IHS Acquires CyberRegs from Citation Technologies to Strengthen Regulatory Compliance for Enterprise Sustainability Management
Public Company Information:
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analysis, announced today that it has acquired the CyberRegs® business from Citation Technologies, Inc., for approximately $11 million to help customers make business decisions about regulatory compliance for Enterprise Sustainability Management. CyberRegs is the most comprehensive online source of current full-text regulatory compliance information – including statutes, registers and forms from all 50 United States as well as Canada, Mexico and Puerto Rico – focused on environmental, health, safety and sustainability (EHS&S) issues.
“We are pleased to acquire CyberRegs from Citation Technologies in order to provide our customers with ongoing, immediate access to the regulatory content they need to advance critical decisions,” said Jerre Stead, IHS chairman and chief executive officer. “In the process, CyberRegs will also help us accelerate the growth of our EHS&S business so it is another win-win for our customers and our company.”
IHS has been partnering successfully with Citation Technologies for more than a decade. By acquiring the CyberRegs business – including the extensive regulatory content and experts who support the system as well as the web portal technology – IHS is now able to:
- Help customers reduce IT system and workflow complexity by reducing the number of vendors they rely on to support their strategies for Enterprise Sustainability Management.
- Drive continuous improvement of compliance management by incorporating CyberRegs content and expertise more tightly into the roadmaps for future IHS information solutions
CyberRegs provides online expert regulatory content that streamlines and centralizes resources for customers. These valuable resources have dynamic functionality, such as collaborating with shared annotations, searching and accessing full-text regulatory citations. Subscribers are even notified as often as the referenced requirements change.
“Having worked with IHS for many years, we know that IHS shares our vision of providing world-class, end-to-end compliance management decision support,” said Randal Meske, Citation Technologies president. “By bringing CyberRegs together with the full complement of IHS solutions, we believe that we are ensuring that our customers will now have the opportunity and additional resources available to take their EHS&S and product design programs to another level of excellence.“
The IHS EHS&S Customer Care team will now assume responsibility for supporting the global community of CyberRegs customers – including approximately 500 organizations and 18,000 end users – and delivering on the IHS commitment to customer delight.
For more information about IHS software, content and service solutions for EHS and sustainability, visit www.ihs.com/ehs-sustainability
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, including energy and power; design and supply chain; defense, risk and security; environmental, health and safety (EHS) and sustainability; country and industry forecasting; and commodities, pricing and cost. 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.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2012 IHS Inc. All rights reserved.
About Citation Technologies, Inc. (www.CitationTechnologies.com)
Citation Technologies, Inc. is a world leader in environmental, health and safety (EH&S) compliance management solutions driving operational excellence, business sustainability and improved decision making at all levels. For nearly 20 years Citation has helped the EH&S industry comply with the ever-changing regulatory landscape.