IHS Markit Ltd. (INFO, Information Handling Services Markit) is a company based in London, United Kingdom.
IHS Markit provides information and analysis to support the decision-making process of businesses and governments in industries such as financials markets; aerospace, defense and security; automotive; chemical; energy; maritime and trade; and technology.
The previously announced deal to merge IHS and Markit closed on July 13, 2016.
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History
In 1959, the Rogers Publishing Company, a publisher of technical news magazines, began indexing product catalogs on microfilm. Microfilming allowed catalogs to be updated without the expense of traditional publishing. In 1961, when Rogers was bought by Cahners Publishing, the catalogs division became Information Handling Services (IHS). IHS initially served the aerospace industry. Early clients included Martin Marietta and Convair. The United States Army Missile Command (MICOM) (now a part of the United States Army Aviation and Missile Command (AMCOM)) contracted with IHS to develop a common parts file to be used by contractors designing new products. In the 1980s, with the advent of the personal computer, IHS added electronic databases and full text CD-ROMs to its delivery methods. In the 1990s, IHS embraced the Internet by distributing its information products through online databases. IHS also expanded beyond the aerospace and defense industries to focus on the energy industry, while continuing to serve the automotive, construction, and electronics sectors. In 2005, IHS became a publicly traded company (NYSE: IHS) and changed its name from Information Handling Services to IHS Inc. IHS is classified as belonging to the publications industry. Since that time, IHS continues to grow both organically and through acquisitions adding additional products and services and expanding the list of industries it serves. IHS (NYSE: IHS) and Markit (NASDAQ: MRKT) announced the signing of a definitive agreement under which the companies combined an all-share merger of equals to create a global leader in critical information, analytics and solutions on March 21, 2016. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction was valued at more than $13 billion. Upon completion of the merger, the combined company was renamed IHS Markit and the headquarters moved from Englewood, Colorado to London, UK. However, certain key operations are still based in Englewood, Colorado.
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Supported industries and business processes
IHS Markit provides products and services in the following industries:
- Aerospace, defense and security
- Automotive
- Chemical
- Economics & Country Risk
- Energy
- Financial Markets
- Maritime and Trade
- Technology, Media & Telecom
- Healthcare & Pharmaceuticals
Products and services
IHS Markit offers four broad categories of products and services:
- Industry data and analyses
- Technical documents
- Custom software applications
- Consulting services and industry expertise
Industry information
IHS analyzes and distributes information on Aerospace, Defense and Security; Automotive; Chemical; Economics & Country Risk; Energy; Finance; Maritime & Trade, Technology, Healthcare & Pharmaceuticals, to customers in more than 150 countries.
Technical documents
IHS distributes technical documents, such as:
- Domestic and international standards developed by Standards Development Organizations (SDOs) such as the Telecommunications Industry Association, ASTM International (ASTM), ESDU (now owned by IHS), and the Institute of Electrical and Electronics Engineers (IEEE).
- Regulatory guideline information and documentation including Restriction of Hazardous Substances Directive (RoHS) and Waste Electrical and Electronic Equipment (WEEE).
Custom software applications
IHS develops custom software applications that integrate IHS information databases with their clients' in-house management software applications, such as:
- Enterprise resource planning (ERP)
- Product lifecycle management (PLM)
Consulting services
IHS provides consulting services across a wide array of industries, including Aerospace, Defense and Security; Automotive; Chemical; Economics & Country Risk; Energy; Finance; Maritime & Trade, Technology, Healthcare & Pharmaceuticals, drawing on expertise from acquired companies such as: CERA, Jane's, Herold, iSuppli, Global Insight, Polk, Carfax, JOC, and Fairplay.
Acquisitions
IHS has embarked on an aggressive acquisition program in the last several years, acquiring the following companies, among others:
- CAPS (Computer Assisted Product Selection) electronics component database of PartMiner.
- 1996- Information Handling Service Purchases Petroconsultants S. A out of Geneve Switzerland. This acquisition was the first of many acquisitions to provide IHS with the detailed Exploraiton and Production Databases. Petroconsultants S. A. was approximately 350 employees providing details on the worlds Oil and Gas Wells, fields, Basins, Surveys, Licensing, Economics, Legal, Fiscal and Contractual terms for E and P Activity Globally.
- 1997- Information Handling Service purchases PI/Dwights. This purchase provided the full United States data coverage providing Well and Production Data. This formed a division called IHS Energy Group.
- 1998- Information Handling Service purchases MAI Consultants who provided QUE$TOR software and databases to provide detailed costs data for activity around the world.
- 1998- Information Handling Service purchased IEDS, a UK based company that had a detailed Far East database and research as well as emerging research in other regions around the world. Their research and leadership were leveraged in the emerging Global integration of research by combined companies.
- 2001- Information Handling Service purchases Petroleum Data Services which provided detailed Log Services to the USA data compilation. This provided much more deep data within North America.
- 2001- IHS purchases AccuMap-Enerdata, which provides the detailed Canadian Exploration and Production Databases.
- 2003- IHS purchases International Petrodata Ltd. Providing Canadian Well Bore Data.
- 2003- IHS purchases iMonitoring from Luna Innovations which provided real time monitoring of production using Cellular technologies. This was later resold to another entity Ferguson Beauregard
- 2003- IHS purchases GeoFluids data and software from Rakhit Petroleum Consulting
- 2004- IHS purchases CERA - Cambridge Energy Research Associates, a company founded by Pulitzer Prize Author Dan Yergin.
- 2004- IHS Purchases Central Marketing and Advantage Programs which provided Canadian Seismic Data details
- 2006- IHS Purchases Canadian Hydrodynamics which provided DST research
- 2006- IHS Purchases GeoPlus the company that had PETRA Software for doing Geologic interpretations
- 2006- IHS purchases Nixon Digital Data Logs which provides log data for South Texas
- 2007- IHS purchases John S. Herold, who has detailed information on the Valuation, Strategy and Performance of over 350 public ally traded companies as well as the most comprehensive Transaction Database covering the upstream Exploration and Production.
- 2007- IHS Purchases three North American companies providing interpreted Well Top Information which provides the most comprehensive database of interpreted tops. Companies purchased included Exploration Data Services, GCS and GDS.
- 2007- IHS purchases RapiData which provided detailed Canadian Well Test, pressure and completion data.
- 2007- IHS Purchases SDG oil and Gas A boutique Consulting group.
- 2007- IHS purchases Global Insight, the world's largest economics organization, serving over 3,800 clients in industry, finance and government worldwide, with revenues of over $95 million (*in 2006) and employing more than 600 economists and other staff in 23 offices in 13 countries.
- 2007- IHS Purchases Jane's Information Group, a global information provider to the aerospace and aero-defense industries and to government agencies. Jane's publishes the renowned Jane's Fighting Ships and Jane's Defence Weekly.
- 2007- IHS Purchases McCloskey Group, a Leading Coal Markets Research Firm. .
- 2008- Prime Publications Limited, which owns Fairplay magazine and 50 percent of Lloyd's Register-Fairplay Limited, a leading source of global maritime information.
- 2009- the remaining 50 percent of Lloyd's Register - Fairplay was acquired from Lloyd's Register The division was renamed IHS Fairplay.
- March 17, 2010- Detroit-based automotive forecasting firm CSM Worldwide; the purchase price is approximately $27 million.
- May 5, 2010- Quantitative Micro Software, developer of EViews, for approximately $40 million.
- September 7, 2010- the Chemical and Energy Products from Access Intelligence.
- November 2, 2010- technology research specialist iSuppli and London-based media research company Screen Digest for $95m.
- April 18, 2011- market intelligence company ODS-Petrodata
- May 4, 2011- CMAI (chemicals industry information), CSM (South America) (automotive industry information) and EIATrack (environmental regulation information)
- August 11, 2011- Seismic Micro-Technology.
- November 11, 2011- Energy Consultants Purvin & Gertz.
- March 22, 2012- IMS Research
- July 11, 2012- Invention Machine, a leader in semantic search technology.
- July 12, 2012- GlobalSpec, Inc. (Engineering Data/Specs)
- April 5, 2013- Fekete Associates, reservoir engineering software and services company.
- June 20, 2013- PFC Energy, global consulting firm specializing in the oil and gas industry.
- July 15, 2013- R.L. Polk & Company, owner of Carfax; information and analytics provider for the Automotive industry.
- November 6, 2014- DisplaySearch and Solarbuzz.
- November 11, 2014- JOC Group (the Journal of Commerce), the World's Leading Supplier of U.S. Seaborne Import and Export Trade Data
- December 16, 2014- Infonetics, an international market research firm that serves the global communications technology market [24]
- April 20, 2015- RootMetrics, an industry leader in wireless network analytics company
- February 10, 2016- OPIS (Oil price information service) One of the world's most comprehensive sources for petroleum pricing and news information.
References
External links
- Official website
- IHS Standards Store
Source of the article : Wikipedia
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