IHS Markit

IHS Markit
Public
Traded as NASDAQ: INFO
S&P 500 Component
Industry Information Services
Founded 1959[1]
Headquarters London [2], United Kingdom
Key people
 Lance Uggla (Chairman & CEO) [3]
Revenue US$ 3.6 billion (2017)
US$ 524.2 million (2017)
US$ 416.9 million (2017)
Total assets US$ 14.554 billion (2017)
Total equity US$ 8.004 billion (2017)
Number of employees
 14,000 [4]
Subsidiaries Cambridge Energy Research Associates, Global Insight, Jane's Information Group, Carfax, Inc.
Prime Publications Limited
John S. Herold, Inc.
Website ihsmarkit.com

IHS Markit Ltd[5] is a London-based global information provider [6] that was formed in 2016 when IHS Inc. and Markit Ltd. merged.[7][8]

History

The company, which is followed by The Wall Street Journal.[9] has grown by acquiring companies of information and expert industry, many dating back to the late 1700s and 1800s.

In 2016 Englewood, CO-based IHS and London-based Markit merged.

IHS

Information Handling Services (IHS)[10] "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases."[11]

Markit

Markit, was founded in 2003 as Mark-it Partners, a financial data provider for daily Credit default swap pricing.[12][13][14]

The company grew via joint ventures and by acquiring other companies,[15][16][17][18] merging in 2016 with IHS.

IHS Markit Acquisitions

  • September 26, 2017 - automotiveMastermind Inc., a leading provider of predictive analytics and marketing automation for the automotive industry.
  • September 26, 2017 - Macroeconomic Advisers, an independent research firm widely recognized as one of the most respected forecasters of the US economy.
  • August 03, 2018 - Ipreo, Leading Software Solutions and Data Provider in Global Capital Markets.

References

  1. ↑ "IHS Markit - History". Ihsmarkit.com. Retrieved 2018-04-16.
  2. ↑ "IHS Markit - Locations". Ihsmarkit.com. Retrieved 2018-04-16.
  3. ↑ "About Us". ihsmarkit.com. Retrieved 2018-04-16.
  4. ↑ "IHS Careers". We are over 14,000 professional thought leaders, subject matter experts, analysts and consultants from 34 countries who see the world through an entrepreneurial lens.
  5. ↑ Mark Harden (11 July 2016). "IHS, Markit shareholders OK $13B merger". Denver Business Journal. Retrieved 13 July 2016.
  6. ↑ "Headquartered in London, IHS Markit is committed to sustainable, profitable growth". Retrieved 2018-04-17.
  7. ↑ "IHS and Markit to merge in deal valued at more than $13B". cNBC.com. March 21, 2016. IHS and Markit .. announced plans to merge
  8. ↑ "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo - IHS Online Newsroom". press.ihs.com. Retrieved 10 April 2018.
  9. ↑ |url=https://quotes.wsj.com/INFO |title=IHS Markit Ltd. INFO (U.S.: Nasdaq) |accessdate=October 3, 2018}}
  10. ↑ "Information Handling Services (IHS) ..."
  11. ↑ "IHS and Markit, Providers of Data and Analytics, Agree to Merge". NYTimes.com. March 22, 2016.
  12. ↑ "Plumbers in suits". The Economist. July 6, 2013.
  13. ↑ Natalie Harrison (November 14, 2007). "Markit says buys IIC, agrees to buy CDS IndexCo". Reuters. Retrieved December 14, 2007.
  14. ↑ Markit USD Interest Rate Curve XML Specification (PDF) (Report). Markit. March 30, 2009.
  15. ↑ Dave Valiante (July 28, 2008). "JPMorgan's FCS Corporation Acquired By Markit". WallStreetAndTech.com (Wall Street & Technology). Retrieved September 21, 2008.
  16. ↑ "Markit Buying Owners of iTraxx, CDX Credit Indexes". Bloomberg. November 14, 2007. Retrieved December 14, 2007.
  17. ↑ William Alden (May 5, 2014). "Financial Data Company Markit Files for I.P.O." The New York Times. Retrieved May 5, 2014.
  18. ↑ "Markit IPO jumps after selling shares". USA Today. June 19, 2014.
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