Springer Nature

Last updated
Springer Nature
Type Privately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner
Industry Publishing
Founded2015;7 years ago (2015)
Headquarters London, UK (global)
Berlin, Germany (corporate)
New York City, USA (sales)
Area served
Worldwide
Key people
Revenue US$1.72 billion (2019)
Owners
Number of employees
10,000 (2019)
Website www.springernature.com
Footnotes /references
[1]

Springer Nature or the Springer Nature Group [1] [2] is a German-British academic publishing company created by the May 2015 merger of Springer Science+Business Media and Holtzbrinck Publishing Group's Nature Publishing Group, Palgrave Macmillan, and Macmillan Education. [3]

Contents

History

The company originates from a number of journals and publishing houses, notably Springer-Verlag, which was founded in 1842 by Julius Springer in Berlin [4] (the grandfather of Bernhard Springer who founded Springer Publishing in 1950 in New York), [5] Nature Publishing Group which has published Nature since 1869, [6] and Macmillan Education, which goes back to Macmillan Publishers founded in 1843. [7]

Springer Nature was formed in 2015 by the merger of Nature Publishing Group, Palgrave Macmillan and Macmillan Education (held by Holtzbrinck Publishing Group) with Springer Science+Business Media (held by BC Partners). Plans for the merger were first announced on 15 January 2015. [8] The transaction was concluded in May 2015 with Holtzbrinck having the majority 53% share. [9]

IPO attempts in May 2018 and Autumn 2020 [10] were unfruitful due to unfavorable market conditions. [11] [12]

Current company

After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature. [13] When he retired by the end of 2017, he was succeeded by Daniel Ropers, [14] the co-founder and long-time CEO of bol.com. [15] In September 2019, Ropers was replaced by Frank Vrancken Peeters. [16] [17]

The company is releasing a number of Policies & Reports, [18] including a Modern Slavery Act statement, a Tax strategy, a gender pay gap report for Springer Nature’s UK operations, [19] [20] Editorial and publishing policies, Code of conduct, etc.

Brands

The following major brands belong to the group (see also Subsidiaries): [21]

Controversies

In 2017, the company agreed to block access to hundreds of articles on its Chinese site, cutting off access to articles on Tibet, Taiwan, and China's political elite. [23] [24]

The company retracted a paper in 2019, in its journal BMC Emergency Medicine due to dubious peer-review process (a herpetologist could have denied the publication of the paper). [25]

In August 2020, Springer Nature was reported to have rejected the publication of an article at the behest of its co-publisher, Wenzhou Medical University, from a Taiwanese doctor because the word "China" was not placed after "Taiwan." [26] [27]

In July 2020, Springer Nature retracted a paper in the journal Society due to dubious review process and criticism regarding racism. [28]

In November 2021, Springer Nature retracted 44 nonsense papers from the Arabian Journal of Geosciences after a lapse in the peer review process. [29] [30]

Subsidiaries

See also

Related Research Articles

<i>Nature</i> (journal) British scientific journal since 1869

Nature is a British weekly scientific journal founded and based in London, England. As a multidisciplinary publication, Nature features peer-reviewed research from a variety of academic disciplines, mainly in science and technology. It has core editorial offices across the United States, continental Europe, and Asia under the international scientific publishing company Springer Nature. Nature was one of the world's most cited scientific journals by the Science Edition of the 2019 Journal Citation Reports, making it one of the world's most-read and most prestigious academic journals. As of 2012, it claimed an online readership of about three million unique readers per month.

<span class="mw-page-title-main">Mark Pincus</span>

Mark Jonathan Pincus is an American Internet entrepreneur known as the founder of Zynga, a mobile social gaming company. Pincus also founded the startups Freeloader, Inc., Tribe Networks, and Support.com. Pincus served as the CEO of Zynga until July 2013, then again from 2015 to 2016.

<span class="mw-page-title-main">Farrar, Straus and Giroux</span> American book publishing company

Farrar, Straus and Giroux (FSG) is an American book publishing company, founded in 1946 by Roger Williams Straus Jr. and John C. Farrar. FSG is known for publishing literary books, and its authors have won numerous awards, including Pulitzer Prizes, National Book Awards, and Nobel Prizes. As of 2016 the publisher is a division of Macmillan, whose parent company is the German publishing conglomerate Holtzbrinck Publishing Group.

Holtzbrinck Publishing Group is a privately held German company based in Stuttgart which owns publishing companies worldwide. Through Macmillan Publishers, it is one of the Big Five English-language publishing companies.

Macmillan Publishers is a British publishing company traditionally considered to be one of the 'Big Five' English language publishers. Founded in London in 1843 by Scottish brothers Daniel and Alexander MacMillan, the firm would soon establish itself as a leading publisher in Britain. It published two of the best-known works of Victorian era children’s literature, Lewis Carroll's Alice's Adventures in Wonderland (1865) and Rudyard Kipling's The Jungle Book (1894).

Springer Science+Business Media, commonly known as Springer, is a German multinational publishing company of books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing.

Nature Portfolio is a division of the international scientific publishing company Springer Nature that publishes academic journals, magazines, online databases, and services in science and medicine.

<span class="mw-page-title-main">Palgrave Macmillan</span> English publishing house

Palgrave Macmillan is a British academic and trade publishing company headquartered in the London Borough of Camden. Its programme includes textbooks, journals, monographs, professional and reference works in print and online. It maintains offices in London, New York, Shanghai, Melbourne, Sydney, Hong Kong, Delhi, and Johannesburg.

Henry Holt and Company is an American book-publishing company based in New York City. One of the oldest publishers in the United States, it was founded in 1866 by Henry Holt and Frederick Leypoldt. Currently, the company publishes in the fields of American and international fiction, biography, history and politics, science, psychology, and health, as well as books for children's literature. In the US, it operates under Macmillan Publishers.

<span class="mw-page-title-main">Warner Chappell Music</span> American music publishing company

Warner Chappell Music, Inc. is an American music publishing company and a subsidiary of the Warner Music Group. Warner Chappell Music's catalogue consists of over 1.4 million compositions and 65,000 composers, with offices in over 40 countries.

YOOX Net-a-Porter Group S.p.A. is an Italian online fashion retailer created on 5 October 2015 after the merger between Yoox Group and Net-a-porter Group (NAP).

Macmillan Inc. is a defunct American book publishing company. Originally established as the American division of the British Macmillan Publishers, the two were later separated and acquired by other companies, with the remnants of the original American division of Macmillan present in McGraw-Hill Education's Macmillan/McGraw-Hill textbooks, Gale's Macmillan Reference USA division, and some trade imprints of Simon & Schuster that were transferred when both companies were owned by Paramount Communications. The German publisher Holtzbrinck, which bought the British Macmillan in 1999, purchased US rights to the Macmillan name in 2001 and rebranded its American division with it in 2007.

<span class="mw-page-title-main">Want Want</span> Taiwanese food product company

Want Want Holdings Limited is a food manufacturer from Taiwan. It is one of the largest rice cake and flavored drink makers in Taiwan. It engages in the manufacturing and trading of snack foods and beverages, divided into four businesses: rice crackers, dairy products and beverages, snack foods, and other products. It operates over 100 manufacturing plants in mainland China and 2 in Taiwan, and employs over 60,000 people.

Macmillan Education is a publisher of English Language teaching and school curriculum materials. The company is based in London and operates in over 40 countries worldwide.

Secureworks Inc. is an American cybersecurity company. The company has approximately 4,000 customers in more than 50 countries, ranging from Fortune 100 companies to mid-sized businesses in a variety of industries.

<span class="mw-page-title-main">Block, Inc.</span> American financial services company

Block, Inc., formerly Square, Inc., is an American multinational technology conglomerate founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010. It has been traded as a public company on the New York Stock Exchange since November 2015 with the ticker symbol SQ.

<span class="mw-page-title-main">DocuSign</span> American Technology Firm

DocuSign, Inc. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on different devices. DocuSign has over 1 million customers and hundreds of millions of users in more than 180 countries. Signatures processed by DocuSign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU, Qualified Signatures.

<i>Nature Communications</i> Academic journal

Nature Communications is a peer-reviewed, open access, scientific journal published by Nature Portfolio since 2010. It is a multidisciplinary journal and it covers the natural sciences, including physics, chemistry, earth sciences, medicine, and biology. The journal has editorial offices in London, Berlin, New York City, and Shanghai.

<span class="mw-page-title-main">Richard Charkin</span> British publishing executive

Richard Charkin is a British publishing executive. He has held executive positions at Pergamon Press, Oxford University Press, Reed International/Reed Elsevier and Current Science Group, and is the former Chief Executive of Macmillan Publishers Limited and Executive Director of Verlagsgruppe Georg von Holtzbrinck. In 2015, he became President of the International Publishers Association. He was Executive Director of Bloomsbury from 2007 to 2018 and is currently President of Bloomsbury China and of John Wisden. He is also a non-executive director of Institute of Physics Publishing, and is Chair of Common Purpose.

<span class="mw-page-title-main">DWS Group</span> German investment management firm

The DWS Group commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange. It is currently headquartered in Frankfurt, Germany and is a constituent member of the SDAX index.

References

  1. 1 2 "Über uns: Presse" (in German). Springer Nature Group. Retrieved 2021-03-09.{{cite web}}: CS1 maint: url-status (link)
  2. "Türen für Entdeckungen Öffnen" (in German). Springer Nature Group. Retrieved 2021-03-08.
  3. "Springer Nature created following merger completion". Springer. 6 May 2015.
  4. "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. Retrieved April 6, 2018.
  5. "Do you mean Springer, Springer or Springer?". Springer.com. 2014. Archived from the original on 27 December 2016.
  6. "Nature". Phys.org. Retrieved April 6, 2018.
  7. "About Us | Springer Nature | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-09.
  8. "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. Retrieved April 6, 2018.
  9. Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. Retrieved July 8, 2015.
  10. "Springer Nature Said to Kick Off 1 Billion-Euro IPO This Month". Bloomberg.com. 2020-09-04. Retrieved 2021-03-08.
  11. Schuetze, Arno (2018-05-08). "Weak demand forces Springer Nature to cancel $3.2 billion float at last minute". Reuters. Retrieved 2021-03-08.
  12. Benjamin Robertson, Ruth David, Jan-Henrik Foerster (3 October 2020). "Europe IPO Revival Peters Out as Year's Top German Deal Delayed". Bloomberg.{{cite news}}: CS1 maint: multiple names: authors list (link)
  13. "Derk J Haank, Springer Science+Business: Profile and Biography". Bloomberg.com. Retrieved 2021-03-08.
  14. "Derk Haank, Chief Executive Officer to retire and to be succeeded by Daniel Ropers". www.springer.com. Retrieved 2021-03-08.
  15. "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015.
  16. "Executive Team | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  17. "Springer Nature Announces CEO Succession: Frank Vrancken Peeters appointed Chief Executive Officer. Daniel Ropers to step down. | Corporate Affairs Homepage | Springer Nature". group.springernature.com.
  18. "Policies, Reports and Acts | Springer Nature | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  19. "Springer Nature reports 15.12% pay gap". www.thebookseller.com. The Bookseller. Retrieved 2019-08-11.
  20. "Springer Nature Gender Pay Gap Report – April 2018 - EN | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  21. "Springer Nature Group | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  22. "Heinrich Vogel Shop". www.heinrich-vogel-shop.de. Retrieved 2021-03-08.{{cite web}}: CS1 maint: url-status (link)
  23. Hernández, Javier C. (2017-11-01). "Leading Western Publisher Bows to Chinese Censorship (Published 2017)". The New York Times. ISSN   0362-4331 . Retrieved 2021-03-08.
  24. "The Mystery of the Exiled Billionaire Whistle-Blower". January 10, 2018.
  25. retractionwatch (3 April 2020). "A snake bites once, but its picture is used twice".
  26. Tang, Jane (1 September 2020). "Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name". Radio Free Asia . Retrieved 1 September 2020.
  27. Charlie Parker (October 10, 2020). "Taiwan academics told to identify as Chinese in journal". The Times .
  28. retractionwatch (31 July 2020). "Springer Nature retracts paper that hundreds called 'overtly racist'".
  29. Isaac Schultz (6 November 2021). "Science Publisher Retracts 44 Papers for Being Utter Nonsense". Gizmodo.
  30. Marcus, Adam (November 4, 2021). "Springer Nature geosciences journal retracts 44 articles filled with gibberish". Retraction Watch. Retrieved September 14, 2022.