IHS Inc. (IHS) Signs Agreement to Acquire Seismic Micro-Technology in $500 Million Deal

IHS Inc. (NYSE: IHS) has signed a definitive agreement to acquire Seismic Micro-Technology (SMT), a market leader for geoscience software. The $500 million cash transaction – the largest acquisition in IHS history – is subject to customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

With 171 employees and more than 3,000 customers globally, SMT has earned a loyal following for its software platforms that boast great ease of use and mobility. IHS has a long-standing focus on and investment in information browsing and analysis tools for the oil and gas industry in order to give customers efficient and accurate use of its industry-leading information products.

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