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IHS acquires Environmental Support Solutions

Sep 21, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: IHS Inc (IHS)

IHS, Inc., a provider of technical information, decision-support tools, and related services, has acquired Environmental Support Solutions, Inc., a provider of environmental, health and safety (EHS), and crisis management software, for $59 million in cash. Both the companies are based in the US.

Earlier, Environmental Support Solutions raised venture capital funding from Grayhawk Venture Partners, Harvard Investments, and CSL Equity Investments. 

Deal Value (US$ Million) 59
Deal Type                Acquisition
Sub-Category             Majority Acquisition
Deal Status              Completed: 2009-09-17

Deal Participants 

Target (Company)   Environmental Support Solutions, Inc.
Acquirer (Company) IHS, Inc.

Deal Rationale

The acquisition allows IHS to strengthen its capabilities in providing software solutions.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: IHS Inc (IHS)


Related terms: acquisition, environmental impact, equity, software, venture capital

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