IHS Markit

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IHS Markit
Public
Traded asNASDAQINFO
S&P 500 Component
IndustryInformation services
Founded1959[1]
Headquarters,
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

IHS Markit Ltd[5] is a London-based global information provider[6] that was formed in 2016 when IHS Inc. and Markit Ltd. merged.[7][8]

History[edit]

The company has grown by acquiring companies of information and expert industry, many dating back to the late 1700s and 1800s.

In 2016 Englewood, CO-based IHS and London-based Markit merged.

IHS[edit]

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[edit]

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.

IHS Markit acquisitions[edit]

  • September 26, 2017 - automotiveMastermind Inc., a leading provider of predictive analytics and marketing automation for the automotive industry.
  • September 26, 2017 - Macroeconomic Advisers, an independent research firm widely recognized as one of the most respected forecasters of the US economy.
  • August 03, 2018 - Ipreo, Leading Software Solutions and Data Provider in Global Capital Markets.

References[edit]

  1. ^ "IHS Markit - History". Ihsmarkit.com. Retrieved 2018-04-16.
  2. ^ "IHS Markit - Locations". Ihsmarkit.com. Retrieved 2018-04-16.
  3. ^ "About Us". ihsmarkit.com. Retrieved 2018-04-16.
  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 (11 July 2016). "IHS, Markit shareholders OK $13B merger". Denver Business Journal. Retrieved 13 July 2016.
  6. ^ "Headquartered in London, IHS Markit is committed to sustainable, profitable growth". Retrieved 2018-04-17.
  7. ^ "IHS and Markit to merge in deal valued at more than $13B". cNBC.com. March 21, 2016. IHS and Markit .. announced plans to merge
  8. ^ "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo - IHS Online Newsroom". press.ihs.com. Retrieved 10 April 2018.
  9. ^ "Information Handling Services (IHS) ..."
  10. ^ a b Picker, Leslie (March 21, 2016). "IHS and Markit, Providers of Data and Analytics, Agree to Merge". NYTimes.com.
  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). 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.

External links[edit]