"As capital costs continue to increase, a complete understanding of drilling and completions performance is critical for operators and service companies to improve operations while reducing costly non-productive time"
IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today announced it has acquired Exclusive Analysis and the business of Dodson Data Systems. The terms of the transactions were not disclosed. Exclusive Analysis is a specialist intelligence company that forecasts political and violent risks worldwide. Dodson Data Systems is a leading provider of strategic information for companies engaged in oil and gas operations located in the offshore Gulf of Mexico and onshore United States.
"At IHS, the needs of our customers help to drive our product development and acquisition decisions, and these transactions represent significant enhancements to our energy and country risk offerings," said IHS Chairman and Chief Executive Officer Jerre Stead. "Dodson Data Systems and Exclusive Analysis both augment our existing product portfolio with information, forecasting and analytics that continue to help our global customers make critical business decisions every single day. The acquisitions also open up opportunities to develop new, innovative solutions that integrate the full breadth and depth of IHS information and insight."
Dodson Data Systems provides drilling, completion and non-productive time benchmarking services to the oil and gas industry, for the Gulf of Mexico offshore and onshore U.S. The company's benchmarking solutions are created from consortium member drilling and completion data, and members purchase annual subscriptions to participate. Dodson Data Systems is headquartered in Grapevine, TX, and was founded in 1970 by James K. Dodson.
"As capital costs continue to increase, a complete understanding of drilling and completions performance is critical for operators and service companies to improve operations while reducing costly non-productive time," said IHS President and Chief Operating Officer Scott Key. "The acquisition of Dodson Data Systems will help IHS address this critical need for our global energy customers."
Exclusive Analysis offers intelligence, commentary, customized forecasting, tools and research to help customers identify relevant political and security risks, and manage risks at the country, sector, company, asset, deal and portfolio level in 195 countries. The company's products and services are geared towards customers in four primary segments: insurance, corporate, banking and financial services, and government and non-government organizations (NGOs). Headquartered in London, Exclusive Analysis was founded in 2003.
"The products and services from Exclusive Analysis are an excellent complement to the existing IHS political and security risk analysis product portfolio," added Key. "There is a large market for corporate asset and personnel risk management solutions, and integrating the Exclusive Analysis offerings with our existing country intelligence will help IHS deliver a fully integrated product platform that incorporates robust geospatial capability."
These acquisitions, while not material in terms of financial characteristics or revenue, are strategically important for IHS. Additional information will be provided on the company's previously announced 2013 financial guidance conference call with senior management on December 12, 2012 at 8:00 a.m. EST.
About IHS (www.ihs.com) IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape todayís 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 is committed to sustainable, profitable growth and employs more than 6,000 people in 31 countries around the world.