IHS Inc., a leading global source of critical information and insight, announced the acquisition of JFA International, which provides strategic analysis to the energy industry's exploration and production (E&P) sectors. JFA International is based in London.
IHS acquired JFA International for approximately UK2 million (British pounds), or approximately $4 million USD, in an all-cash transaction.
JFA International was founded in 2003, and developed its core Global Window product suite geared toward helping customers develop a fact-based set of strategic analysis. The decision support tool allows oil industry business development teams a systematic framework through which oil and gas upstream business opportunities can be compared and characterized from a technical, commercial, economic and strategic perspective.
"The acquisition of JFA International will position IHS to provide even greater insight to customers by further leveraging our core position and critical exploration and production data," said Jerre Stead, chairman and chief executive officer, IHS. "It enables IHS to convert our critical information into strategic frameworks and analyses that drive customers' investment decisions."
Bob Johnson, David Finlayson and Graham Bliss, co-founders of JFA International commented: "As an information-rich tool and an interactive technical and commercial methodology, Global Window supports strategic planning, portfolio management and effective communications among functions. We have worked extensively with IHS information over many years and believe there is excellent synergy and support for the product and tremendous scope for growth in the IHS global market place."
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