IHS Markit was founded in a 2016 merger of Colorado-based IHS Inc. and London-based Markit Ltd, creating an international market and financial data company. The combined company, IHS Markit Ltd., traded on the Nasdaq Global Select Market under the symbol INFO. The merger also moved the company to London, where it enjoyed a lower corporate tax rate than in Colorado.
IHS Markit was a provider of critical information, analytics, and expertise to develop solutions for industries, companies, and economies. The company's main offerings included enterprise software, trading services, managed services, product design solutions, performance measurement, marketing tools, predictive analytics, marketing automation software, economic and risk data and analytics, and scenario and forecast tools.
IHS was founded in 1959 as Information Handling Services, providing information for aerospace engineers using microfilm databases. The company grew through acquisitions of other information services companies before merging with Markit, formerly known as Mark-it Partners, in 2016 to expand its financial, engineering, and consulting services.
In 2020, S&P Global agreed to acquire IHS Markit in a $44 billion stock acquisition, intending to create a data services company to serve Wall Street and the corporate world. Ahead of the finalization of the merger, IHS Markit sold parts of the company, including its Pricing and Reimbursement dataset, to Global Data, and Base Chemicals sold to News Corp to alleviate concerns from various regulators about the potential effects of the acquisition. The purchase of IHS Markit was finalized in February 2022. As part of the merger, IHS Markit became a subsidiary and a part of S&P Global and was delisted from public exchanges. Those who held stock in IHS Markit were offered a chance to convert that stock into 0.2838 shares of S&P stock per share.