Information provider IHS Inc. last week announced that it has acquired Documental Solutions LLS, a provider of market intelligence and analysis tools for the defense and aerospace industry, for $24.5 million in cash.
Documental Solutions' customer base includes strategic planners, business developers and analysts that work in the defense and aerospace industry. The company's flagship product is DS Forecast, a visual, interactive and personalized market analysis tool that provides 10-year forecasts for 19 global defense and aerospace markets based on thousands of individual product-level forecasts for existing programs and future opportunities.
IHS plans to integrate Documental Solutions into its Jane's Information Group to create a robust defense offering for the IHS Security arm.
This deal makes perfect sense for IHS, which already offers a wealth of defense information through Jane's Information Group. The only way in which to make that information more valuable is to enhance it with market intelligence and analytics. But acquiring Documental Solutions, IHS is able to easily add such features.
Documental Solutions will certainly benefit from new ownership, which has the resources to further build out the company's solutions. Yet, customers will benefit the most with a complete service of content and analysis to solve their information needs.