IHS Acquires XēDAR Corporation
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, announced today that it has acquired XēDAR Corporation, a leading developer and provider of geospatial information products and services, for approximately $28 million, net of cash acquired.
“XēDAR’s proprietary geographic and land information system solutions are a great complement to the IHS energy technical information and analytical tools,” said IHS Chairman and Chief Executive Officer Jerre Stead. “We are looking forward to working with the talented XēDAR team to create even greater value for our global energy customers.”
XēDAR Corporation is a leading provider of technology-driven geospatial and land information solutions that provide federal, state and local agencies, as well as key oil and gas, natural resource and utility clients, with imagery processing solutions and related land information management and integration solutions. The company has rapidly established itself as a cost-effective provider of imagery, information products, and land records management services that can be integrated directly into clients’ workflows to improve operational efficiencies.
XēDAR collects high-resolution aerial digital imagery, both multispectral and laser, then processes and enhances the resulting data, and sells the products to government and commercial clients. Its geographic information systems (GIS) and land information systems (LIS) services provide government, natural resource, utility and oil and gas clients with land database information products and production services related to the creation, automation or enhancement of land records and custom mapping.
XēDAR is headquartered in Arvada, Colo., and maintains an office in Albuquerque, New Mexico. The company employs 134 people.
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.
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