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IHS - Press Release 8-27-2007 |
IHS Acquires PCNAlertAcquisition allows IHS to deliver end-to-end engineering obsolescence management solutionENGLEWOOD, 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. ### 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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