Company:IHS Markit

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Short description: U.K.-based information company
IHS Markit Ltd.
TypePublic
NYSE: INFO
S&P 500 Component
IndustryInformation services
Founded1959; 65 years ago (1959)[1] (as Information Handling Services)
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, Carfax, Inc.
Prime Publications Limited
John S. Herold, Inc.
Websiteihsmarkit.com

IHS Markit Ltd is an information provider[5][2] with headquarters in London. It was formed in 2016 with the merger of IHS Inc. and Markit Ltd.[6][7]

On 30 November 2020, S&P Global and IHS Markit released information about a definitive all-stock deal for around $44 billion, a deal which would be the largest of the year globally, according to Dealogic data.[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] IHS's founding date refers to a 1959-initiated publication about microfilm[12] begun by an Englewood, Colorado-based former RELX- precursor which Norman L. Cahners'[13] 1945-initiated publishing empire, led by Modern Materials Handling[14] acquired and expanded.

It subsequently grew 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 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for ships, companies and registered owners.[15]

Markit

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing.[16][17][18] The company grew via joint ventures and by acquiring other companies,[19][20][21][22] merging with IHS in 2016.

Merger

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

IHS Markit acquisitions

  • 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million.[23][24]
  • 10 June 2013: R.L. Polk, a provider of auto-industry data including used-car history company Carfax, for $1.4 billion.[25]
  • 26 September 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry.[26]
  • 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.[27]
  • 3 August 2018: Ipreo, software solutions and data provider in global capital markets.[28][29]
  • 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[30][31]
  • 2019: Acquired Informa's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including Screen Digest.[32]
  • 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

References

  1. ↑ "IHS Markit – History". https://ihsmarkit.com/about/history.html. 
  2. ↑ 2.0 2.1 "IHS Markit Returns to Profit, Posts Better-Than-Expected quarterly results". The Wall Street Journal. January 17, 2017. https://www.wsj.com/articles/ihs-markit-returns-to-profit-posts-better-than-expected-quarterly-results-1484654761. "The London-based data and analytics firm, formed by the 2016 merger of IHS Inc. and Markit Ltd." 
  3. ↑ "About Us". https://ihsmarkit.com/experts/lance-uggla.html. 
  4. ↑ "IHS Careers". https://careers.ihsmarkit.com. "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. http://www.bizjournals.com/denver/news/2016/07/11/ihs-markit-shareholders-ok-merger-deal-set-to.html. 
  6. ↑ "IHS and Markit to merge in deal valued at more than $13B". CNBC. March 21, 2016. https://www.cnbc.com/2016/03/21/ihs-and-markit-to-merge-in-deal-valued-at-more-than-13b.html. "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. ↑ Hoffman, Cara Lombardo And Liz (2020-11-30). "WSJ News Exclusive | S&P Global Nears Deal to Buy IHS Markit for About $44 Billion" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/s-p-global-in-advanced-talks-to-buy-ihs-markit-for-about-44-billion-11606697244. 
  9. ↑ "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. https://investor.ihsmarkit.com/news-releases/news-release-details/sp-global-and-ihs-markit-merge-all-stock-transaction-valuing-ihs. Retrieved 2021-07-21. 
  10. ↑ "Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network". https://aviationweek.com/information-handling-services-ihs-acquired-usa-information-systems. 
  11. ↑ 11.0 11.1 Picker, Leslie (March 21, 2016). "IHS and Markit, Providers of Data and Analytics, Agree to Merge". The New York Times. https://www.nytimes.com/2016/03/22/business/dealbook/ihs-markit-deal.html. 
  12. ↑ "IHS Markit". https://infofsearch.blogspot.com/2018/01/ihs-markit.html. 
  13. ↑ "Norman L. Cahners". The New York Times. March 18, 1986. https://www.nytimes.com/1986/03/18/obituaries/norman-l-cahners.html. 
  14. ↑ Robert Lee Brewer (2015). Writer's Market 2016: The Most Trusted Guide to Getting Published. F+W Media, Inc.. p. 688. ISBN 978-1599639376. https://books.google.com/books?id=zsA_CgAAQBAJ&pg=PA688. 
  15. ↑ "IMO Identification Numbers for Ships, Companies and Registered Owners / About". IHS Markit. https://www.imonumbers.lrfairplay.com/Home/About. 
  16. ↑ "Plumbers in suits". The Economist. July 6, 2013. https://www.economist.com/news/finance-and-economics/21580494-private-company-controlled-banks-connects-much-financia. 
  17. ↑ Natalie Harrison (November 14, 2007). "Markit says buys IIC, agrees to buy CDS IndexCo". Reuters. https://www.reuters.com/article/mergersNews/idUSL1444559220071114. 
  18. ↑ Markit USD Interest Rate Curve XML Specification (Report). Markit. March 30, 2009. http://www.cdsmodel.com/assets/cds-model/docs/Interest%20Rate%20XML%20v1.3.pdf. 
  19. ↑ Dave Valiante (July 28, 2008). "JPMorgan's FCS Corporation Acquired By Markit". http://www.wallstreetandtech.com/operations/showArticle.jhtml?articleID=209602186. 
  20. ↑ "Markit Buying Owners of iTraxx, CDX Credit Indexes". Bloomberg. November 14, 2007. https://www.bloomberg.com/apps/news?pid=20601080&sid=awvPyvPEPnug&refer=asia. 
  21. ↑ William Alden (May 5, 2014). "Financial Data Company Markit Files for I.P.O.". The New York Times. https://dealbook.nytimes.com/2014/05/05/financial-data-company-markit-files-for-i-p-o/?_php=true&_type=blogs&_r=0. 
  22. ↑ "Markit IPO jumps after selling shares". USA Today. June 19, 2014. http://americasmarkets.usatoday.com/2014/06/19/markit-ipo-jumps-after-selling-shares. 
  23. ↑ "Global Insight bought in deal worth $200m". J.Y. Design Blog. September 19, 2008. http://www.jydesign.com/blog/2008/09/global-insight-bought-in-deal-worth.html. 
  24. ↑ "Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy". Boston Globe. September 19, 2008. http://www.boston.com/business/articles/2008/09/19/global_insight_bought_in_deal_worth_200m/. 
  25. ↑ "IHS to acquire Polk in $1.4 billion deal - Carfax makes up 60% of Polk's revenue, investors told". https://www.autonews.com/article/20130610/RETAIL01/130619997/ihs-to-acquire-polk-in-1-4-billion-deal. 
  26. ↑ "IHS Markit Announces Acquisition of automotiveMastermind Inc., Leader in Predictive Analytics for the Automotive Industry". September 26, 2017. https://www.businesswire.com/news/home/20170926005531/en/IHS-Markit-Announces-Acquisition-automotiveMastermind-Leader-Predictive. 
  27. ↑ "IHS Markit acquires Macroeconomic Advisers". September 26, 2017. https://ihsmarkit.com/research-analysis/ihs-markit-acquires-macroeconomic-advisers-v2.html. 
  28. ↑ Lauren Ohnesorge (August 2, 2018). "Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says". Triangle Business Journal. https://www.bizjournals.com/triangle/news/2018/08/02/amid-ihs-markit-buy-nothing-changes-for-ipreos-250.html. 
  29. ↑ "IHS Markit Completes Acquisition of Ipreo". August 2, 2018. https://www.businesswire.com/news/home/20180802005490/en/IHS-Markit-Completes-Acquisition-Ipreo. 
  30. ↑ "IHS Markit Acquires Novation Analytics". https://www.bloomberg.com/press-releases/2019-10-10/ihs-markit-acquires-novation-analytics. 
  31. ↑ FinSMEs (2019-10-10). "IHS Markit Buys Novation Analytics" (in en-US). http://www.finsmes.com/2019/10/ihs-markit-buys-novation-analytics.html. 
  32. ↑ "IHS Markit swaps group that researches optical communications for Informa's agribusiness unit". Lightwave. 2019-05-24. https://www.lightwaveonline.com/business/market-research/article/14033814/ihs-markit-swaps-group-that-researches-optical-communications-for-informas-agribusiness-unit. 

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