criteria for our investors. In this aspect, we are - as always - strongly committed to delivering returns to our shareholders. The customers we serve continue to be centrally important inspiration for our strategy. Their future is also the story of the future of society at large. We can derive real pride in our work simply by recognizing how we contribute to making a difference every day.
2019, the first year of this plan, was a year when we made significant progress on improving enterprise systems and infrastructure to support operational agility. At the same time, we remained focused on delivering value to our customers by scaling our expert solutions and enhancing our information products, providing a strong foundation for 2020.
Read about our progress made in 2019
We sustained investment in our expert solutions, extending the global reach of products, such as UpToDate, TeamMate, CCH Tagetik, OneSumX, and Enablon, and working to strengthen key distribution partnerships. We extended into the selected adjacencies of contract lifecycle management and barrier-based risk management with the acquisitions of CLM Matrix in May 2019 and CGE Risk Management in February 2020. We divested certain small assets that no longer fit our long-term strategic direction.
We stepped up investment in our digital information products, such as Ovid and our European legal research solutions, to enhance their content, functionality, and user interface and to add capabilities that leverage artificial intelligence. We made significant progress on several key initiatives to drive operational agility: in 2019, we rolled out a new global HR technology platform, greatly improving our ability to attract, retain, and develop talent. We accelerated ongoing investments and programs designed to keep data and systems secure. We made progress on extending the use of standardized technology platforms and components.
In 2020, we will continue to focus on growing our expert solutions, advancing our deep domain expertise, and driving operational agility to further grow our leading market positions and customer relationships.