IHS Markit

IHS Markit Ltd[5] is a London–based global information provider[2] formed in 2016 with the merger of IHS Inc. and Markit Ltd.[6][7]

IHS Markit Ltd.
Public
Traded asNYSE: INFO
S&P 500 Component
ISINBMG475671050 
IndustryInformation services
Founded1959[1]
Headquarters
London
,
United Kingdom[2]
Key people
Lance Uggla (Chairman & CEO)[3]
RevenueUS$3.6 billion (2017)
US$524.2 million (2017)
US$416.9 million (2017)
Total assetsUS$14.554 billion (2017)
Total equityUS$8.004 billion (2017)
Number of employees
14,000[4]
SubsidiariesCambridge Energy Research Associates, Global Insight, Jane's Information Group, Carfax, Inc.
Prime Publications Limited
John S. Herold, Inc.
Websiteihsmarkit.com

Some parts of this company are pre-1800.

History

One part of this conglomerate originally was a firm that assigns IMO identification numbers for ships, companies and registered owners.[8] It has since grown to incorporate other companies in the information services sector, many dating back to the late 1700s and 1800s. These include Cambridge Energy Research Associates, Global Insight, Jane's Information Group, Carfax, Inc., Prime Publications Limited, and John S. Herold, Inc.

In 2016 Englewood, Colorado–based IHS and London-based Markit merged. Information Handling Services (IHS)[9] "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases."[10] Jerre Stead was the chief executive from 2006 to 2013 and from 2015 until the merger with Markit.[10]

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing.[11][12][13] The company grew via joint ventures and by acquiring other companies,[14][15][16][17] merging with IHS in 2016.

1959

IHS's founding date refers to a 1959-initiated publication about microfilm[18] begun by an Englewood, Colorado-based former RELX- precursor which Norman L. Cahners'[19] 1945-initiated publishing empire, led by Modern Materials Handling[20] acquired and expanded.

IHS Markit acquisitions
  • September 18, 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million. .[21][22]
  • September 26, 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry.[23]
  • September 26, 2017: Macroeconomic Adviser, an independent research firm forecasting the US economy.[24]
  • August 3, 2018: Ipreo, software solutions and data provider in global capital markets.[25][26]
  • October 10, 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[27][28]

References
  1. "IHS Markit - History". Retrieved April 16, 2018.
  2. "IHS Markit Returns to Profit, Posts Better-Than-Expected quarterly results". The Wall Street Journal. January 17, 2017. The London-based data and analytics firm, formed by the 2016 merger of IHS Inc. and Markit Ltd.
  3. "About Us". IHSmarkit. Retrieved April 16, 2018.
  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 (July 11, 2016). "IHS, Markit shareholders OK $13B merger". Denver Business Journal. Retrieved July 13, 2016.
  6. "IHS and Markit to merge in deal valued at more than $13B". CNBC. March 21, 2016. IHS and Markit ... announced plans to merge
  7. "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo" (Press release). IHS Online Newsroom. Retrieved April 10, 2018.
  8. "IMO Identification Numbers for Ships, Companies and Registered Owners / About". IHS Markit. Retrieved August 19, 2018.
  9. "Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network". aviationweek.com. Retrieved January 9, 2020.
  10. Picker, Leslie (March 21, 2016). "IHS and Markit, Providers of Data and Analytics, Agree to Merge". The New York Times.
  11. "Plumbers in suits". The Economist. July 6, 2013.
  12. Natalie Harrison (November 14, 2007). "Markit says buys IIC, agrees to buy CDS IndexCo". Reuters. Retrieved December 14, 2007.
  13. Markit USD Interest Rate Curve XML Specification (PDF) (Report). Markit. March 30, 2009.
  14. Dave Valiante (July 28, 2008). "JPMorgan's FCS Corporation Acquired By Markit". WallStreetAndTech.com (Wall Street & Technology). Archived from the original on July 18, 2011. Retrieved September 21, 2008.
  15. "Markit Buying Owners of iTraxx, CDX Credit Indexes". Bloomberg. November 14, 2007. Retrieved December 14, 2007.
  16. William Alden (May 5, 2014). "Financial Data Company Markit Files for I.P.O." The New York Times. Retrieved May 5, 2014.
  17. "Markit IPO jumps after selling shares". USA Today. June 19, 2014.
  18. "IHS Markit". Get Search. Retrieved January 9, 2020.
  19. "Norman L. Cahners". The New York Times. March 18, 1986.
  20. Robert Lee Brewer (September 1, 2015). Writer's Market 2016: The Most Trusted Guide to Getting Published. F+W Media, Inc. p. 688. ISBN 978-1-59963-937-6.
  21. "Global Insight bought in deal worth $200m". J.Y. Design Blog. September 19, 2008. Archived from the original on October 18, 2008. Retrieved June 16, 2013.
  22. "Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy". Boston Globe. September 19, 2008.
  23. "IHS Markit Announces Acquisition of automotiveMastermind Inc., Leader in Predictive Analytics for the Automotive Industry". www.businesswire.com. September 26, 2017. Retrieved January 9, 2020.
  24. "To make better decisions, you need to see the big picture". IHS Markit. Retrieved January 9, 2020.
  25. Lauren Ohnesorge (August 2, 2018). "Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says". Triangle Business Journal.
  26. "IHS Markit Completes Acquisition of Ipreo". www.businesswire.com. August 2, 2018. Retrieved January 9, 2020.
  27. "IHS Markit Acquires Novation Analytics". www.bloomberg.com. Retrieved April 3, 2020.
  28. FinSMEs (October 10, 2019). "IHS Markit Buys Novation Analytics". FinSMEs. Retrieved April 3, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.