IHS Inc. (NYSE:IHS), a leading global source of critical information and insight, today announced the acquisition of the current inventory of digital log and raster image assets of Reservoir Visualization, Inc., an exploration and reservoir management consultancy specializing in the creation of stratigraphic framework used in oil and gas prospecting. The $4.1 million cash acquisition doubles the current IHS digital log inventory and significantly expands the company�s raster log inventory, creating the industry�s leading digital well log subscription programs. Headquartered in Humble, Texas, Reservoir Visualization, Inc. (RVI) uses logs in key geologic basins to create digital logs and generate subsurface models and comprehensive stratigraphic frameworks. �Acquiring RVI�s inventory further positions IHS as the source for critical information and insight in the energy industry by providing meaningful enhancements to our current log asset offerings,� said Jerre Stead, IHS chairman and chief executive officer. �This addition will enhance our ability to provide the information our global customers need to better understand a basin�s geological depositional history and reservoir management parameters.� �RVI's technology revolves around using large volumes of digital log and production data to visualize all reservoirs within a basin and to understand the geologic processes responsible for reservoir rock,� added Ralph Williams, RVI president. �We are excited to extend our relationship with IHS beyond being a long-term subscriber to their products. Both IHS and RVI will now be better positioned to pursue their respective goals as the energy business transitions to digital exploration.� About IHS (www.ihs.com) IHS (NYSE: IHS) is a leading global source of critical information and insight for customers in a broad range of industries. Our customer product and service solutions span four major areas of information: energy, product lifecycle management, environment and security. By focusing on our customers first, we deliver data and expertise that enable innovative and successful decision-making. Customers range from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS has been in business since 1959 and employs more than 3,500 people in 35 locations around the world. IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright � 2008 IHS Inc. All rights reserved. IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties--many of which are difficult to predict and generally beyond the control of IHS--that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.
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