Information and analytics provider IHS (NYSE:IHS) said Wednesday it has acquired Toronto-based industry peer Dyadem International. Terms of the transaction were not disclosed.
Dyadem, with offices in Toronto, Houston, London and Munich, provides software and services that focus on operational risk management, specifically for design and manufacturing processes. The company's clients span the oil and gas, chemical, mining, pharmaceutical, medical, electronics, and aerospace and defense sectors.
"The acquisition of Dyadem provides IHS customers with software solutions to achieve regulatory compliance and business continuity," said IHS chairman and CEO Jerre Stead.
"Dyadem is an excellent complement to our existing Environment, Health, Safety and Sustainability business and its products strengthen our presence in this area."
Colorado-based IHS employs more than 4,400 people in 30 countries around the world.