Thursday, August 11, 2011

IHS Closes Seismic Micro-Technology Buy

Englewood, Colorado-based IHS said today that it has completed its acquisition of Seismic Micro-Technology, a developer of geoscience software used in the oil and gas industry. The acquisition was worth $500M in cash, and is the biggest ever acquisition for IHS. The deal had been announced on July 26th. Seismic-Micro Technology was founded in 1984, and has 171 employees, and more than 3,000 customers.