IHS Adds Invention Machine to its Technology Collection

July 19, 2012

In a $40 million deal, Taume announces, “IHS Acquires Trident Capital’s Invention Machine.” The write up also notes IHS’ previously announced purchase of GlobalSpec for $135 million. The company expects the combination of Invention Machine’s Goldfire business intelligence chops and GlobalSpec’s vertical search, product information, and global access point capabilities will combine to:

“. . . transform our existing engineering specifications and standards business to long-term double-digit growth, and accelerate the IHS Product Design business by increasing the value we offer to engineers, researchers and scientists by connecting innovation to knowledge workers,” said Jerre Stead, IHS chairman and chief executive officer. “With Invention Machine’s Goldfire as the front-end, we will bring together all IHS content, insight and tools into an innovative solution that will address many of the unsolved problems facing engineers. This will enable greater productivity, accuracy and design quality, and help customers accelerate innovation and deliver superior products and services.”

Invention Machine makes its home in Boston, with offices in London, Frankfurt, Paris, Tokyo, and Minsk, Belarus. They call their Goldfire “the optimal decision engine,” created to help make clients more productive. Trident Capital is a venture capital and private equity firm founded in 1993 that specializes in business service and I.T. investments.

Designed with engineers in mind, GlobalSpec supplies its customers with domain-specific vertical search engines. The firm is headquartered in East Greenbush, N.Y.

Headquartered in Englewood, Colorado, IHS operates in over 30 countries and employs over 5,500 workers. This information powerhouse was founded back in 1959 as a provider of product catalog databases on microfilm for aerospace engineers. Wow, who here remembers microfilm? Kudos to IHS for keeping up with the times!

Cynthia Murrell, July 19, 2012

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.