[1] The company was founded in 2011 by the scientists Janne Kotiaho, Mikko Mönkkönen, and Janne-Tuomas Seppänen in Jyväskylä, Finland.
[5] Despite patronage from several paying customers, including the Society for Conservation Biology, Springer Nature, and Taylor & Francis, the company failed to expand its market base (it received only 102 submissions in 2017 and only 60% of submissions received at least one publishing offer)[6] and went out of business soon after.
The service had several practices that differed from the traditional approaches to academic peer review and submissions.
"[7] Journals participating in the system's Select option had concurrent access to all peer review processes.
Peerage of Science had such contracts with e.g. Springer,[8] Taylor & Francis, BioMed Central, Elsevier and Brill.