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IHS - Press Release 8-27-2007
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IHS Acquires PCNAlert
Acquisition allows IHS to deliver end-to-end engineering
obsolescence management solution
ENGLEWOOD,
Colo. (August 27, 2007) – IHS Inc.
(NYSE: IHS), a global provider
of critical technical information, decision-support tools and related
services, announced today it has acquired the assets of PCNAlert from
SupplyEdge, Inc., of Pasadena, Calif., for $10 million in an all-cash
transaction. PCNAlert delivers leading component event management solutions,
including product change notifications (PCNs) and end-of-life (EOL)
notifications for the electronic components industry.
“The acquisition
of PCNAlert advances our strategy of expanding our proprietary database
of parts information and related decision-support tools,” said Jeffrey
R. Tarr, President and Chief Operating Officer, Engineering Segment
for IHS. “PCNAlert’s premier event management offerings will be integrated
with our growing electronic components business providing IHS a clear
differentiator in the marketplace with existing and new customers. The
acquisition will help accelerate our market penetration by leveraging
existing IHS sales channels globally and incorporating PCNAlert as an
add-on to our electronic components product line.”
Component
manufacturers, original equipment manufacturers (OEM) and electronic
manufacturing services (EMS) need to identify and solve potential part
obsolescence issues early in their design, procurement, production,
quality control, and service and repair processes. The integration of
PCNAlert into the IHS proprietary electronic components database uniquely
positions IHS to deliver an end-to-end engineering obsolescence management
solution. As a result, customers’ engineering process improvements can
have a direct positive impact on their key business initiatives in the
electronics industry, including risk mitigation, environmental regulation
compliance, accelerated time to market, product lifecycle management,
optimized strategic sourcing, and effective electronics inventory and
supply chain management.
Cliff Frescura, CEO of PCNAlert, said:
“The collective power of IHS expertise and its current Parts Solutions
offerings with PCNAlert enable customers to make component selection
and management decisions more rapidly and with greater confidence, which
is critically important in a highly competitive electronic component
market environment.”
For more information about IHS Parts Solutions
visit: http://parts.ihs.com.
# # # #
About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading provider of critical technical information,
decision-support tools and related services to customers around the
world. Our data and services are used primarily by the energy, defense,
aerospace, construction, electronics, and automotive industries. IHS
translates the value of our global information, expertise and knowledge
to enable customer success and create customer delight on a daily basis.
Ranging from governments and large multinational corporations to smaller
companies and technical professionals in more than 100 countries, customers
rely on our offerings to facilitate decision making, support key processes
and improve productivity. IHS has been in business for nearly 50 years
and employs 3,000 people in 35 locations around the world.
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IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. Copyright
© 2007 IHS Inc. All rights reserved.
IHS FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
are statements that are not historical facts. Such statements may include
financial projections and estimates and their underlying assumptions,
statements regarding plans, objectives and expectations with respect
to future operations, products, and services, and statements regarding
future performance. Forward-looking statements are generally identified
by the words "expect," "anticipate," "believe," "intend," "estimate,"
"plan" and similar expressions. Although IHS and its management believe
that the expectations reflected in such forward-looking statements are
reasonable, investors are cautioned that forward-looking information
and statements are subject to various risks and uncertainties--many
of which are difficult to predict and generally beyond the control of
IHS--that could cause actual results and developments to differ materially
from those expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include those
discussed or identified by IHS from time to time in its public filings.
Other than as required by applicable law, IHS does not undertake any
obligation to update or revise any forward-looking information or statements.
Please consult our public filings at
www.sec.gov
or www.ihs.com.
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