Our strategy involves continuous innovation and enhancing our expert solutions suite for professionals. Our centers of excellence and task forces help us anticipate and respond to market trends relating to customer needs, regulation and technological changes
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.
This business strategy, which will fuel our success and drive our day-to-day operations from 2019 through 2021, consists of three pillars. These pillars reflect our strategic priorities and form the foundation for executing our strategy across our portfolio for the next three years:
- Drive global scale and expand leading positions
- Extend into adjacencies
- Develop strategic partnerships
- Enrich domain expertise with advanced technologies and deliver actionable intelligence into the customer workflow
- Enhance customer experience through differentiated user interfaces
- Continue to invest 8 to 10% of revenues in new or enhanced products
- Leverage global brand and strengthen go-to-market
- Enhance back-office systems, infrastructure and digital platforms
- Attract and develop talent
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.
In the first year of this plan, we made progress on several fronts. 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.