Who says academics don't have a place in corporate America? IHS Global Insight employs researchers, analysts, and economists who aggregate a variety of financial, economic, industry-related data, and electronically distribute it to customers for forecasting, market-sizing, and risk assessment purposes. The firm also offers consulting services. Its data covers some 200 countries and spans more than 170 industries. It has 25 offices in about a dozen countries that serve clients in industry, finance, and government. Formerly Global Insight, the firm became IHS Global Insight in 2008 when it was acquired by IHS, an information provider focused on the energy, environment, security, and product lifecycle domains.
IHS Global Insight covers industries such as autos, energy, agriculture, steel, telecommunications, trade, tourism, healthcare, and construction. Its offerings include subscriptions or projects, which are delivered via its website, printed publications, conferences, reports, and presentations. IHS Global Insight also offers software that provides navigation, analytical tools, and presentation capabilities, and its consulting services advise clients on issues that affect their competitive position, investment strategy, and policy positions.
The company was acquired by IHS for about $165 million in cash and stock in what was that company's largest acquisition to date. The purchase significantly expanded IHS's economic information and analysis operations. After the deal closed, the parent company aligned IHS Global Insight with other IHS Insight businesses, including IHS CERA, IHS Jane's, and IHS Herold. In addition, Global Insight chairman, president, and CEO Joseph E. Kasputys became chairman emeritus of IHS Global Insight and joined IHS as chairman of the company's newly created IHS Insight advisory board. Scott Key subsequently became president of IHS Global Insight.
The firm was formed in 2001 by Kasputys, who joined together consulting firms DRI (formerly Data Resources Inc.), WEFA (formerly Wharton Econometric Forecasting Associates), DAFSA, Primark Decision Economics, and Primark Poland.