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ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE:IHS), the leading global source of information and analytics, announced today that it has acquired IMS Research, a leading independent provider of market research and consultancy to the global electronics industry, for approximately $46 million.
“The acquisition of IMS Research will help us expand our products and services in the technology, media and telecommunications (TMT) value chain, and better position IHS to deliver a more robust product offering to our customers in the global technology marketplace,” said IHS Chairman and Chief Executive Officer Jerre Stead. “The annual delivery nature of the IMS Research business is also an excellent fit for our subscription-based model.”
IMS Research provides premium research with proprietary data and in-depth market insight to original equipment manufacturers (OEMs), component manufacturers and systems suppliers in the global electronics industry. The company's products and services include syndicated market studies, custom research, consultancy services and events that deliver comprehensive, value-add data and in-depth actionable market intelligence, across the technology spectrum. It serves diverse industries across the technology spectrum, from semiconductors and wireless to industrial systems and alternative energy, helping clients in more than 50 countries better understand markets and shape strategies.
“We are very excited to be joining an organization that shares our passion for delivering an exceptional customer experience,” said IMS Research Founder and Chief Executive Officer Matthew Towers. “The IMS Research suite of products and services are an excellent fit with the existing IHS portfolio of technology information and analytics, and our research model provides a platform for IHS to extend into the consumer sentiment space for even greater breadth and depth of content.”
IMS Research was founded in 1989 and is headquartered in Wellingborough, U.K. The company employs more than 140 people in the U.K., U.S., China, Japan, South Korea and Taiwan.
Marlin & Associates served as financial advisor to IMS Research. Additional information about this acquisition will be provided on the company’s previously announced first quarter 2012 earnings conference call on March 22 at 8:00 a.m. EDT.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,500 people in more than 30 countries around the world.
About IMS Research (www.imsresearch.com)
IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, custom research and consultancy services. Clients include most of the household names in the industry. IMS Research has offices in Europe, the US, China, Taiwan, South Korea, and Japan.
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