Wikipedia

IHS Markit

IHS Markit Ltdwas an information services provider that completed amergerwithS&P Globalin 2022.[6][2]Headquartered inLondon,it was formed in 2016 with the merger of IHS Inc. andMarkitLtd.[7][8][9]

IHS Markit Ltd.
Company typeSubsidiary
NYSE:INFO
IndustryInformation services
Founded1959;65 years ago(1959)[1](as Information Handling Services)
FounderAmy W. Yeh
Headquarters
London
,
United Kingdom[2]
Key people
[3]
RevenueIncreaseUS$4.658 billion(2021)[4]
IncreaseUS$1.561 billion(2021)[4]
IncreaseUS$1.206 billion(2021)[4]
Total assetsIncreaseUS$16.913 billion(2021)[4]
Total equityIncreaseUS$9.489 billion(2021)[4]
Number of employees
14,000[5]
ParentS&P Global
SubsidiariesCambridge Energy Research Associates,Global Insight,Carfax, Inc.
Websiteihsmarkit.com

History

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IHS

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

It subsequently grew to incorporate other companies in the information services sector such asCambridge Energy Research Associates,Global Insight,Jane's Information Group,Prime Publications Limited, and John S. Herold, Inc.[12]

In 2008, IHS acquiredFairplay,a firm that assignsIMO identification numbersfor ships, companies and registered owners.[13]

In 2016,Englewood, Colorado-based IHS and London-based Markit merged. Jerre Stead was chief executive of the pre-merger IHS Inc. from 2006 to 2013 and from 2015 until the merger with Markit.[11]

Markit

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Markitwas founded in 2003 as Mark-it Partners, a financial data provider for dailycredit default swappricing.[14][15][16]The company grew viajoint venturesand by acquiring other companies,[17][18][19][20]merging with IHS in 2016.

S&P Global

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On 30 November 2020,S&P Globaland IHS Markit released information about a definitive all-stock deal[clarification needed]for around $44 billion, a deal which would be the largest of the year globally, according toDealogicdata.[21][22]On September 9, 2021,GlobalDataannounced its purchase of the Pricing and Reimbursement dataset from IHS Markit.[23]In December 2021, the IHS Markit announced its intention to sell Base Chemicals toNews Corpfor a reported $295 million as part of an effort to alleviate concerns about competitive effects.[24]The purchase by S&P Global was finalized on 28 February 2022.[25]

IHS Markit acquisitions

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  • 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organizationGlobal Insightfor $200 million.[26][27]
  • 10 June 2013:R.L. Polk & Company,a provider of auto-industry data including used-car history company Carfax, for $1.4 billion.[28]
  • 26 September 2017: automotiveMastermind Inc., a provider ofpredictive analyticsand marketing automation for the automotive industry.[29]
  • 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.[30]
  • 3 August 2018: Ipreo, software solutions and data provider in global capital markets.[31][32]
  • 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[33][34]
  • 2019: AcquiredInforma's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (includingScreen Digest).[35]
  • 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

References

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  1. ^"IHS Markit – History".RetrievedApril 16,2018.
  2. ^ab"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.RetrievedApril 16,2018.
  4. ^abcde"IHS Markit Reports Fourth Quarter 2021 Results".businesswire.com.2022.RetrievedMarch 8,2022.
  5. ^"IHS Careers".Archived fromthe originalon February 25, 2021.RetrievedMay 22,2018.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.
  6. ^Mark Harden (July 11, 2016)."IHS, Markit shareholders OK $13B merger".Denver Business Journal.RetrievedJuly 13,2016.
  7. ^"IHS and Markit to merge in deal valued at more than $13B".CNBC. March 21, 2016.IHS and Markit... announced plans to merge
  8. ^"IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo"(Press release). IHS Online Newsroom.RetrievedApril 10,2018.
  9. ^"S&P Global and IHS Markit Complete Merger".News Release Archive.RetrievedSeptember 23,2022.
  10. ^"Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network".aviationweek.com.RetrievedJanuary 9,2020.
  11. ^abPicker, Leslie (March 21, 2016)."IHS and Markit, Providers of Data and Analytics, Agree to Merge".The New York Times.
  12. ^"Our History".spglobal.com.RetrievedNovember 27,2022.
  13. ^"IMO Identification Numbers for Ships, Companies and Registered Owners / About".IHS Markit.RetrievedAugust 19,2018.
  14. ^"Plumbers in suits".The Economist.July 6, 2013.
  15. ^Natalie Harrison (November 14, 2007)."Markit says buys IIC, agrees to buy CDS IndexCo".Reuters.RetrievedDecember 14,2007.
  16. ^Markit USD Interest Rate Curve XML Specification(PDF)(Report). Markit. March 30, 2009.
  17. ^Dave Valiante (July 28, 2008)."JPMorgan's FCS Corporation Acquired By Markit".WallStreetAndTech.com (Wall Street & Technology).Archived fromthe originalon July 18, 2011.RetrievedSeptember 21,2008.
  18. ^"Markit Buying Owners of iTraxx, CDX Credit Indexes".Bloomberg. November 14, 2007.RetrievedDecember 14,2007.
  19. ^William Alden (May 5, 2014)."Financial Data Company Markit Files for I.P.O."The New York Times.RetrievedMay 5,2014.
  20. ^"Markit IPO jumps after selling shares".USA Today.June 19, 2014.
  21. ^Hoffman, Cara Lombardo And Liz (November 30, 2020)."WSJ News Exclusive | S&P Global Nears Deal to Buy IHS Markit for About $44 Billion".Wall Street Journal.ISSN0099-9660.RetrievedNovember 30,2020.
  22. ^"S&P Global and IHS Markit to Merge in All-Stock Transaction Valuing IHS Markit at $44 Billion, Powering the Markets of the Future".ihsmarkit.com.RetrievedJuly 21,2021.
  23. ^"GlobalData buys drug pricing coverage business of IHS Markit".September 9, 2021.
  24. ^Grossman, Matt (December 27, 2021)."S&P Global, IHS Markit to Sell Businesses Ahead of Merger".The Wall Street Journal.RetrievedJanuary 27,2022.
  25. ^Basar, Shanny (March 7, 2022)."Embracing Change in a New World".Best Execution.RetrievedApril 27,2022.
  26. ^"Global Insight bought in deal worth $200m".J.Y. Design Blog.September 19, 2008. Archived fromthe originalon October 18, 2008.RetrievedJune 16,2013.
  27. ^"Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy".Boston Globe.September 19, 2008.
  28. ^"IHS to acquire Polk in $1.4 billion deal - Carfax makes up 60% of Polk's revenue, investors told".Automotive News.June 10, 2013.RetrievedNovember 9,2020.
  29. ^"IHS Markit Announces Acquisition of automotiveMastermind Inc., Leader in Predictive Analytics for the Automotive Industry".www.businesswire.com.September 26, 2017.RetrievedJanuary 9,2020.
  30. ^"IHS Markit acquires Macroeconomic Advisers".IHS Markit.September 26, 2017.
  31. ^Lauren Ohnesorge (August 2, 2018)."Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says".Triangle Business Journal.
  32. ^"IHS Markit Completes Acquisition of Ipreo".www.businesswire.com.August 2, 2018.RetrievedJanuary 9,2020.
  33. ^"IHS Markit Acquires Novation Analytics".Bloomberg.com.October 10, 2019.RetrievedApril 3,2020.
  34. ^FinSMEs (October 10, 2019)."IHS Markit Buys Novation Analytics".FinSMEs.RetrievedApril 3,2020.
  35. ^"IHS Markit swaps group that researches optical communications for Informa's agribusiness unit".Lightwave.May 24, 2019.RetrievedNovember 29,2019.
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