M&A Deal Summary

IHS Acquires OPIS

On February 11, 2016, IHS acquired software company OPIS from United Communications Group for 650M USD

Acquisition Highlights
  • This is IHS’s 14th transaction in the Software sector.
  • This is IHS’s 2nd largest (disclosed) transaction.
  • This is IHS’s 35th transaction in the United States.
  • This is IHS’s 2nd transaction in Maryland.
Investment Fate
  • OPIS was divested to a consortium of strategic buyers in 2021 for 1.2B USD.

M&A Deal Summary

Date 2016-02-11
Target OPIS
Sector Software
Buyer(s) IHS
Sellers(s) United Communications Group
Deal Type Divestiture
Deal Value 650M USD

Target

OPIS

Rockville, Maryland, United States
website
OPIS is a provider of oil industry pricing, news, analysis, and software. OPIS also provides edge software solutions for petroleum marketers looking to automate price collection, data storage, and repricing of dealer and commercial accounts. OPIS was founded in 1977 and is headquartered in Rockville, Maryland.

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Buyer(S) 1

Buyer

IHS

Englewood, Colorado, United States

website


Category Company
Founded 1959
Sector Information Technology
Employees9,000
Revenue 2.2B USD (2015)
DESCRIPTION

IHS is a source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments rely on the content, expert independent analysis and flexible delivery methods of IHS to make decisions and develop strategies with speed and confidence. IHS was established in 1959 and is headquartered in Englewood, Colorado.


DEAL STATS #
Overall 54 of 54
Sector (Software) 14 of 14
Type (Divestiture) 5 of 5
State (Maryland) 2 of 2
Country (United States) 35 of 35
Year (2016) 1 of 1
Size (of disclosed) 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-28 CARPROOF

London, Ontario, Canada

CARPROOF Corp. is a provider of automotive vehicle history reports to dealers, auto auctions, original equipment manufacturers, lenders, insurers, governments, law enforcement agencies and consumers.

Buy CA$650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 GlobalSpec

East Greenbush, New York, United States

GlobalSpec is a specialized search engine and information resource for the engineering community.

Sell -

Seller(S) 1

SELLER

United Communications Group

Gaithersburg, Maryland, United States

Category Company
Founded 1977
Sector Information Services
DESCRIPTION

UCG is a diversified business information company that serves numerous vertical markets.


DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 CodeCorrect

Yakima, Washington, United States

CodeCorrect, LLC offers a set of web-based coding tools to help hospitals and physicians streamline the reimbursement process and optimize revenue.

Sell -