Global Insight bought in deal worth $200m

Economic forecasting firm Global Insight Inc. of Waltham (and past client of J.Y. Design) yesterday said it agreed to be purchased for $200 million by IHS Inc., of Englewood, Colo.

"Global Insight was formed in May 2001 when Joseph E. Kasputys, now its chief executive, acquired Data Resources Inc. of Lexington and its rival Wharton Econometric Forecasting Associates of Philadelphia. Kasputys said he plans to remain with Global Insight as chairman emeritus under IHS...

(an IHS executive) said Global Insight will retain its name and expand its Boston area workforce in coming years but work more closely with Cambridge Energy Research and other IHS "insight" companies, which provide data, analysis, and consulting services to businesses and government agencies around the globe...

Down the road, Kasputys said, he can imagine Global Insight and Cambridge Energy analysts working side by side on research and forecasts. "This is a terrific combination of Global Insight's economic analysis and Cambridge Research's energy analysis," he said..."

Source: Boston Globe. Congrats to GI.