ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE:IHS), the leading global source of information and
analysis, today announced it has completed the closing of its
acquisition of GlobalSpec, Inc., the leading specialized vertical
search, product information and global access point providing critical
digital information tied to key Product Engineering and Design workflows
for seven million engineers, from Warburg Pincus LLC for $135 million.
IHS Chairman and Chief Executive Officer Jerre Stead and senior
leadership will discuss details about the GlobalSpec acquisition and
provide updated guidance for 2012 on a call set for 4:30 pm EDT, July
11, 2012. To participate in this call, click on the following link: http://www.ihs.com/Investor-Relations/
and log on at least 15 minutes prior to the start of the webcast.
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 6,000 people in more than 30 countries around the world.
GlobalSpec, Inc. is the leading provider of digital media solutions
designed to connect industrial marketers with their target audience of
engineering, technical, industrial, scientific and manufacturing sector
professionals. GlobalSpec provides its registered users with a
domain-expert search engine to search more than 50,000 supplier catalogs
by specification, a broad range of proprietary and aggregated Web-based
content, over 15 annual online events, and more than 70 e-newsletters -
helping them search for and locate products and services, learn about
suppliers and access comprehensive technical content. For suppliers,
GlobalSpec helps generate awareness, demand and engagement opportunities
among the professionals they are looking to reach – from inbox to
desktop, through networks and via real-time engagement.
IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements that are not historical
facts. Such statements may include financial projections and estimates
and their underlying assumptions, statements regarding plans, objectives
and expectations with respect to future operations, products, and
services, and statements regarding future performance. Forward-looking
statements are generally identified by the words "expect," "anticipate,"
"believe," "intend," "estimate," "plan" and similar expressions.
Although IHS and its management believe that the expectations reflected
in such forward-looking statements are reasonable, investors are
cautioned that forward-looking information and statements are subject to
various risks and uncertainties--many of which are difficult to predict
and generally beyond the control of IHS--that could cause actual results
and developments to differ materially from those expressed in, or
implied or projected by, the forward-looking information and statements.
These risks and uncertainties include those discussed or identified by
IHS from time to time in its public filings. Other than as required by
applicable law, IHS does not undertake any obligation to update or
revise any forward-looking information or statements. Please consult our
public filings at www.sec.gov