Company type | Subsidiary |
---|---|
NYSE: INFO | |
Industry | Information services |
Founded | 1959[1] (as Information Handling Services) |
Founder | Amy W. Yeh |
Headquarters | , United Kingdom[2] |
Key people | [3] |
Revenue | US$4.658 billion (2021)[4] |
US$1.561 billion (2021)[4] | |
US$1.206 billion (2021)[4] | |
Total assets | US$16.913 billion (2021)[4] |
Total equity | US$9.489 billion (2021)[4] |
Number of employees | 14,000[5] |
Parent | S&P Global |
Subsidiaries | Cambridge Energy Research Associates, Global Insight, Carfax, Inc. |
Website | ihsmarkit |
IHS Markit Ltd was an information services provider that completed a merger with S&P Global in 2022.[6][2] Headquartered in London, it was formed in 2016 with the merger of IHS Inc. and Markit Ltd.[7][8][9]
History
IHS
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 as Cambridge Energy Research Associates, Global Insight, Jane's Information Group, Prime Publications Limited, and John S. Herold, Inc.[12]
In 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for 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
Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing.[14][15][16] The company grew via joint ventures and by acquiring other companies,[17][18][19][20] merging with IHS in 2016.
S&P Global
On 30 November 2020, S&P Global and 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 to Dealogic data.[21][22] On September 9, 2021, GlobalData announced 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 to News Corp for 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
- 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $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 of predictive analytics and 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: Acquired Informa's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including Screen Digest).[35]
- 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.
References
- ^ "IHS Markit – History". Retrieved April 16, 2018.
- ^ a b "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.
- ^ "About Us". IHSmarkit. Retrieved April 16, 2018.
- ^ a b c d e "IHS Markit Reports Fourth Quarter 2021 Results". businesswire.com. 2022. Retrieved March 8, 2022.
- ^ "IHS Careers". Archived from the original on February 25, 2021. Retrieved May 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.
- ^ Mark Harden (July 11, 2016). "IHS, Markit shareholders OK $13B merger". Denver Business Journal. Retrieved July 13, 2016.
- ^ "IHS and Markit to merge in deal valued at more than $13B". CNBC. March 21, 2016.
IHS and Markit ... announced plans to merge
- ^ "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo" (Press release). IHS Online Newsroom. Retrieved April 10, 2018.
- ^ "S&P Global and IHS Markit Complete Merger". News Release Archive. Retrieved September 23, 2022.
- ^ "Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network". aviationweek.com. Retrieved January 9, 2020.
- ^ a b Picker, Leslie (March 21, 2016). "IHS and Markit, Providers of Data and Analytics, Agree to Merge". The New York Times.
- ^ "Our History". spglobal.com. Retrieved November 27, 2022.
- ^ "IMO Identification Numbers for Ships, Companies and Registered Owners / About". IHS Markit. Retrieved August 19, 2018.
- ^ "Plumbers in suits". The Economist. July 6, 2013.
- ^ Natalie Harrison (November 14, 2007). "Markit says buys IIC, agrees to buy CDS IndexCo". Reuters. Retrieved December 14, 2007.
- ^ Markit USD Interest Rate Curve XML Specification (PDF) (Report). Markit. March 30, 2009.
- ^ 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.
- ^ "Markit Buying Owners of iTraxx, CDX Credit Indexes". Bloomberg. November 14, 2007. Retrieved December 14, 2007.
- ^ William Alden (May 5, 2014). "Financial Data Company Markit Files for I.P.O." The New York Times. Retrieved May 5, 2014.
- ^ "Markit IPO jumps after selling shares". USA Today. June 19, 2014.
- ^ 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. ISSN 0099-9660. Retrieved November 30, 2020.
- ^ "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. Retrieved July 21, 2021.
- ^ "GlobalData buys drug pricing coverage business of IHS Markit". September 9, 2021.
- ^ Grossman, Matt (December 27, 2021). "S&P Global, IHS Markit to Sell Businesses Ahead of Merger". The Wall Street Journal. Retrieved January 27, 2022.
- ^ Basar, Shanny (March 7, 2022). "Embracing Change in a New World". Best Execution. Retrieved April 27, 2022.
- ^ "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.
- ^ "Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy". Boston Globe. September 19, 2008.
- ^ "IHS to acquire Polk in $1.4 billion deal - Carfax makes up 60% of Polk's revenue, investors told". Automotive News. June 10, 2013. Retrieved November 9, 2020.
- ^ "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.
- ^ "IHS Markit acquires Macroeconomic Advisers". IHS Markit. September 26, 2017.
- ^ Lauren Ohnesorge (August 2, 2018). "Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says". Triangle Business Journal.
- ^ "IHS Markit Completes Acquisition of Ipreo". www.businesswire.com. August 2, 2018. Retrieved January 9, 2020.
- ^ "IHS Markit Acquires Novation Analytics". Bloomberg.com. October 10, 2019. Retrieved April 3, 2020.
- ^ FinSMEs (October 10, 2019). "IHS Markit Buys Novation Analytics". FinSMEs. Retrieved April 3, 2020.
- ^ "IHS Markit swaps group that researches optical communications for Informa's agribusiness unit". Lightwave. May 24, 2019. Retrieved November 29, 2019.
External links
- Official website
- Historical business data for IHS Markit:
- SEC filings