IHS Acquires Quantitative Micro Software
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), a leading global source of critical information and insight, today announced the acquisition of Quantitative Micro Software (QMS), a worldwide leader in Windows-based econometric and forecasting software, and developer of the award-winning EViews, for approximately $40 million.
“QMS has developed the very best econometric analysis, forecasting and simulation software applications for more than a quarter century,” said IHS Chairman and Chief Executive Officer Jerre Stead. “This acquisition combines the leading forecasting software platform with our award-winning IHS economics and market analysis teams to give customers around the globe access to the most comprehensive set of solutions to help navigate the complex economic business challenges they face every day.”
QMS software solutions provide corporations, government agencies, researchers and academics with an easy-to-use, object-oriented interface to powerful statistical, forecasting and modeling tools. The first QMS product, the popular MicroTSP software, was one of the first forecasting and analytical packages available for the personal computer. MicroTSP was replaced by EViews in 1994.
“IHS has firmly established itself as the preeminent provider of business intelligence, and all of us at QMS are excited to become a part of the company,” said QMS Founder and President David Lilien. “As a part of IHS, EViews will continue to be the world’s leading econometric software platform, and I am looking forward to continuing to develop solutions to meet the needs of our combined global customers.”
Quantitative Micro Software was established in 1984 and is based in Irvine, Calif.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading source of information and insight in pivotal areas that shape today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. Businesses and governments 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 4,200 people in more than 30 countries around the world.
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