IHS Inc.
 |
|
| Public | |
| Traded as | NASDAQ: INFO |
| Industry | Information Services |
| Founded | 1959 |
| Headquarters | Ropemaker Place, 25 Ropemaker Street London, EC2Y 9LY , United Kingdom |
|
Key people
|
Jerre Stead (CEO IHS Markit) & Lance Uggla (President IHS Markit) |
| Revenue | US$ 2.735 billion (2016) |
| US$ 987.7 million (2016) | |
| US$ 152.8 million (2016) | |
| Total assets | US$ 13.941 billion (2016) |
| Total equity | US$ 8.105 billion (2016) |
|
Number of employees
|
8,800 |
| Subsidiaries |
Cambridge Energy Research Associates, Global Insight, Jane's Information Group Prime Publications Limited John S. Herold, Inc. |
| Website | ihsmarkit.com |
IHS Markit Ltd. (INFO, Information Handling Services) is a company based in London, United Kingdom.
IHS provides information and analysis to support the decision-making process of businesses and governments in industries such as 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.
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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