IHS Says Carproof Deal Integrates Well with Carfax

IHS Inc. - December 28, 2015

IHS Inc. has acquired CARPROOF Cor­po­ra­tion, a com­pa­ny that pro­vides the indus­try stan­dard in Cana­da on vehi­cle his­to­ry reports to deal­ers, auto auc­tions, automak­ers, and con­sumers. IHS says this deal ties into its 2013 acqui­si­tion of CARFAX, and offers an excel­lent oppor­tu­ni­ty for rev­enue growth and prod­uct devel­op­ment. “Like CARFAX, CARPROOF is a high-growth busi­ness and gives IHS the oppor­tu­ni­ty to expand our vehi­cle his­to­ry report ser­vices into Cana­da,” says Jerre Stead, chair­man and chief exec­u­tive offi­cer of HIS.qu

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