Mooreland Partners advises PartMiner Inc. in Divestiture of CAPS™ business to IHS
Centennial, Colorado – March 1, 2012 – Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to PartMiner Inc. in the divestiture of its Computer Assisted Product Selection (“CAPS™”) information service business to IHS Inc. (NYSE:IHS, www.ihs.com). IHS, a leading provider of information services, has acquired PartMiner’s CAPS™ database business and related software. The acquisition enhances IHS’s existing electronic parts information business and significantly expands IHS’s content, product offering, relationships, and global reach.
CAPS™ data is essential for original equipment manufacturers or electronic manufacturing service product teams including design and component engineers, supply chain, manufacturing and quality assurance personnel. Users can easily find substitute and replacement options for obsolete parts or components that are in short supply, as well as access parametric data, life-cycle forecasts, and material data to choose the right components for their design.
Jerre Steade, IHS Chairman & CEO, said, “The acquisition of the CAPS™ family of products will significantly enhance our existing electronic parts information business to provide greater breadth and depth of content to our global customers. The CAPS™ content coverage, selection and list management tools, sourcing relationships and integration framework, along with the subscription nature of the CAPS™ business makes it an excellent strategic fit for IHS as well.”
“Combining the CAPS™ database with the existing IHS electronic components database will create the largest customer solution in the industry, both in terms of part and manufacturing count, further establishing our market leadership position for information and insight in this critical market.”
The acquisition is effective March 1 and financial terms were not disclosed (Link to Press Release)
About PartMiner Inc.
PartMiner’s CAPS™ database is a leading source for identifying specific electronic components based on engineering specifications. It combines information on more than 265 million physical devices, along with intuitive tools for integration into engineering design processes and applications. It includes a comprehensive and current database of electronic and electro-mechanical components to support engineering selection and procurement decisions for military and commercial applications. www.partminer.com